We are Corporate Audit Partners

Even with extensive controls and sophisticated accounting software, disbursement errors are the most common cause of profit leaks in companies today.

Accounts payable departments are understaffed and forced to maintain the same workload with less staff. This increases the chances of errors being made when paying thousands of transactions. While 99.9% of invoice transactions in this environment are processed correctly, there are a small amount of transactions which are processed incorrectly by either the accounts payable department or suppliers. Over millions of transactions processed each year, these small errors add up.

Corporate Audit Partners (CAP), through our proprietary software, reviews all payments at a client and identifies potential errors. We do not use sampling techniques. All transactions in the dataset are reviewed either electronically or manually.

Through our robust due diligence process, we validate and document each recovery. In addition CAP follows each claim to it's conclusion and payment, we provide clients with the root cause of each error so they may modify processes to decrease their error rates.

When supplier checks are left un-cashed for various reasons, the suppliers are required to escheat the monies to state or federal agencies. These monies can sit for years in regulatory coffers.

The documentation submitted for this property may be under the company's name, a wrong name, a different name, or a long forgotten subsidiary.

CAP accesses each regulatory body and reviews to see if there is monies due clients which have not been claimed. This is just the beginning of the process. CAP does all the documentation, legwork, and follow up, so that each client receives the amount owed in a timely manner.

Our expertise comes in our understanding of requirements in more than fifty-eight different regulatory bodies. Each state, province, and federal agency has different requirements to prove and validate that monies are due the client.

CAP has recovered millions of unclaimed property dollars for clients in a effective manner with limited client involvement.

Sales and Use tax make up a significant part of a corporate tax burden each year. With frequent changes in tax codes and over 5,000 different state and local taxing jurisdictions, it is difficult for companies to identify many potential tax savings and refund. ​

In addition, the confusion over tax laws forces suppliers to overcharge taxes to companies in an effort to comply vague tax codes.

We are experts in the field of tax codes and regulations. CAP constantly researches tax code changes, legal filings, and other documents to keep up with the ever changing tax laws. Our clients benefit from our continuing research. We have recovered millions for clients in sale and use tax recoveries.

For clients, we research and file all pertinent forms and filings to recovery overpaid sales and use tax. CAP also help clients with the following:

• location incentives
• income tax credits
• work opportunity tax credits
• property tax abatement
• federal tax incentive area credits

Its a known fact that most large organizations significantly overspend for there telecom and data services regardless of their service provider. The contracts and billings provided by the providers are complex, difficult to understand and constantly changing.

"Up to 85% of mid-market enterprise telecom bills are paid in full without being reviewed. . ."

The one of the constant in today's telecom industry is change. The deregulation Act of 1996 spurred hundreds of mergers, partnerships, and divestitures. The emergence of new companies, technologies, and services in an ever consolidating industry has made it difficult to stay abreast with the latest carrier development.

CAP's risk free, contingency-based service improves client profitability by recovering past errors, optimizing services, and identifying opportunities that result in future cost savings. On average, the cost savings and recoveries amount to a bottom line 15% reduction in company telecom costs.

All of CAP's work is done autonomously without placing demands on client resources. Our goal is not to change carriers or interrupt your staff's daily routines.

Client supplier, customer, licensing, and royalty contracts with key business partners are the lifeblood of your business. If terms are unclear or ambiguous, or if the town of compliance is not established at the beginning of the contract, non-compliance, profit leakage and expense creep are highly likely.

Our experience shows that contracts which are not periodically audited can cost companies millions of dollars annually and present unnecessary risk exposure.

Our services are focused on helping clients to answer key questions from executives and stakeholders regarding risks, while concurrently assisting clients to recover lost profits and save expenses.

Through a proprietary approach that marries sophisticated data analysis and technology tools with our significant experience developing and implementing contract compliance solutions, we have innovated and vastly improved the value contract compliance can offer.

What amount of profits is your company "leaking" through ineffective governance and compliance of vendors, customers, licensees, or channel partners?

High-tech companies use a variety of tools to expedite the sales process. Many of these solutions come through distribution channels. Distribution sales represent a dynamic ever-evolving area which present extensive challenges for companies. As sales channels develop, managing transaction accuracy becomes critical to profitability. Companies must devote valuable resources to the pricing validation process. Pricing discrepancies must be traced back to the source. Employees are taken away from normal business activity to investigate claims and respond to bill-back requests.

Our comprehensive review of of distribution sales channels looks for errors and discrepancies in the following:

• Returns/RMA's
• Price Protections
• Stock Rotations
• Broken Cost Shipments
• Ship from Stock and Debit
• Inventory Discrepancies
• Grey Market
• MDF Funds
• Volume Incentive Rebates
• Spiffs and Spas