Post Audit

A/P SECURE 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 identify 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
• Retail Hardware Stores
• Municipal and County Government
• Contracts and Construction Manufacturers (all sizes)

Request for A/P Secure Product:   Information  or  Demonstration

- - - - - - - - - - - - - - - -

Return from Post Audit to:

Home Page   or   Accounts Payable

Copyright © 2009-2011 EDI World Associates. All rights reserved.