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Audit insights AUDITTECHNOLOGYGROUP
ATG’s Informative E-mail Newsletter
Su mmer2006
Why then, if outside firms are MessAge froM the Cio
maintaining a status quo of innovation, As we set about to establish ATG, the four
founding partners, all of whom have a and that many clients have a capable
minimum of fifteen years in the recovery internal function, does ATG believe audit industry, discussed in great detail
the current state of the industry, services there is growth opportunities?
provided, technology and the needs of
today’s clients. We continually arrived at Answer: Technology, and easy access to information.
the conclusion that the current services
and technology do not meet the evolving ATG understands that democratizing data fundamentally
needs of clients. empowers the audit professional. Data, available to all users in
an easy to access framework, accompanied with exception-based
The typical audit client today, versus that of five and ten years ago, audit tools, allows all knowledge workers to work productively.
has established an internal post audit group to more proactively
implement corrective procedures and systemic changes necessary Without question, ATG has developed the most innovative and
to reduce recoveries from outside providers. One reason for this productive tools to aid our audit professionals to perform recovery
paradigm shift evolved based on the increased recoveries outside audits. We choose an Internet based model for our software audit
audit firms identified as a result of their continued investment in tools. All data resides centrally on our secure servers, behind our
technology in the post audit process. secure firewalls. As an application service provider (ASP), we can
scale to support audits of nearly any size, from a medium sized
Additionally, innovation introduced by the post audit industry seems manufacturer to the largest retailer.
to have leveled off about 2001. There are many possible reasons
for this and makes for interesting discussions and sometimes I look forward to sharing with you, in upcoming editions of this
lively debate. But the fact remains, the products provided by the newsletter, some of the innovative technologies ATG employs
major players in the recovery audit industry stagnated at a time that dramatically improve service-delivery, empowers users, and
when clients became more participatory in the process. Although positions ATG to be at the forefront of technology in our industry.
the typical client is significantly more capable of performing post
audits than just a few years ago, the outside component of the Jeff Shanley
process continues to be substantial. Partner and CIO
Worth A Visit:
Sites that we think might be helpful–or interesting–will appear in this section. In this issue we’d like to tell you about www.zillow.com.
Zillow.com is an online real estate service dedicated to helping you get an edge in real estate by providing you with valuable tools
and information.
PrinCiPAlsour heritAge
Vince Creadon
• Company comprised of former RBA, PRG, LD&A and John Flatley
Established 2003HS&A executives.
Rich Grant
• Founded to address the apparent lack of technological
Acquires HS&A (2001) John Kirkeidechange and delivery of client audit services.
Jack Martin• Principals are seasoned industry executives with over
120 years of combined senior management experience. Bob Pinion
• Each principal has had direct operational responsibilities Rick Taylor
for large audits.
• Technology infrastructure based on 20 years of cutting Cio
Acquires RBA & LDA (1998)edge audit tool development with the industry’s most Jeff Shanley
advanced audit firms.
V.P. Business • Principals have a reputation of delivering quality service,
deVeloPMentsetting high standards and fostering professional
integrity. Andy Schatz
ROBERT BECK & ASSOCIATES Su mmer2006
Question & AnsWersuestion & AnsWers
Is your company large enough to do my audit?Can you give me some references? Some firms list them on
o The principals at ATG have in excess of 120 years of recovery audit their web site?
experience and prior to joining ATG held senior management o Yes, we have references available, as a courtesy to our clients,
positions in the largest firms in our industry. Each has had we prefer to notify the individual client contact and ask their
responsibilities for audit results and client relationships for permission prior to giving out their contact information.
the largest of retailers and commercial clients.
Boutique Company – What does that mean? o The technology employed at our firm is o We are “A highly specialized firm focused cutting edge and far superior to anything else on delivering superior service through that we have seen and is not limited in anyway innovative technology” Our mission is due to the size of our clients’ files or number of to increase client profitability, enhance transactions. operational efficiency, and deliver
exceptional service. o Our CIO has been responsible for tool
development and data preparation for the
How will I know my data will be secure? largest clients with the most demanding data
o Physical Security: Our computer room is needs during last twenty years and is quite
environmentally controlled and secured. comfortable with our ability to deliver in that
Physical access is restricted to only environment.
authorized ATG personnel. Data received
from clients is stored in this room. It seems like most of your clients are from
the retail sector, do you only do retail audits? o Network Security: ATG has installed several How will I know my layers of security-specific hardware and software o We have recently added a commercial division to prevent unauthorized access to our systems and look for that segment to provide significant data will be secure?via either the internet our internal network. growth opportunities.A comprehensive overview of our security
implementation is available upon request.
did You KnoW?
The general rule of thumb within the industry is one million in recoveries for every billion dollars in annual sales, or 0.1% of sales. This
level of recoveries typically applies to well-run companies operation with contemporary accounting systems and controls.
WelCoMe ABoArd: Additionally, Andy was the Managing Director – Germany for
Connolly Consulting Associates where he was responsible for
Andy Schatz the sales, marketing and financial performance of the company’s
VP, Business Development German consulting operations. Prior to entering the Accounts
Payable audit recovery industry, Andy held several senior
Andy recently joined the company as management positions with International companies such as The
Vice President – Business Development Gap, Eddie Bauer, and The Sharper Image.
responsible for the future growth of ATG
in the eastern United States. He has over Andy’s responsibility will include, but not be limited to, calling
nine years of accounts payable recovery on corporate-level executives in the retail and commercial sector
audit experience having worked closely with to sell the benefits of working with The Audit Technology Group.
numerous International multi-billion dollar retail and commercial He is a strong believer in the company’s long-term objective of
clients. Andy is an expert in developing strong client relationships transforming the recovery auditing function into a valued financial
and building long-term strategic partnerships. Possessing both information resource through innovative technology, industry
domestic and international audit experience, Andy brings an added experience and a progressive, honest, and professional corporate
perspective to domestic clients in the form of a multi-cultural best culture.
practice perspective.
Andy – having recently returned from Germany – resides in Atlanta
He most recently served as Director of Business Development with his wife Marsha and their two children.
– Central & Eastern Europe for PRG-Schultz International, Inc.
His responsibilities included overseeing the restructuring of
the company’s Central European sales effort and strengthening
client relationships at the senior management and board levels.
1850 West Winchester RdAndy has an accomplished operational background, serving as
Suite 215Managing Director-Germany, Switzerland, Austria, Czech Republic, Libertyville, IL 60048www.atgaudits.comand Holland. 847-281-8703