Internal Audit Services

Our business began as an Internal Audit consulting service. Our founder, Mr. Richard T. Balog, CPA, CIA, CGFM, DACFE has devoted over 30 years in research, professional development, and conducting audits to ensure the adequacy and effectiveness of organizations' systems of internal control.

We make your Audit Function a Profit Center!

As with all of ARC's products and services, the focus of our Internal Audit Services consultative services is to bring effective “Profit-Enhancement” focused solution to the attainment and maintain of an control environment and structure that truly assists members of your organization achieve their respective business objectives.

Professional Development

We offer a series of custom-tailored "on-site" internal audit training programs specifically designed for today's internal audit professional. Today you need to do more with less. Our programs empower you with the latest skills and techniques to face the demands placed on you by "SOX" and other recent regulations.

Our Internal Audit programs include:

ARC 001 - Framework for Effective Internal Auditing – Internal Audit Level I
ARC 002 - Planning and Conducting the Process Audit: Case Studies in Auditing
ARC 009 - Effective Interviewing and Presentation Skills for Audit and Technical Professionals
ARC 010 - How to Plan and Manage the Internal Audit Project - Internal Auditing Level II
ARC 014 - The Forensic Accounting Course: Developing the Fraud Resistant Company
ARC 017 - The Forensic Auditing Course: How to Identify Fraud in Financial Statements
ARC 009 - Effective Interviewing and Presentation Skills for Audit and Technical Professionals
ARC 301 - Effective Management for New Managers
ARC 302 - Dimensions of Leadership: The Transition from Manager to Leader

All of ARC's Professional Development Programs are registered with NASBA and qualify for CPE credit.

IIA Chapter Services

We are deeply committed to aiding and assisting IIA Chapters in meeting their member's professional development requirements.Our founder, Rick Balog, was formally Manager of Program Development for the Institute of Internal Auditors, located in Altamonte Springs, FL. Under his leadership, the IIA pioneered the training methodology used in many of the programs The IIA offers today. In response to your demands, we offer the following program for IIA Chapters only:

1. Select any of the programs from the more than 25 professional development offerings listed on our Training Categories page and download the Seminar Fact Sheet.
2. Review the modules and then Customize you program any way you like.
3. Contact Mr. Richard T. Balog,CIA, CPA and we will develop your customized program at no charge to you.
4. Our Fixed Fee schedule is very simple:
   1. 1 Day Programs - $3,500.
   2. 2 Day Programs - $5,500.
   3. 3 Day Programs - $7,500.

This fixed fee includes:

1. All Professional Fees
2. All Travel and Living Expenses
3. One Camera-Ready or Electronic Copy of the Course Materials

All you need to provide are:

1. Meeting Facilities
2. AV Support
3. Desired Creature Comforts
4. Copies of Program Materials

We do the rest.

Click here to email Rick Balog or call him direct at 904-268-1148 for your IIA Chapter Professional Development needs. We will work with you to provide the best professional development for your Chapter Membership.

Audit Function Development

We have over 30 years of hands-on experience in the development and focusing of new Internal Audit Functions. We can assist you at any level from total turn-key development to pointing you in the right direction. As a service, please feel free to download any or all of the following tools:

• Sample Internal Audit Charters
  Click Here for Fact Sheet
• Sample Audit Committee Charters
  Click Here for Fact Sheet
• Sample Internal Audit Organization Chart
  Click Here for Fact Sheet
• Sample Internal Audit Policy Statements
  Click Here for Fact Sheet
• Sample Internal Audit Job Descriptions
  Click Here for Fact Sheet
  

We cooperatively work with your new or existing internal audit professionals to increase the quality of their work product, the productivity and efficiency of their audit testing and control evaluation process, and the "Sellability" of the Audit Recommendations contained in the Internal Audit Report to ensure the value provided to your management group, shareholders and stakeholders..

For more information on how we can help your internal audit efforts, please call or email Rick Balog at 904-268-1149

Click Here for Frequently Asked Questions!

The ARC Consulting Group, Inc. is a proud member of the Northeast Florida Better Business Bureau

Our Approach

We jointly endeavor to arrive at workable and integrated solutions to the issues you face today, while never losing sight of the dynamic issues of tomorrow. We work to transfer our know-how and experiences to your staff. Unlike other firms that propose a long-term, capital-draining relationship, we strive to arrive at innovative solutions on a control-based, profit-oriented basis.

We don’t use your organization to train our professional staff.  Every member of our professional staff has more than ten years of direct experience in their respective field of specialization. They are known for their accomplishments as industry leaders, educators, and consultants.  Together, we provide our clients with consultative services that focus on developing solutions that enhance long-term shareholder value. 

Our Internal Audit Services employ a structured Nine-Step Audit Framework, based on the COSO Framework suggested by SOX 404, that ensures a consistent approach to audits and which integrates our "profit-enhancement" focus as an integral aspect of every engagement.  This Framework, developed by ARC, focus on the development of control-based, cost effective solutions that identify and eliminate the root causes of our client’s challenges, not just a “Quick Fix.”  Past successes, range of clients, and longevity in the market stands to prove that our approach continues to result in long-lasting, systemic, solutions to our client's immediate challenge, as well as an effective prevention against future similar challenges.

Our Internal Audit Services

ARC Internal Audit Services address a broad range of challenges associated with the Strategic and Tactical challenges faced by today's Chief Audit Executive. We understand that your audit processes lie at the heart of your audit organization's mission critical environments. Four major groupings of services are offered, comprised of the following service modules:

Alternative Fee Structure Arrangements
At ARC we ensure your success. We prefer performance-based and fixed-price arrangements. We are the experts, let us take the risk. The table below lists the typical types of consulting arrangements ARC offers our clients. All of ARC's active clients receive free unlimited phone support.

Our Nine-Step Methodology ensures that your project will be completed on time, on budget, and yield the desired results.

Our Staff

The professional staff of ARC brings more than 100 years of combined financial, operations, technology, project management, continuous process improvement, and executive management "hands-on" experience. We have successfully helped many organizations who have faced challenges similar to yours.

Every consultant assigned to your engagement will bring in excess of 10 years of hands-on experience in your industry dealing with your issues. Unlike other firms, you don't have to train our professionals. We are the experts. We develop the training programs that others use.

Our Experience

A partial list of our consulting clients includes:

• Fed Ex Corp.
• The American Management Association
• Version Communications, Inc.
• Sony Electronics
• Mitel Corporation
• The American Institute of Certified Public Accountants
• The Institute of Internal Auditors
• Times-Mirror Corporation
• The Federal Deposit Insurance Corporation
• The National Bank of Greece
• Euro-Merchant Bank
• The Inter-American Development Bank
• The National Center for Toxilogical Research
• The Inter-American Development Corporation
• The United States Customs Service
• Bank Administration Institute
• Liberty Mutual Insurance Company
• ABB
• Air Products and Chemicals
• The United States Department of Agriculture - Graduate School
• Saudi-Armco
• The Metropolitan Insurance Company
• NASDAQ.

The nature of our work includes:

• Forensic Audit Services (Click Here for Fact Sheet)
• “Sick Business” Recovery Services (Click Here for Fact Sheet)
• Product Cost System Development Services (Click Here for Fact Sheet)
• Litigation Support
• Sarbanes-Oxley Compliance Audits
• Internal Audit Services
• Management of Decision-support Systems Development Projects
• Development of Activity-Based Cost and Cost Management Systems
• Compliance and Cost Reimbursement Audits