Tripp Consulting

About Tripp Consulting

We believe that value, cost and risk attributes should be considered in evaluating the potential models for an Internal Audit function and deciding whether to out-source SOX testing. Approximately a third of large companies today use either outsourced or co-sourced services to support their internal audit needs. The primary reasons cited for deciding to outsource include: • Ability to focus on growing the company’s core competencies instead of internal functions • Scalable model that allows for flexibility in response to environmental changes Internal operations often face pressures to remain as efficient as possible, which can result in decreasing the scope of internal audit and risk coverage in order to maintain steady costs. In more extreme scenarios, this can create a situation where a function is under-resourced and a Board is over-confident. We understand that the nature of Internal Audit and its testing can vary year to year and staffing such cyclical testing is difficult to manage. To see how the team at Tripp Consulting can address your Internal Audit needs please reach out to info@tripp-consulting.com

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