There are a lot of factors that go into responding to this question. There are audit, consulting, software, internal resources, and other factors to consider which can easily grow from $30,000 to $200,000 depending on how the effort is accounted for.
We have a small company, how do we segregate Board of Directors from Management, and then, also the Internal Audit function?
Depending on the size of your Company, you could look to another small business owner in a similar situation or trusted advisor to sit on each others board’s and create