In today’s constantly changing business landscape, risk management is more important than ever. From mitigating the threat of hackers and data breaches to monitoring costs of new construction and maintaining internal controls ‒ managing and optimizing risk has never been so critical. It’s easy for senior management to get bogged down in day-to-day issues or fires that spring up and lose sight of the organization’s strategic goals and objectives.
The Brown Smith Wallace Advisory Team provides a range of internal audit, enterprise risk management, process improvement, information technology, internal control and compliance services, including Sarbanes-Oxley, SOX 404 and COSO framework compliance, to help our clients understand and proactively address business risks that are critical to their success.
Our team, which is one of the largest and most diverse risk groups in the Midwest, consists of professionals dedicated to providing risk-based advisory services. We work with public and private organizations of all sizes and industries.
If you would like to sleep a little easier, or prepare for an upcoming regulatory or external audit, the risk advisory services team at Brown Smith Wallace can develop a manageable solution to fit your needs. Contact Ted Flom to get started today.
We were extremely pleased with our enterprise information security risk assessment performed by Brown Smith Wallace. They identified several different areas that were at risk, and developed the foundation to increase control of our information security. As a result of their expertise, more than 30 policies were rewritten, consolidated or created.
Mike Abbene, V.P./CIO-Retired
Brown Smith Wallace assisted the Archdiocese of St. Louis with an internal audit assessment of guidelines and controls related to electronic financial transactions at parishes made through shared accounting. Their team identified gaps in existing internal control guidelines and made recommendations to improve controls related to electronic transactions, including invoice transmission and processing, electronic check signatures, electronic bank statement reviews, online payments and electronic document retention. The final reported demonstrated a thorough understanding of our organization and its processes. Ultimately, the project resulted in recommendations that make sense based on how we operate and should help tighten controls in the long run once implemented. The knowledge and insight from the Brown Smith Wallace team was valuable, and we are appreciative of their expertise and the final report we received.
Archdiocese of St. Louis
Katie Feise, Internal Audit
Brown Smith Wallace has been instrumental in helping Belden build its internal audit, enterprise risk management, and Sarbanes-Oxley programs. I really appreciate the level of partner involvement and thought leadership and the impact they have had on our company.
Jessica Herr, Director, Financial Planning – former
Brown Smith Wallace has assisted the Internal Audit Section of the City of St. Louis with various construction audit projects. These projects have focused on reviews of contracts, payment applications and change orders. These construction audits have improved internal controls within the city, and have subsequently helped save taxpayer dollars. We value the expertise and personalized service the Brown Smith Wallace team has provided us.
City of St. Louis, Internal Audit Section
Mohammad Adil, Audit Supervisor
J. F. Electric has been a client of Brown Smith Wallace for over 30 years and I can attest to the fact that they provide a measurable difference and have assisted our firm in many aspects of our business. Brown Smith Wallace provides our annual certified financial audits, monthly financial reviews with management, tax strategies and benefits analysis, business risk services, insurance and employee benefits analysis and recommendations, management consulting services as well as other valuable services. The management and support staff of Brown Smith Wallace that we have had the pleasure to have worked with over the past many years, have all been very knowledgeable and experienced in their field of expertise. They consistently exceed our expectations in every way.
J.F. Electric, Incorporated
Greg Fowler, P.E., President and CEO
When you have an operation with as many moving parts as a multi-campus community college, having your finger on the pulse of ongoing activity is critical. Better information increases the likelihood of making the right decision at the right time. The Brown Smith Wallace Advisory Services team assisted the St. Louis Community College District in identifying internal control weaknesses and process inefficiencies which resulted in recommendations to improve both controls and processes in several areas. These areas included control environment, accounts receivable, accounts payable, IT general controls, payroll, purchasing, p-cards, bookstore/auxiliary operations, facilities and the Student Assistance Fund. The expertise of the Brown Smith Wallace professionals made for an efficient assessment that provided St. Louis Community College with a roadmap to improve our processes and make better decisions in the future.
St. Louis Community College
Celeste Metcalf, Former Controller
Since 2011, Brown Smith Wallace has assisted the St. Louis Metropolitan Sewer District (the District) with performing its ongoing internal audit function, which includes procedures to monitor, review, and test the activities of a $4.7 billion system improvement initiative to improve water quality and alleviate wastewater concerns that were identified and addressed by the EPA through a Consent Decree that went into effect in April of 2012. Their team has provided significant expertise in the areas of construction auditing that include engagements addressing construction and design contracts, payment applications, change orders, overhead rates, and safety programs. Their firm's assistance and expertise has greatly helped the District improve and strengthen the processes and controls over this very large system construction and improvement initiative. These efforts have been very effective in assisting Management in their efforts to adequately protect the assets of the District, thereby protecting the interests of the District’s stakeholders, which is vitally important. Brown Smith Wallace is a valuable partner and expert in construction audit services, and the District greatly values the services they have provided.
St. Louis Metropolitan Sewer District
Todd Loretta, Internal Audit Administrator
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