ARTHUR HENDERSON, LLC's Internal Audit Co-Sourcing professionals provide institutions with all of the technical and expert resources they require on-demand, without the need to hire full-time staff.

Certainly, not all internal audit departments are the same, nor do they have the same mission with their institutions.  This is true even though most internal audit departments strive to follow the definition of internal auditing  developed by The Institute of Internal Auditors in 1999:

"Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.  It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes."

At small colleges and universities or limited resource institutions, no internal audit department is able to have all of the technical and expert resources it requires on hand, at all times.  Therefore, attempting to have full-time staff available to meet every internal audit need is not a practical approach.  ARTHUR HENDERSON, LLC's breadth of knowledge and experience in internal auditing enables us to serve as a highly qualified asset for your institution.  Whether you need to address a shortage of traditional internal audit staff or require specialized internal audit professionals, ARTHUR HENDERSON, LLC can deliver.

ARTHUR HENDERSON, LLC's professionals help institutions meet their business and finance leadership needs.  Colleges and universities must maintain a business and finance function to provide administrative support and professional guidance to accounting services, auxiliary enterprises, budget office, business services, campus police and safety, environmental safety, facilities planning, human resources, information technology, physical plant operations, and procurement that allows the institution to realize its core mission of teaching, research, extension and public service.

We help the administration recruit a permanent CBO / CFO and provide training and support during the transition.

ARTHUR HENDERSON, LLC's professionals help colleges and universities leverage financial risk strategies and operational risk management capabilities to improve their institutional compliances programs and strengthen the quality of information for decision-making.

Risk can be defined as any issue that impacts an institution's ability to meet its objectives.  Administrators should recognize that the proper management of risk is a core leadership function that must be practiced throughout the institution.

Our professionals help CBO's, CFO's and administrators control strategic risks, compliance risks, reputational risks,  financial risks, and operational risks through the Enterprise Risk Management (ERM) framework a process-driven tool that enables management to visualize, assess, and manage significant risks  that may adversely impact the attainment of key organizational objectives.

We help CBO's , CFO's and institution executives strengthen their business and finance function through elimination of inefficient management layers and deploying functional realignment, optimum enabling technology, and cultural change.   We assist administrators in improving their control over operations using Lean Six Sigma to cut costs, improve processes and timelines, and increase customer satisfaction through continuous improvement decisions based on measured outcomes.

ARTHUR HENDERSON, LLC's knowledge and experience in enterprise IT governance and use of the Control Objectives for Information and related Technology (COBIT) framework enables us to serve as a highly qualified asset in addressing your institution needs in the areas of IT organizational structure, technology infrastructure, IT support competencies, IT service perception, and IT controls.

ARTHUR HENDERSON, LLC's professionals help institutions meet their internal audit needs.  Colleges and universities must maintain an internal audit function to provide management and the audit committee with ongoing assessments of the institution's risk management processes and system of internal control.

The internal audit needs of each institution are unique.  Due to demand for a high level of service and expertise, it is necessary for ARTHUR HENDERSON, LLC to have in place a continuous, full-service outsourcing arrangement to meet all of the internal audit needs of the institution.  Under this arrangement, ARTHUR HENDERSON, LLC reports to the audit committee and an appropriate administrative officer.

Every institution, regardless of its size, should have some type of internal control system or process.  Our internal audit methodology is used completely or in conjunction with an institution methodology as the framework to build, execute and track a risk-based internal audit plan.

Our internal audit services provide the following benefits:

• Assurance to external agencies and compliance with applicable laws and regulations
  
• Technical and analytical skills related to core process and related control assessments
  
• Elimination of time and cost associated with sourcing, hiring, training and retaining skilled personnel in noncore competency areas