What is a financial and process review?
A financial and process review is a focused, independent assessment of your financial records, processes, or internal controls. These reviews are often project-based and help organisations:
- Investigate irregularities or emerging issues
- Identify inefficiencies in areas like payroll, sales recording, debt collection, or stock management
- Evaluate the effectiveness of month-end or year-end close processes
- Gain assurance on internal processes without needing a full audit
We approach every review with the same care and diligence as a formal audit, using data analysis, industry context, and deep experience to deliver insights that matter.
Our Financial Reviews are Efficient and Actionable
Our auditors are proficient in the latest audit software which allows us to easily connect with our client’s systems including financial, inventory, and time sheet tracking technologies in order to run a lot more data analytics.
This data can be presented to help you make powerful decisions and create actionable items for improvement.
Your financial reviews can give you and your business’ leadership a clear picture of your organisation’s condition, compliance status, and the relevant risks you may be facing.
Ever heard the phrase “ you don’t know what you don’t know”? You might not ever see that there is a better way to streamline a process or prevent issues from arising but we’ve been doing financial reviews of companies of all different shapes and sizes long enough that we do know what you don’t know.
You will also receive recommendations on where and how we know you can improve, and while we are not bookkeepers or accountants and cannot legally complete that aspect of your work, we have a vast network of businesses that can do so for any company size, price range and desired experience levels.
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Who can benefit from a financial review?
These reviews are valuable for organisations across all sectors, including corporates, schools, trust account holders, body corporates, and not-for-profits, who want to:
- Pinpoint gaps in controls, processes, or financial workflows
- Investigate a specific issue or area of concern
- Improve operational efficiency or prepare for a future audit
- Gain confidence in their financial practices and reporting
You don’t need to know exactly what the problem is, we’ll help you get to the bottom of it, and work with you to find solutions.
What’s involved in a financial review?
We tailor every financial and process review to your organisation’s structure, operations, and objectives. Our approach includes:
1. Understanding the area of focus
We begin by clarifying your goals, whether you’re experiencing discrepancies, inefficiencies, or want to strengthen a particular financial function.
2. Reviewing your systems and data
Our team examines your records, systems, and controls, often using secure audit software and data analytics to identify trends, anomalies, or opportunities.
3. Delivering practical recommendations
We share clear, actionable insights, explaining what needs improvement and how to get there. We’ll also refer you to trusted specialists if broader accounting or bookkeeping support is needed.
Why choose Allen Audit & Advisory?
We bring the experience and objectivity needed to identify what others might miss, backed by a practical mindset, responsive communication, and a personal, hands-on approach.
Here’s what sets us apart:
- Decades of experience across sectors and business structures
- Partner-led reviews that dive deep into your business
- Independence from accounting services, keeping our advice impartial
- Real-world insights and tailored recommendations, not generic advice
- Flexible delivery, remote or in-person, whatever suits you best
We’re here to help you see what’s working, what’s not, and what can be done to strengthen your processes, before issues escalate or become audit risks.
