NewswireToday - /newswire/ -
Tampa, FL, United States, 2009/03/26 - Sunera, LLC unveils the “Sunera Cost Advantage” model to demonstrate how companies can cut internal audit department costs in half.
Cutting expenses and trimming budgets has become the focus of many corporate Chief Financial Officers and Internal Audit departments are in the crosshairs. Following a reduction in the scope of Sarbanes-Oxley testing, executives are looking to accomplish more with less resources and costs. Furthermore, Internal Audit departments are being asked to be part of the solution by launching specialized projects geared at identifying cost and efficiency savings. To address these marketplace expectations, Sunera, a multinational provider of risk and control consulting, has unveiled the “Sunera Cost Advantage” model to reduce costs and provide more specialized resources.
“The Sunera model provides financial and compliance executives with a detailed breakdown of how savings can be realized by out-sourcing or co-sourcing their company’s internal audit department.” said Sunera Principal and Co-founder, Peter Armstrong.
The model, which can be downloaded on Sunera’s website, illustrates the costs and hours of utilization of typical five and ten person Fortune 1000 Internal Audit departments, based on our experience. Furthermore, the model shows how Sunera’s aggressive rate structure, along with its focus on end results, produce a very efficient compliance model. Other key advantages of outsourcing are access to subject matter experts, sharing of industry best practices, and staffing flexibility throughout the peaks and valleys on a typical annual audit cycle.
The information forming the basis of “The Sunera Cost Advantage” model was derived from Sunera’s experience with its Fortune 1000 clientele, it’s Senior Management’s professional experience with current and prior consulting firms. This information was compared with external outsourcing models using Sunera’s competitive consulting rates along with pricing of services by quantity of deliverables.
Sunera (sunera.com) is a leading provider of risk and controls consulting services throughout the United States, Canada and the United Kingdom. Founded by "Big-4" public accounting partners and professionals, Sunera is dedicated to helping organizations achieve and sustain cost-effective corporate governance serving clients in the U.S, Canada and Europe.