A lot of things come to mind when we think of the term “
Businesses benefit most from a comprehensive audit, not just a surface review of their books. Working on a contingency basis means that the audit fee is based on the amount recovered. This gives auditors greater accountability for the outcome of audits which will, no doubt, lead to more robust audits and maximized recoveries.
Not every
Audit methodologies vary to some degree, and a contingency agreement is great motivation for companies to look for more than just duplicate payments and unapplied credits. You want to use a company that combines automated processes with manual ones so that as many points of inspection can be checked as possible. At Broniec, we cover 117! An auditor might find inefficiencies like missed discounts, contract compliance issues, sales
In the process of performing an Accounts Payable audit, fraud is sometimes uncovered. Those who are in charge of financial
Recovered overpayments are literally found money that adds directly to a company’s bottom line, except for the percentage paid to the recovery auditor. That makes a no-risk contingency-based audit the most cost-effective way to recoup your lost dollars. Not only will you walk away with the cash, but also with expert tips on how to improve your operational efficiency. That, by itself, is a benefit that will essentially keep money in your pockets going forward.