Unlocking Performance, Unveiling Opportunities

Driving Effectiveness,
Optimizing Performance
with Six Sigma

Performance audit is a systematic and objective examination of an organization’s programs, activities, or functions to assess their efficiency, effectiveness, and economy. It focuses on evaluating the performance of an organization in achieving its goals and objectives and identifying areas for improvement.

The goal of a performance audit is to provide evidence-based insights and recommendations that can help organizations enhance their operations, optimize resource allocation, and improve overall performance. It goes beyond traditional financial audits by examining the outcomes and impacts of programs and assessing whether they align with the organization’s strategic objectives.

Lean Six Sigma is a powerful methodology that focuses on process improvement and waste reduction, leading to increased efficiency, improved quality, and enhanced customer satisfaction. At SevenHills CPA, we offer comprehensive Lean Six Sigma services to help organizations streamline their operations and achieve sustainable excellence.

Equilibrium
Maintaining a delicate balance in numbers and making critical decisions requires confidence, and even the slightest inconsistency can upset this equilibrium.
Business Planning
When crafting a business plan tailored to a specific area, the generation of specific data emerges as the most essential and pivotal approach, enabling meticulous planning and ensuring precise execution.
Confidence
Meeting legal obligations diligently and promptly, in accordance with federal or state laws, brings peace of mind by closing any potential concerns or uncertainties.
Strategy
The availability of timely and accurate information serves as a catalyst for fostering proactive decisions, effectively redirecting attention from reactive responses towards the implementation of proactive measures.
Diverse Perspectives
Developing customized applications that add value to your business and align with your vision, while also enhancing existing applications to meet your company's specific needs and requirements.
Organisations
In a well-defined institution, transparent decision-making processes pave the way for a coherent roadmap that can be readily embraced and executed by all stakeholders involved.

Unlocking Profitability: Maximizing Efficiency in Inventory & Cost of SalesUnveiling Efficiency, Maximizing Profit
Optimizing Inventory and Cost of Sales

Performance Audit for Inventory & Cost of Sales

A performance audit for inventory and cost of sales is a comprehensive assessment of an organization’s inventory management practices and the accuracy of its cost of sales calculations. This audit focuses on evaluating the efficiency, effectiveness, and integrity of inventory controls and processes, as well as the reliability of financial reporting related to inventory and cost of sales. Our procedures involved in an inventory and cost of sales audit include: Cutoff Analysis, Physical Inventory Count, Analytical Procedures, ABC Analysis, Freight Cost Analysis, Finished Goods Cost Analysis, Overhead Analysis, Reconciling Items, and Shipping Invoice Matching.

The primary objectives of a performance audit for inventory and cost of sales are as follows:

Identify Inventory Issues

The audit helps in identifying slow-moving, damaged, and obsolete inventory items that may be tying up valuable resources and affecting profitability.

Fraud and Error Prevention

By conducting an inventory audit, potential fraud and errors in inventory management and reporting can be detected and prevented, ensuring the accuracy of financial statements.

Correct Inventory Status

The audit provides assurance that the reported inventory levels accurately reflect the actual physical inventory on hand, helping organizations make informed decisions regarding stock management.

Accurate Valuation

An inventory audit helps determine the correct value of the inventory by assessing the appropriateness of valuation methods, cost allocations, and accounting treatments.

Gap Identification

The audit assists in identifying gaps in the inventory management system, such as discrepancies in record-keeping, controls, or processes. These gaps can then be addressed to improve overall inventory management efficiency.

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Set Goals
Setting goals is a critical first step in any endeavor, whether it be personal or professional. Goals provide direction, focus, and a clear sense of purpose. We help you define what we want to achieve and create a roadmap to guide our actions and decisions.
Accuracy
Through meticulous data collection, thorough analysis, and robust quality control measures, we deliver accurate information that clients can trust. We pay attention to detail and follow industry best practices to minimize errors and discrepancies, guaranteeing the reliability of the information we deliver.
Contact us
Our team of experts is ready to listen to your challenges and provide tailored solutions that align with your goals. We understand that every company is unique, and we take pride in offering customized services to meet your specific requirements.
From Waste to Value: A Lean Six Sigma Journey

Streamlining Processes, Maximizing Performance:
A Lean Six Sigma Case Study

Case Study with Lean Six Sigma

Our Lean Six Sigma Services are tailored to organizations seeking to streamline their processes and eliminate waste while maintaining the highest levels of quality. We apply the principles of Lean Six Sigma, combining lean methodology and statistical analysis, to identify inefficiencies, reduce variation, and improve overall process performance. Our experienced team assists in process optimization, waste reduction, and enhancing operational excellence, enabling organizations to deliver superior products and services while minimizing costs and maximizing customer satisfaction.

Whether you require a performance audit to assess your organization’s effectiveness or seek to optimize processes through Lean Six Sigma, our dedicated professionals are here to support you in achieving operational excellence and driving sustainable success.

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SEVEN HILLS CPAHeadquarters
Expanding Horizons:
Our International Branches Connect Global Business Networks
OUR LOCATIONSWhere to find us?
https://sevenhillscpa.com/wp-content/uploads/2023/06/img-footer-map3.png
GET IN TOUCHSevenHills CPA Social links
Stay Connected and Informed:
Follow SevenHills CPA for the Latest Updates on Social Media

Copyright by Seven Hills CPA. All rights reserved.

Copyright by Seven Hills CPA. All rights reserved.

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