Spain: Since 2015

Why You Need An Audit

To operate at peak efficiency, companies must constantly monitor expenses and test their internal controls.

Many have found that engaging Broniec Associates is one of the best ways to achieve peak efficiency in their procure-to-pay function.

Our comprehensive accounts payable audit is designed to produce results beyond the obvious. Broniec’s audit teams are formally trained in all overpayment categories, and we dig deeper than other firms across the complete range of overpayment opportunities.

When an AP audit is done right, the most frequently asked question is, “How did you find that?” For most auditors, that is evidence of the thoroughness of their work and a clients’ satisfaction with truly robust results. A basic audit usually doesn’t yield the same results and thus can cost more overall.  Our comprehensive audit teams perform a full audit and deliver the most accurate assessment available.

Companies such as Broniec love the challenge of performing a second audit behind one of their competitors. That’s because we know that, if given the opportunity to execute an audit for a client who has used another firm, our results will yield superior results.

How Our Audits Are Conducted

Broniec Associates is the industry leader in developing cutting-edge technology tools to identify overpayments. Our audit teams execute a 3 step audit for every client, drawing on our 50 years of experience performing accounts payable recovery audits.

First is a thorough analysis using our proprietary AUDITMAX® software. Our audit teams work closely with our staff of IT professionals to produce our AUDITMAX reports, which are designed to highlight those transactions most likely to have been overpaid. We collaborate to ensure 100% accuracy.

Then, we do a thorough review of invoices and related documents. We know that not every overpayment can be identified through an exception report. A substantial portion of the time each of our accounts payable auditors devotes to every client is spent pulling and reviewing actual documents.

And third, a review of the supplier’s statement of account is conducted. At this stage, we review the statement in conjunction with the AUDITMAX reports to identify open credits and erroneous payments.

At the conclusion of every accounts payable audit, we present a final report and management letter in which we explain the types of overpayments that were identified in each category and provide recommendations for how to prevent them going forward, contributing significantly to achieving peak operational efficiency. of your internal processes and the current best practices in Accounts Payable.