Routine audits provide governing boards, executive management, and other stakeholders with an assessment of how well an organization is operating.
The Institute of Internal Auditors defines internal auditing as an independent, objective assurance and consulting activity designed to add value to, and improve an organization’s operations. Internal auditing is further stated to help an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
While financial audits focus on providing an opinion related to an organization’s financial position, internal audits focus on organizational processes. For example, internal audits assess the adequacy of an organization’s internal controls or "checks and balances” (including a detailed review of organizational policies and procedures); process effectiveness and efficiencies; compliance with applicable policy and law; etc., all of which can impact an organization’s financial position.
Randle Consulting, LLC was established to provide independent, objective, and value-added internal auditing services to local, state, and federal governments, school districts, colleges, and non-profit organizations.
Patrice Randle is the president of Randle Consulting, LLC. She has approximately thirty-two years of local government experience, having worked in Texas cities (Fort Worth, Arlington, Irving, and Dallas) that operate under a council-manager form of government. Patrice served in a chief audit executive capacity for approximately twenty-four of those thirty-two years.
As chief audit executive at the cities of Fort Worth and Arlington, Patrice had the privilege to be appointed by (and work directly for) three mayors and seven city councils. She also had the privilege to work directly for executive management when starting an internal audit function at the city of Irving. Patrice added quantitative and qualitative value to each city in which she selflessly served.
Throughout her career, Patrice continually made impactful recommendations that resulted in improved operations, increased revenue, and decreased costs, totaling millions of dollars. Patrice’s internal audit experience includes conducting performance and compliance audits of functional areas and programs within the following departments.
Patrice has experience assessing organizational risks, and determining the adequacy of internal controls; providing advisory services during system implementations; conducting investigative audits; and determining whether management has fully implemented prior recommendations.
Patrice’s passion for internal audit is driven by her desire to make business processes better, help governing boards ensure accountability for taxpayer dollars, and teach and coach others. Recognizing the value of her internal audit results, Patrice saw the opportunity to fill the need to provide those same value-added services to other cities, school districts, institutions of higher education, and non-profit organizations that may not have financial resources to staff an internal audit function. As governing boards and executive management continue to recognize the importance of internal auditing, and more demands are placed on internal audit shops, Patrice also saw the need to augment staffing within existing internal audit shops. Patrice, therefore, created an internal audit services consulting firm, Randle Consulting, LLC.
Randle Consulting, LLC is certified by the North Central Texas Regional Certification Agency (NCTRCA) as a Minority Business Enterprise (MBE) and Woman Business Enterprise (WBE).
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