Audit

The role of the accounts payable professional is even more important during difficult economic times

The accounts payable audit is a strategic, value-added financial process that manages the amounts that are owed to suppliers and/or vendors. As part of our Procure to Pay Risk Assessment, Business Strategy will review your Accounts Payable Department's processes. Our unique seven step approach differentiates us from the traditional audit recovery firm.

1. Discovery – We conduct a structured interview to ensure that we comprehend your process and transaction flow.

 

2. Data Acquisition – BSI has a data acquisition process that includes tools and skilled staff to work with you to extract transaction data from any system source.

 

3. Audit Plan – We customize the planning approach for each engagement to take into account your corporate culture, special requirements, and project management standards.

 

4. Customized Communication Plan and Management Meetings – We keep you informed on progress against the plan throughout the engagement, and make adjustments as required.

 

5. Claims Development and Reporting – Our claims development, verification, imaging, and approval process prevents client surprises!

 

6. Claims Administration – We provide an automated claims administration process from back office to bottom-line.

 

7. Management Report – Upon completion of the engagement, BSI delivers a comprehensive report of our findings and recommendations on how to improve your procure to pay process.

 

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