Work Smarter.
Reveal. Recover. Protect.
The Moody approach makes an audit more of a financial evolution than a one-time exercise. Through meticulous analysis of your data, leveraging both our proprietary software and years of public accounting experience, we analyze it to reveal and recover losses. Then, we provide deep insights and real-world recommendations to protect you from future losses, boost your bottom line and help you reach new financial heights.
As promised the Moody International team worked swiftly, they were professional and the process was painless. Both the recoveries and the process exceeded our expectations and Moody's people
were a pleasure to work with.
Accounts Payable Recovery Audits
We identify and recover inadvertent overpayments to, and under-deductions from, suppliers that would otherwise go undetected and lost. As a CPA firm, our in-depth knowledge of the internal control environment allows us to quickly and efficiently audit your disbursement process to provide value-added reports and enhance your continuous improvement process.
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Continuous Controls Monitoring
CashFlow Guardian (CFG) is our SaaS solution for analyzing data sets of all sizes and formats. The CFG Data Gateway, the first component of the CFG Continuous Controls Monitoring feature, allows CFG to:
- Evaluate and organize data files before the import process
- Cleanse improper formats and data types to ensure successful file loading
- Ensure the completeness and accuracy of the data
- Import files from disparate systems with formatting issues without requiring the client to reengineer their extraction process
Duplicate Payment Prevention
Identify probable duplicate payments with the CFG Recovery Audit suite before they go out the door. Deploy personalized business rules to apply to your data. Then, quickly and easily review the results to begin the recovery process.
Learn more about the CFG Recovery Audit Suite
Contract Compliance Auditing
In today's tightly regulated business environment, ensuring your suppliers and customers remain compliant with the agreed upon contractual terms and conditions is imperative. Failure to have the proper internal control processes in place could result not only in financial loss, but also in regulatory non-compliance and a damaged reputation. This makes our contract compliance audits invaluable to your Enterprise Risk Management (ERM) process, providing insight into control weaknesses and recovering lost profits.
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Unclaimed Property Consulting
Don't risk penalties to include interest on unclaimed property audits. With as many as 54 different unclaimed property laws currently in place within the U.S. alone, becoming and staying compliant with all reporting requirements is daunting. Ultimately, management has the responsibility to sign-off on all contingent liabilities. Trust our unclaimed property consultants to ensure you are, and stay, compliant.
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Master File Analysis
Armed with the Vendor Guardian module, we analyze your vendor master file - checking address fields for completeness and accuracy, utilizing algorithms to analyze similarities in addresses not captured in a straight duplicate search, consolidating vendors into groups for reporting purposes and comparing the vendor master file to the payroll file to identify potentially fictitious vendors, or employees who may also be vendors.
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Debit Balance Management
A standard part of our accounts payable audit, our debit balance management process quickly identifies vendors with debit balances. Then, we assemble a comprehensive documentation package with relevant source documentation, verification from your vendor for their respective debit balances and collect funds owed to you due to the overpayments or under deductions.
Statement Audits
An integral part of our Accounts Payable Recovery Audit, our standalone Statement Audits can contribute more than 60% of the total findings in an Accounts Payable Recovery Audit and produce solid recommendations to close communications gaps.
The truth is, vendors respond better to CPA firms than their customers. Historically, we've successfully obtained critical information from more than 95% of vendors in the top 80% spend.
At the conclusion of the audit, you'll receive a comprehensive report, including:
- A summary of recoveries along with a root cause analysis
- Observations and practical recommendations to strengthen your controls and improve your system's overall effectiveness and efficiency
