Services

Publicly-traded companies, non-profits and government agencies audit ledgers regularly because errors and fraud often go undetected without them.  The risks are the same in all enterprises.

TraceTech Solutions, LLC provides its clients with fast, efficient, cost-effective ledger audits.  Often our clients’ staffs are even unaware that an audit has taken place.

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Ledger Audits

Unlike financial statement audits, ledger audits examine every ledger record for erroneous, invalid and inappropriate transactions.  TraceTech Solutions’ high-tech methods can uncover both questionable and missing transactions, and verify a ledger’s contents against bank statements, credit card statements, payroll reports and employee lists.

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Recent Successes

Recent TraceTech Solutions audits have uncovered:

• bank accounts that weren’t regularly reconciled; in one instance this enabled a $28,000 fraud to go undetected for nearly six months
• funds that were regularly transferred from an active account to a hidden account;  poor bookkeeping practices, rather than deceit, was the cause
• unauthorized payroll increases over a two-year period
• miscategorized and unauthorized expenses; in one instance our client had paid out nearly $20,000 in unsubstantiated expense claims

In each case, TraceTech Solutions’ findings provided its clients with the information they needed to significantly improve their accounting controls.