In today’s world, managing risk is a key success factor.
INTERNAL AUDIT
How do you manage risk?
At Dean Dorton, we recognize that effectively managing risk is essential for organizations to achieve their objectives. As trusted advisors, we partner with management and the board to provide assurance and advice to enhance governance, risk management, and control processes. Our customized internal audits evaluate existing risks, identify emerging threats, and analyze the adequacy of risk responses. Leveraging industry best practices and our proven risk assessment methodology, we examine strategic, financial, operational, compliance, reporting, and other risks across the organization. Our independent insights allow management to make informed decisions to strengthen internal controls, improve efficiency, and allocate resources to the areas of highest risk exposure. With our risk-based approach, clients can focus their efforts on key risks to foster a culture of accountability, integrity, and transparency across the business.
Internal audit has shifted from oversight to strategic insight.
Internal audit is not just about ensuring compliance and accuracy in financial reporting, but also about adding value by assessing and enhancing the organization’s risk management, finding synergies, detecting, and mitigating emerging risks and improving processes and efficiency. We can assist you in reviewing your existing internal control environment and designing strategies to improve it to help prevent fraud or material error, optimize operational performance, and increase profits.
Our skilled team can help you establish, upgrade, or transform your internal audit function, depending on your needs and goals. We will help you clarify the strategic role of internal audit within the organization. In many cases, the complex business environment requires that internal audit broaden its scope, becoming a strategic partner in activities related to governance, risk, and compliance, to improve risk identification and response.
Our impartial advice and guidance can facilitate the achievement of the desired outcomes more quickly and give you a high level of assurance of success. We use current best practices and a risk-based methodology based on the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework to ensure the highest level of implementation efficiency and provide a solid foundation for your internal audit function.
Why Dean Dorton?
Our multidisciplinary team of certified internal auditors, fraud investigators, and technology specialists delivers the expertise needed to uncover risks, strengthen controls, and drive confidence in your operations.
Dedicated Team Including Certified Internal Auditors
Expertise you can trust from a dedicated team that includes Certified Internal Auditors.
Unmatched IT Resources & Expertise
Deep IT expertise and resources help deliver comprehensive, technology-focused audit solutions.
Certified Fraud Experts & Investigators
Specialized fraud expertise to uncover risks, investigate concerns, and protect your organization.
Dean Dorton’s Internal Audit Services
Our internal audit services cover a variety of ways to mitigate risk.
Internal Audit Staffing Frameworks
Outsourcing – We offer full outsourcing of internal audit activities, providing access to our expertise without the overhead of hiring additional full-time staff. Our professionals integrate into your operations, handling sensitive governance, risk and compliance reviews objectively. We adhere to professional standards, scaling available talent to the needs of dynamic audit plans.
Co-Sourcing – We can complement your team through a co-sourced engagement model by partnering with your Internal Audit Director to assist with risk assessments and development of internal audit plans. We can also provide specialized skills in IT audit, emerging tech risks, data analytics, compliance, operational audits and more to deliver targeted coverage without straining budgets.
Fractional & Interim Internal Audit Resources – Our experienced internal audit professionals integrate seamlessly with your team to provide flexible support during staffing transitions, periods of increased audit activity, or when specialized expertise is needed. We can serve as interim internal audit leadership, augment existing audit functions, or provide subject matter expertise in areas such as IT auditing, cybersecurity, data analytics, fraud investigations, regulatory compliance, and operational excellence.
Risk Advisory Services
Our internal audit services help organizations identify and respond to risks that impact strategic, financial, operational, and compliance objectives. We provide independent insights to strengthen governance, controls, efficiency, and risk management.
Enterprise Risk Management (ERM) – Our ERM services help organizations design and integrate flexible frameworks to identify, assess, and respond to risks that impact strategic, operational, and compliance objectives. We partner with boards, executive management, and business units to align risk infrastructure to corporate risk appetite and policies.
Risk Assessments – Our risk assessment services provide independent evaluation of inherent risks and the effectiveness of mitigating controls across operational, financial, strategic and compliance objectives. We can help organizations identify gaps in their controls and provide recommendations to reduce or eliminate those gaps.
Assessment Services
We evaluate the design and effectiveness of internal controls through risk-based audits across functions, systems, and processes. Our experts leverage interviews, data analysis and workshops to provide ratings, control gaps, risk logs and pragmatic recommendations.
Internal Audit & Controls
- Operational audits
- Internal control testing
- SOX/J-SOX compliance
Technology & Data
- IT audits
- Cybersecurity reviews
- Data analytics
Compliance & Grants
- Regulatory compliance audits
- Federal grant compliance
- Subrecipient monitoring
Governance & Improvement
- Policy and SOP framework development
- Governance assessments
- Fraud risk assessments
Anti-Fraud Services
We help clients prevent, detect, and investigate fraud, waste, and abuse through holistic program design. Our services range from fraud risk assessments to an independent whistleblower hotline and investigations of reported misconduct. With proactive vigilance, we reinforce ethical cultures and financial integrity.
We offer a hosted whistleblower hotline. This is a secure and confidential channel for your employees, customers, suppliers, and other stakeholders to report any misconduct, fraud, corruption, or unethical behavior within your organization. Our hotline is available 24/7, in multiple languages, and can be accessed via phone or the web. We handle all reports with professionalism and discretion and provide you with timely and actionable insights to help you mitigate risks and enhance your governance and compliance.
Quality Assurance Reviews
We conduct independent quality assessments that benchmark internal audit activities against the Global Internal Audit Standards™ issued by The Institute of Internal Auditors (IIA). Our reviews help organizations evaluate conformance, strengthen audit practices, and identify opportunities to improve efficiency, effectiveness, and stakeholder value.
- External Quality Assessments (Full QARs)
- Independent Validation of a Self-Assessment
- QAR Readiness Assessments / Gap Analyses
- Evaluate current practices against IIA Standards before a formal Quality Assessment.
- Identify gaps in governance, methodology, documentation, quality assurance processes, and audit execution.
- Provide a prioritized roadmap for remediation and QAR readiness.
- Quality Assurance and Improvement Program (QAIP) Development & Enhancement
- Design or strengthen QAIPs to support ongoing conformance with the Standards.
- Develop performance measures, monitoring activities, and internal assessment processes.
Post-QAR Remediation Support
- Assist with implementing recommendations from external assessments.
- Develop action plans, policies, templates, and training to address identified gaps.
