Internal Audit: Strengthening Your Business From the Inside Out

An internal audit is one of the most powerful tools a business can use to evaluate its financial health, improve efficiency, and reduce risk. Unlike external audits, which are focused on compliance, an internal audit examines the systems, processes, and controls that keep your organization running smoothly. At McMurtry Accounting, we provide comprehensive internal audit services that help businesses identify weaknesses, streamline operations, and enhance long‑term performance.

If your goal is to build a stronger, more resilient organization, understanding the value of internal audits is the first step.

What Is an Internal Audit?

An internal audit is a detailed review of your company’s internal processes, financial controls, and operational workflows. Its purpose is to determine whether your procedures are functioning effectively, efficiently, and in alignment with organizational goals.

Internal audits:

• Improve the accuracy of financial reporting
• Strengthen internal controls
• Reduce operational risks
• Enhance security and accountability
• Support better decision‑making

McMurtry Accounting conducts internal audits that are thorough, objective, and tailored to the unique needs of each business.

Why Internal Audits Are Essential

Internal audits are not just about finding problems—they’re about preventing them. By regularly reviewing your systems, you can uncover gaps before they lead to financial losses, security breaches, or regulatory issues.

Internal audits help businesses:

• Detect and prevent fraud
• Improve workflow efficiency
• Ensure policies and procedures are being followed
• Evaluate compliance with industry standards
• Identify opportunities for process improvement

A well‑executed internal audit can save time, money, and headaches by keeping your business on a solid foundation.

Key Areas Reviewed in an Internal Audit

While every audit is customized, internal audits typically focus on several core areas:

1. Financial Controls

We evaluate how financial data is recorded, approved, stored, and reported to ensure accuracy and transparency.

2. Operational Processes

Workflows, procedures, and resource usage are reviewed to identify bottlenecks, inefficiencies, or inconsistencies.

3. Risk Management

Audits assess areas where the company may be vulnerable to fraud, errors, or non‑compliance.

4. Technology & Data Security

We review systems and security protocols to ensure sensitive financial information is properly protected.

McMurtry Accounting ensures every area of your operation is examined with a careful, professional eye.

How an Internal Audit Benefits Your Business

Internal audits deliver value far beyond compliance. They help create a stronger, more transparent organization with consistent processes and accountable teams.

Improved Accuracy

Audits identify discrepancies and ensure that your financial reporting is complete and correct.

Greater Efficiency

Streamlined processes reduce waste, save time, and enhance productivity across departments.

Reduced Risk

Early detection of issues helps prevent costly financial mistakes or fraudulent activity.

Better Decision‑Making

With clear, accurate information, leadership can make smarter strategic choices.

When you know how well your systems work, you can plan the future with confidence.

Partner With McMurtry Accounting for a Stronger Organization

At McMurtry Accounting, we take a proactive, detailed approach to internal audits. Our goal is not only to identify what needs improvement but also to provide meaningful guidance on how to fix it. We work closely with your team to understand your goals, evaluate your processes, and help you build a more secure, efficient, and resilient business.

Whether you need a full internal audit, ongoing audit support, or help strengthening your internal controls, we are here to support your long‑term success.

Strengthen Your Business Today

A strong internal audit process can transform the way your organization operates. Contact McMurtry Accounting today to learn how we can help you improve efficiency, reduce risk, and build a stronger financial future.