Accounts Payable Recovery & Financial Review Solutions
Every transaction tells part of a larger financial story. Broniec Associates provides independent accounts payable recovery auditing and specialized financial review services to uncover overlooked recoveries, identify discrepancies, and deliver insights that help organizations strengthen financial oversight.
A More Complete View of Accounts Payable
Even well-managed accounts payable operations can have financial discrepancies that remain undetected by routine processes, internal controls, and automated systems.
Duplicate payments, unapplied credits, contractual pricing discrepancies, and overlooked tax recoveries can exist across vendors, systems, and reporting periods. Identifying these opportunities often requires a broader review of transactional history, supporting documentation, and supplier relationships.
Our solutions provide focused, independent examination of these areas, helping organizations recover funds while gaining greater visibility into the conditions contributing to financial leakage.
Looking Beyond Routine AP Controls
Transaction Accuracy
Identify duplicate payments, errors, and overlooked credits across historical activity.
Contract & Supplier Compliance
Examine pricing, terms, allowances, and supplier records for discrepancies.
Tax & Regulatory Exposure
Review relevant tax recovery, reporting, and unclaimed property considerations.
Financial Visibility
Translate audit findings into insights that can inform stronger financial oversight.
Explore Our Solutions
From comprehensive accounts payable recovery audits to targeted financial reviews, our solutions help organizations identify overlooked recoveries, address discrepancies, and gain additional insight into financial operations. Explore each service to learn how it can support your organization's needs.
Comprehensive AP Audit
Examine historical accounts payable transactions to identify duplicate payments, unapplied credits, pricing discrepancies, and other recoverable amounts.
Explore SolutionContract Review
Evaluate supplier agreements, pricing provisions, discounts, and contractual terms to identify discrepancies between negotiated conditions and actual charges.
Explore SolutionVendor Statement Review
Analyze supplier account statements to uncover open credits, unapplied payments, and other outstanding balances that may not be visible in internal AP records.
Explore SolutionSupplier/Vendor Validation
Strengthen vendor master data integrity through independent review and validation of supplier information, helping reduce exposure to errors and potential fraud.
Explore SolutionAccounts Receivable Services
Support the identification and resolution of outstanding receivables, helping organizations improve visibility into unpaid balances and potential recovery opportunities.
Explore Solution1099 Services
Support accurate vendor tax reporting through review of supplier information, payment records, and reporting data to identify discrepancies before filing.
Explore SolutionSales & Use Tax / VAT
Identify potential sales and use tax overpayments, exemptions, and VAT recovery opportunities through specialized review of applicable transactions.
Explore SolutionEscheatment Prevention
Help organizations identify and resolve aged outstanding items before they become reportable unclaimed property, supporting stronger financial oversight.
Explore SolutionUnclaimed Property Recovery
Locate and pursue eligible unclaimed property held by states or other custodians, helping organizations reclaim assets that may have been overlooked.
Explore SolutionFocused Solutions. A Broader Financial Perspective.
Financial discrepancies rarely fit neatly into a single category. A payment error may be connected to a supplier credit, an overlooked contract provision, or a gap in historical transaction records. Our solutions can address specific areas of concern while providing opportunities to examine related financial activity when appropriate.
Identify the Opportunity
A comprehensive AP audit or targeted review examines historical activity to uncover potential overpayments, unapplied credits, pricing errors, and other discrepancies that may warrant further investigation.
Explore Related Areas
Findings may point toward additional opportunities involving supplier statements, contract terms, tax treatment, or vendor records. Related services can provide a more complete examination when those areas fall within the engagement scope.
Apply the Insights
Validated findings and supporting reporting provide visibility into the circumstances behind identified discrepancies, helping finance teams evaluate potential process improvements and strengthen oversight.
One Organization. Multiple Paths to Value.
Not every organization needs every service. Some engagements focus on a single financial concern, while others benefit from a broader combination of reviews. Broniec Associates works with clients to align the scope of each engagement with their operational environment, priorities, and recovery objectives.
Behind each solution is an established approach to audit quality, experienced professionals, analytical technology, and reporting designed to support accurate, well-documented findings.
Explore Our CapabilitiesBuilt Around Your Business
No two organizations operate with identical financial systems, supplier relationships, or internal processes. Our approach accounts for those differences, allowing each review to reflect the realities of the client's operating environment rather than relying on a one-size-fits-all model.
Multiple ERP Environments
Review transactions across different enterprise systems, historical platforms, and data structures to identify discrepancies that may extend beyond individual system boundaries.
Multi-Currency Operations
Address financial activity involving international suppliers, currencies, and exchange rate considerations within the scope of the engagement.
Distributed AP Structures
Accommodate centralized, decentralized, and shared services environments where payment activity, supplier records, and financial oversight may span multiple business units.
Industry-Specific Requirements
Account for the purchasing practices, supplier arrangements, regulatory considerations, and operational demands that differ across industries.
Why Independent Review Still Matters
Automation, ERP controls, and internal financial processes play important roles in managing accounts payable activity. However, these systems and controls are generally designed to process, monitor, and prevent errors within defined workflows. An independent review provides an additional opportunity to examine historical activity, investigate discrepancies, and identify recoveries that may have gone undetected.
Internal Controls & Automation
Internal processes and technology help organizations manage transaction volumes, maintain consistency, and reduce the likelihood of payment errors.
- Apply predefined validation and approval rules to transactions.
- Support timely invoice processing, payment execution, and reconciliation.
- Monitor activity within configured systems and available data.
- Help prevent known errors from entering or moving through established workflows.
- Depend on the completeness, accuracy, and configuration of underlying data and controls.
Independent Recovery Auditing
An independent accounts payable recovery audit complements existing controls by examining historical transactions and supporting records through focused analytical review and auditor investigation.
- Analyze historical payment activity for potential recovery opportunities.
- Investigate unapplied credits, duplicate payments, and other transaction discrepancies.
- Examine supporting documentation, supplier information, and applicable contractual terms.
- Validate potential findings before presenting recoveries for resolution.
- Provide insights into recurring issues and potential control gaps.
Complementing Controls, Not Replacing Them
An independent AP recovery audit does not replace internal audit, established financial controls, or automation. It adds a specialized, retrospective perspective that helps organizations identify what existing processes may not have captured.
The strongest financial oversight combines effective internal processes, reliable technology, and experienced professional judgment. Independent review adds another perspective, helping organizations look beyond transactions processed successfully to understand whether the underlying financial outcome was correct.
Frequently Asked Questions
Understanding the scope and purpose of financial review services can help organizations determine where an independent perspective may add value.
What is an accounts payable recovery audit?
An accounts payable recovery audit is an independent, retrospective examination of historical payment activity and supporting records. Its purpose is to identify and validate recoverable overpayments, duplicate payments, unapplied credits, pricing discrepancies, and other financial errors. Learn more about comprehensive AP audits.
How is an independent AP audit different from internal auditing or automated controls?
Internal controls and automated systems support daily transaction processing, compliance, and error prevention. An independent AP recovery audit complements these functions by examining historical activity for discrepancies that existing processes may not have identified. It combines analytical review, supporting documentation, and professional investigation.
Can organizations select individual financial review services?
Yes. Broniec Associates offers comprehensive accounts payable audits and specialized reviews that can address specific financial concerns. Services may be performed individually or combined within an agreed engagement scope, depending on organizational needs and priorities.
Can Broniec review transactions across multiple ERP systems and business units?
Yes. Broniec has experience reviewing financial activity across multiple ERP platforms, currencies, locations, and organizational structures, including centralized and decentralized accounts payable environments. Data requirements and review procedures are established according to the engagement scope.
What happens after potential recovery opportunities are identified?
Potential findings undergo additional investigation and validation before being presented for resolution. Depending on the service and engagement scope, this may involve reviewing supporting records, confirming discrepancies, and coordinating recovery activity. Findings and reporting can also provide insight into recurring issues and opportunities to strengthen financial oversight. Explore our audit methodology.
Let's Find What's Being Overlooked.
Every organization has its own financial challenges, operational complexities, and opportunities for improvement. An independent perspective can help reveal what routine processes and existing controls may have missed.
Whether you're considering a comprehensive accounts payable recovery audit or exploring a targeted financial review, our team can help you determine the right approach for your organization.
Let's discuss your priorities, existing processes, and where an independent financial review may add value.