Payments, receipts
& reconciliations
Review how transactions are authorised, recorded, reconciled, and monitored. Identify gaps in approvals, supporting documents, and separation of duties.
ALGOBRICKS / FINOPS
Internal Audit Services
Look beyond the numbers.
Understand the risk.
Strengthen the business.
Are your controls working as intended? AlgoBricks helps you examine financial and operational processes, identify control gaps, and turn findings into practical improvements.
Defined scope. Evidence-led findings. Actionable recommendations.
FROM FINDINGS TO PRIORITIES
Illustrative example
Not every risk
needs the same response.
Select a sample finding to see how likelihood and impact can guide attention.
IMPACT →
LIKELIHOOD →
FINDING A
Excessive payment access
Review user permissions and separate payment preparation from approval.
Demonstration only. Actual ratings depend on evidence, business context, and agreed assessment criteria.
Financial controls
Operational processes
Risk assessment
Remediation follow-up
WHERE WE CAN HELP
Examine the processes
your business depends on.
We shape the engagement around your concerns, available evidence, and areas of exposure. The scope is agreed before testing begins.
Payments, receipts
Purchasing
& supplier management
Examine supplier setup, purchasing approvals, invoice checks, and payment controls across the procurement cycle.
Sales, billing
& collections
Review the path from agreement to invoice and receipt, including pricing approvals, credit notes, and outstanding balances.
Process
& control reviews
Assess whether agreed procedures are clear, followed, and supported by evidence across selected operational areas.
Permissions
& accountability
Review user access, approval rights, and available activity records within agreed business systems.
Remediation
& follow-up reviews
Track management’s agreed actions and review supporting evidence to assess whether identified gaps have been addressed.
WHAT YOU TAKE AWAY
A finding should
lead somewhere.
A useful report explains what was observed, why it matters, and what management can do next. Recommendations should be specific enough to assign, discuss, and follow up.
- Findings linked to the evidence reviewed
- Risk ratings with an explained rationale
- Practical recommendations
- Management responses and action ownership
- Agreed follow-up arrangements
SAMPLE FINDING / 01
Illustrative
OBSERVATION
The same user can prepare and approve a supplier payment.
WHY IT MATTERS
An incorrect or unauthorised payment could pass without a separate review.
RECOMMENDATION
Separate preparation and approval permissions, with an agreed exception process.
OWNERAssigned by management
TARGET DATEAgreed with management
From an observation to an accountable action.
WHY BRING IN EXTERNAL SUPPORT?
A fresh perspective.
A stronger internal process.
Outsourced support can help you address a defined concern or supplement your internal team. Reporting arrangements and potential conflicts are considered before engagement.
Focus where it matters
Prioritise selected areas of risk rather than treating every process the same.
Define the commitment
Agree an engagement scope and fee without creating a permanent role for every need.
Support your team
Add review capacity while keeping management responsible for decisions and controls.
TECHNOLOGY WITH A CLEAR ROLE
AI-assisted analysis.
Human-led conclusions.
Where appropriate and agreed, analytics and AI can support parts of the review. Their usefulness depends on data quality, access, and the questions being tested.
Organise information
Help structure records and summarise relevant documents.
Surface exceptions
Flag possible duplicates, unusual patterns, or items needing closer attention.
Validate the evidence
A reviewer checks context and source records before reaching a conclusion.
AN EXCEPTION IS A QUESTION—NOT A CONCLUSION.
An AI flag does not establish fraud, error, or non-compliance. We agree permitted data use and review requirements before using third-party tools.
ENGAGEMENT OPTIONS & PRICING
Match the review
to the question you need answered.
Fees depend on scope, locations, systems, data availability, testing depth, and reporting requirements. We confirm the deliverables and fee before work begins.
FOCUSED REVIEW
One defined concern.
Suitable when you want to examine a particular process, control, or area of concern.
Request a proposal
Project-based · Defined scope
- One agreed process or risk area
- Process walkthrough and evidence review
- Testing within agreed coverage
- Findings and recommendations
- Closing discussion
MULTI-PROCESS AUDIT
A wider control picture.
Suitable when several connected processes need to be assessed together.
Request a proposal
Project-based · Agreed audit plan
- Multiple agreed process areas
- Risk-based scope and testing plan
- Control design and operation review
- Consolidated findings report
- Management action-plan discussion
ONGOING SUPPORT
Keep the review moving.
Suitable when you need scheduled reviews, follow-up work, or support for an existing internal team.
Tailored retainer
Recurring · Agreed capacity and schedule
- Prioritised review schedule
- Agreed recurring audit coverage
- Remediation tracking and follow-up
- Periodic reporting and discussions
- Scope reviews as priorities change
| What you need | Focused Review | Multi-Process Audit | Ongoing Support |
|---|---|---|---|
| Coverage | One defined area | Several agreed areas | Scheduled priorities |
| Findings and recommendations | Included | Included | Included per review |
| Management discussion | Closing discussion | Consolidated review | Agreed cadence |
| Remediation retesting | Separately scoped | Separately scoped | As agreed |
| Commercial structure | Project fee | Project fee | Recurring agreement |
Your proposal will specify testing coverage, exclusions, delivery arrangements, fees, and any travel or specialist costs. Internal audit does not replace a statutory external audit.
HOW THE ENGAGEMENT WORKS
Clear expectations.
From scope to follow-up.
We agree access, responsibilities, and reporting arrangements early so your team knows what to expect.
- 01
Scope
Understand concerns, agree objectives, and define the review boundaries.
- 02
Review
Walk through processes and test selected evidence against agreed criteria.
- 03
Discuss
Validate factual observations and discuss recommendations with management.
- 04
Follow through
Issue the report and agree actions, ownership, and any follow-up work.
Across borders.
Grounded in your context.
For businesses in the US, Canada, UK, UAE, and other markets, we assess engagement suitability before acceptance. Relevant requirements, reporting needs, and any qualified local support are agreed for the specific jurisdiction and scope.
BEFORE THE REVIEW BEGINS
Questions worth
asking first.
A clear engagement starts with a shared understanding of what the audit will—and will not—cover.
What does an internal audit examine?
An internal audit can examine selected risks, processes, and controls, including how they are designed and whether they operate as intended. The areas, period, evidence, and testing approach are defined in the engagement scope.
Is internal audit the same as a statutory audit?
No. This service focuses on agreed internal processes, risks, and controls. It does not provide a statutory audit opinion on financial statements or replace an external audit required by law.
Will an audit guarantee that all fraud or errors are found?
No. Findings depend on the scope, testing coverage, available information, and other limitations. Suspicious items may require a separately scoped forensic investigation.
Can you review just one department or process?
Yes. A focused engagement can address a defined area such as payments, purchasing, billing, collections, or user access. We first clarify the concern and the evidence needed.
How long does an engagement take?
Timing depends on scope, locations, process complexity, records, and staff availability. We agree a timetable after scoping and identify dependencies that could affect delivery.
How do you manage objectivity if you also provide bookkeeping?
We assess potential self-review and other conflicts before acceptance. Separate personnel, reporting arrangements, an adjusted scope, or an independent provider may be needed. If conflicts cannot be appropriately addressed, the engagement should not proceed in that form.
How is AI used during the review?
Where agreed, AI may assist with document organisation, summaries, or identifying items for further review. Outputs are checked against source evidence. AI does not make the final audit judgment or establish wrongdoing.
What information will you need?
Depending on scope, we may request policies, process descriptions, transaction records, reconciliations, approval evidence, user-access lists, and discussions with relevant staff. We provide an engagement-specific request list.
Who is responsible for implementing recommendations?
Management decides on and implements corrective actions. We can help clarify recommendations and, where separately agreed, review evidence of completion or retest controls.
Can the review be completed remotely?
Some work can be completed remotely with suitable access and evidence. Physical verification, site observations, or certain operational procedures may require on-site work. The approach is agreed during scoping.
START WITH THE QUESTION
What needs
a closer look?
Let’s define the scope.
Tell us about the process you want reviewed and the outcome you need. We’ll discuss the right starting point before proposing an engagement.