- What is an AP Recovery Audit?
A recovery audit is a comprehensive review of your accounts
payable transactions to insure that no overpayments have been
made.
- How much does an audit cost?
Our recovery audits are done on a contingency basis. Our fee
is an agreed upon percentage of monies that we recover for our
clients. If we recover nothing, you pay nothing.
- What percentage of the recoveries will be paid
in fees?
The fee percentage is negotiable; however, the broader the audit
scope the lower the rate.
- Are recovery audits only useful to retail clients?
Absolutely not! Recovery audits have benefits for all industries.
- Why do I need a recovery audit?
If you are making payments, you need a recovery audit. All clients
vary in the number of claims but no audit has ever resulted
in no claims.
- How experienced are CRG's auditors?
Our professional audit staff averages 10 years of experience
in the recovery audit industry.
- I already have an internal audit department,
do I need someone else?
Yes, internal audit departments will never be able to correct
all overpayments. Capital Recovery Group's auditors have experience
that goes far beyond that of most internal auditors, and with
that experience comes increased results.
- Do all recovery audit firms provide the same
quality audit?
Definitely not. The quality of an audit varies greatly based
on many factors. It can be expected that if the rate is low
so is the quality. Recovery auditing is a finely developed industry
that has few direct connections to traditional accounting; nothing
but recovery audit experience can prepare one for the nuances
of an audit.
- Do you require of space on our site?
Not usually; 90% of our work can be done off-site. We never
"camp out" and take your staff away from your core business.
Any site visits are for the purpose of gathering information
and pre-planned meetings with key individuals.
- What makes Capital Recovery Group different
from it's competitors?
Our competitors view recovery audits as a static commodity that
can be delivered by anyone. At CRG we understand that recovery
auditing is a dynamic art that changes with each client.
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