Ethical Edge works with your company to perform an array of third-party auditing and assurance services. Our risk-based services are tailored to your specific needs. They can focus on financial reporting, Information Technology (IT) infrastructure and network security, safety, human resources, compliance, procurement and supply chain, inventory management, marketing, or just about any other facet of your business. 

Unlike a traditional audit that uniformly covers all areas, a risk-based audit hones in on high-risk areas. This efficient allocation of resources provides deeper insights into your company’s potential risk exposures, instilling confidence in the thoroughness of our process. Our audit approach aims to identify and address your highest-priority risks. Many internal audit departments or third–party services claim to take a risk-based approach, but in actuality, their plans are built from an audit universe of departments, functions, or processes. 

Risk is unavoidable in all business activities, and proper risk management is not merely about eliminating it. Ethical Edge believes that a thorough and realistic risk-based audit starts with understanding your company's objectives and tolerances to different types of risk. We assess your company's exposure to them with an approach that keeps your business's core objectives in mind to maximize the benefits to your operations and bottom line. 

Ethical Edge's risk-based auditing approach is designed to align with your industry's standards and your business's unique needs. This alignment ensures that risk is eradicated, mitigated, and re-allocated in ways that are familiar and secure for your business. As these audits can vary significantly in areas assessed, scope, and complexity, we will work with you to determine which areas (e.g., legal, investment/financing, operations, Information Technology and data security, fraud prevention, etc.) require the most urgent attention. Then, we can build an auditing and assurance framework that best suits your company. 

A third-party audit is a great way to ensure that your organization follows external laws, rules, and regulations. This type of audit can also be an excellent first step to ensure that operations are aligned or compliant with your company's internal guidelines, such as corporate bylaws, various controls, and policies and procedures. Performance of routine audits can reduce your legal risks, increase safety, inform risk tolerance and other governance policies, and can streamline your business operations by identifying opportunities for improvement. 

As the scope and complexity of these audits vary significantly, there is no one-size-fits-all auditing plan. However, Ethical Edge's thorough approach maximizes your resources and puts your company on a path to optimized performance. We work with your leadership to determine specific areas of importance and build an audit plan that suits your unique needs, providing reports and follow-ups as required.