This staffing and professional services risk model focuses on risks to the organization from the environment, process and information perspectives. This tool also includes an auditing business areas to consider when developing an internal audit plan for a staffing and professional services company. This model can be used as a general guide. Organizations should monitor their business operations and customize this tool as appropriate.

Below is a list of audit areas commonly considered for review when developing an internal audit plan for a staffing and professional services company.

• Job Order/Project Setup
• Credit Assessment/Monitoring
• Credit Collection/Bad Debt
• Credit Memo
• Billing
• Accounts Receivable
• Cash Receipts/Applications
• Revenue Recognition
• Sales Contracts
• Royalties
• Transfer Pricing
• Third-Party Alliances
• Intercompany Transfers