POST-AUDIT
PSI offers a profit recovery service employing recovery software that
has been developed over a 25 year period, with input from auditors
actually performing the audits.
Why a Post-Audit?:
• To recover from .002% to .004% of annual volume.
• To recover lost profit with no financial risk.
• Final reports and review to reduce future losses
PSI fills the position between internal auditors and
external CPA’s.
We serve as an extension of the client’s staff without impacting
the budget.
There is no fee. PSI only participates in money recovered from the
audit.
Why is money found?:
• Only through a complete audit can all of the elements of A/P
transactions be examined at an unhurried pace where timeliness is not
necessary.
• All transactions are examined that have recovery potential
• Unidentified loss during normal periods has been proven to be .002%
(tenths) to .004% (tenths) of annual volume.
Where is money found?:
| Over billings by suppliers |
Freight Errors |
| Adjustment Errors |
Missed Discounts |
| Returns |
Missed Allowances |
| Tax Errors |
Duplicate Payments |
| Utility Bills |
Lease Errors |
| Unusual or Unorthodox Transactions |
|
Changes in systems, procedures or personnel can potentially cause
loss.
PSI experienced professionals utilize computer techniques, combined
with unique application software to zero-in areas of research and reduce
the time involved.
Audit Experience:
| Wholesale Food Distributors |
Retail and Clothing Stores |
| Drug and General Merchandise Distributors |
Retail Department Stores |
| Wholesale Merchandise Distributors |
Retail Supermarket Chains |
| Municipal and County Government |
Retail Hardware Stores |
Contracts and Construction Manufacturers (all sizes)
|
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