Audit & Compliance

Not only is it a tough economy out there, the compliance requirements for many businesses, public and private, are also becoming more challenging as regulations steadily increase.  Hudson remains acutely aware of the changing regulatory environment and continues to track new developments for our clients, and we’re prepared to assist when necessary.

Potential Issues

Perhaps your company is concerned that too much is being spent on SOX testing or that internal audit procedure is not focusing on the areas of greatest risk to the organization. Hudson can provide an analysis of your existing control structure and controls to determine if appropriate adjustments have been made in recognition of Audit Standard #5 (AS5).  Depending on the circumstances, a segregation of duties analysis could be called for to ensure proper controls are in place governing employee access to critical information systems.  On the risk side, Hudson experts often perform an IT Risk Assessment or a comprehensive Enterprise Risk Management (ERM) assessment, alongside the development of an internal audit procedure plan appropriate to the current environment.

Opportunities

Many company boards, driven by fraud concerns or clamoring from investors, have increased their focus on risk management and internal audit procedure in an effort to identify and mitigate potential problems before they occur.  Opportunities exist for many organizations to accomplish multiple objectives at once such as: sharpening the focus of their internal audit procedure activities, reducing the cost of both their internal and external audit activities, and reducing the overall risk to the company.  Hudson has the experience and the resources to assist in these efforts.  Contact your Hudson representative today to learn how we’re helping companies like yours.