What are recovery audit services?
With our experienced specialists and our tailored auditing systems,
we identify supplier overpayments resulting from common errors such
as incorrect invoices, duplication of payments, missed discounts,
overlooked allowances, VAT omissions, excessive logistics charges and
many others. Once these overpayments are identified they can be recovered
from the relevant parties.
How is Hutchison Consulting compensated for its work?
We operate solely on a contingency basis and receive a percentage of all monies
recovered from an audit. IF NO FUNDS ARE RECOVERED, WE RECEIVE NO PAYMENT.
How could my company’s accounting systems be losing money?(more)
Isn't a routine internal audit sufficient?
We have found through experience that even the most efficient operating
personnel and IT systems employed within an organisation are still vulnerable
to human error or system limitations. Our audits recover this often neglected
shortfall.
Do all types of companies benefit equally from recovery audit services?
The higher the level of transactions within a business the greater the benefit
recovery auditing can provide, for the simple reason that the greater the
volume of transactions processed the harder it becomes for companies to monitor
and control these transactions. Other factors also contribute to the number of
errors generated, for example a retailer with multiple suppliers each with
different invoice formats and contract arrangements will find it harder to
implement effective controls than a retailer with two suppliers both with the
same contract arrangements and the same invoice layouts.
If you have any other questions then e-mail them to us at info@hutchisonconsulting.co.uk
