The Brown Smith Wallace Advisory Services practice was established in 2002 and has quickly grown to be one of the largest Business and Risk Advisory services practices in the region. The Advisory Services practice has the technical competencies, experience and services mindset necessary to be successful in today’s professional services market.
In addition to serving as an outsourced internal audit provider, we also provide the following services to support a company’s business performance improvement and risk management initiatives and capabilities:
Internal and IT audit and business process risk and controls are the focus and foundation of the Advisory Services practice. Since our inception, we have focused on bringing deep expertise, sophisticated solutions, and a commitment to providing exceptional client service in order to support the growth of the Region’s evolving middle market base. As a result, the Advisory Services Team provides services to over 50 percent of the publicly traded companies and dozens of the largest privately owned businesses, governmental institutions, and not-for profit organizations in the St. Louis area.
Below is a summary depicting the depth and breadth of our client base of our St. Louis-based internal and IT audit Team (FY 2016 Clients).
Our practice has 50+ professionals that focus on the operational, financial and technology business processes, risks, and controls of our clients. We are proud of the team we have built and are certain that our team cannot be matched by other service providers when measuring fees against value provided. The table below provides a summary of our St. Louis based Advisory Services Team, by level. Our staffing model is based upon the assumption that these advisory services require professionals with deep and relevant experience and expertise – which is why 60% of our team is comprised of seniors, supervisors, and managers.
Further, and equally impressive, our Staff/Seniors/Supervisors average 8 years of relevant work experience. Our clients benefit from this experience as this group represent the individuals working in the field on a daily basis with our clients.
Many of our team members are not only CPAs but have other relevant certifications such as Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), Certified Information Systems Auditor (CISA), Lean Six Sigma Black Belt (LSSBB), Certified Information Systems Security Professional (CISS-P), Certified Ethical Hacker (CEH), and Payment Card Industry Data Security Standards Qualified Security Assessor (QSA).
Our internal audits are performed in accordance with professional standards set forth by the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing and Consulting Standards promulgated by the American Institute of Certified Public Accountants (AICPA).
- FINRA Highlights Compliance, Supervisory and Risk Management Focus Areas for Financial Services Firms02.12.2018