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Client Successes.

Supporting Our Client as Their Needs Evolve

Behunin & Associates was initially hired by a global retailer for a relatively straightforward data analysis project with the objective of improving audit effectiveness. Over the next two years, we completed several additional data analysis projects which improved their internal audits. We were also tasked with teaching their audit team how to use the software tool. Through a co-sourcing arrangement, we successfully worked side-by-side with client employees to provide instruction and oversee the performance of data analysis projects performed internally.

The following year, our project scope shifted as demands of the company’s Sarbanes-Oxley (SOX) compliance audit increased, an effort that had been managed solely with their internal team. We worked as an extension of their team to complete the SOX audit and support the needs of the third-party public accounting firm without additional disruptions to the business. Over the course of the next several years, the retailer engaged Behunin & Associates to manage the IT portion of the SOX compliance audit, followed by the business process portion of the SOX work. We utilized our own team members as well as managed our client’s staff, expanding the co-sourcing arrangement. With our team managing SOX compliance efforts, the client was able to free up some of their management and staff to focus on other audit priorities within the company.

Today, Behunin & Associates serves multiple divisions of the company with projects ranging from SOX compliance initiatives, IT audit and business process consulting and assistance with data automation efforts. This approach has allowed the retailer to provide increased levels of assurance to the business despite organic growth and multiple acquisitions.

Case Study

SOX Control Rationalization

Behunin & Associates helped a large manufacturing client streamline its SOX risk and control matrix to improve clarity, reduce duplication, and align controls with actual risk. Our work focused on clarifying control wording, consolidating overlapping items, removing irrelevant controls, classifying controls as key or non-key and improving test procedures. This made control performance and testing more efficient and provided management and auditors with clearer documentation.

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Case Study

Internal Audit Co-sourcing for Testing IT General and Application Controls

Behunin & Associates (B&A) served as an internal audit co-sourced SOX testing partner for a national manufacturer, handling planning, coordination, control testing and documentation, and providing management with regular updates on project status. The integrated team included company internal audit staff and B&A managers and senior auditors. Our approach combined hands-on testing and documentation of application and IT general controls and produced workpapers that could be relied on by the external audit team.

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Case Study

Long-term Co-Sourcing Support for IT General and Application Controls Leading to Broader Internal Audit Support

Behunin & Associates has supported our client’s Internal Audit department for over a decade, delivering recurring IT general control and application-control services that include annual planning, audit program updates, system scoping, and coordination with IT and external auditors. Over time, the engagement has expanded into broader SOX responsibilities and support for reporting to the board.

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Case Study

Enterprise Risk Assessment

Behunin & Associates led an enterprise risk assessment for a national manufacturing client that created a structured risk universe, using interviews and analysis to prioritize the risks that mattered most to management and internal audit.

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Case Study

Control Implementation for New Public Company

Our global healthcare client is a large organization with $8B in revenue that went public two years ago. Their SOX environment is complex and includes more than 50 applications. The company is managing an evolving technology environment in which new applications must meet SOX requirements, and existing systems need stronger controls, clearer documentation, or targeted remediation. Behunin & Associates supports this work by helping the organization identify control gaps, design practical solutions, and document how systems, reports, interfaces, and control activities support financial reporting.

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