Does your organization rely on tools that weren't purpose-built for the job, using cumbersome processes that work around their inadequacies? If so, your audit management practices are likely incomplete and inefficient, leaving you open to an unacceptable level of risk.
Using spreadsheets to store and analyze data, word processors to prepare audit reports and committee presentations, and email to communicate with stakeholders, is inefficient and ineffective. With a great deal of time, stress, and effort, it might get the job done, but there’s a better way.
Deploying purpose-built tools, internal auditors can independently assure operating efficiency, while meeting the standards of the Committee of Sponsoring Organizations (COSO) framework.
Accurate and timely reconciliations are a critical control function that should be in place in all organizations. Understand best practices related to account reconciliations and develop a clear plan for reviewing reconciliations.READ MORE
When does focusing on simple software solutions result in catastrophe? When simple becomes the objective. Instead, finance and budget professionals should focus on what they want to achieve while avoiding unnecessary complexity. Learn how to evaluate what is and is not necessary for real success.READ MORE
Continuous Controls Monitoring (CCM or sometimes Continuous Monitoring) provides a massive benefit to management AND simplifies the annual audit process.READ MORE
Finance professionals know the importance of strong internal controls for managing but overlook the opportunity to reduce audit fees.READ MORE
FH Black exceeded our expectations. From day 1, their project manager (Darryl Parker) made us believe we were his one and only client. With his deep knowledge in governmental accounting, he had a clear understanding of our practices and challenges. (read more...)
They are recognized experts in both CaseWare and municipal reporting requirements. We value that experience and look to them for assistance developing best practices for our reporting cycles going forward. Our province has additional unique requirements. F.H. Black was familiar with these requirements and could help us meet them using CaseWare. (read more...)
I am certainly happy we implemented CaseWare. I easily saved 40 hours of time. Plus, we saved $8,000 on our audit fees because of the time it saved the auditors. We expect it will get faster and better yet! (read more...)
FHB had a comprehensive understanding of GASB requirements and the process needed to build a compliant report. FHB was able to provide great suggestions as to format as well as ensure we were able to keep the spirit of the report we provided previously. (read more...)
CaseWare represents a huge improvement over our old reporting process. It allows us to be more efficient, eliminating the manual data entry and the opportunity for errors that come with manual processes. (read more...)
F.H. Black understands municipal accounting. There’s a tremendous knowledge base within the company and they use that knowledge to come up with strategic recommendations that really help us leverage the software to our best advantage. (read more...)