INTERNAL AUDIT
INTERNAL AUDIT............
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Provides organization with assurance on the actual operations of their activities and processes, rather than just thinking they know how it works, through understanding and verification.
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Identifies problem areas and develops a fact-based action plan to make corrections and improvements.
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Verifies critical areas that must operate flawlessly are in fact doing so.
APPROACH
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Initial client meetings, understanding client expectations.
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Internal audit focus based on processes, risks, and objectives & strategies,
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Planning the audit based on audit focus and management discussion.
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Conducting the audit.
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Reporting audit findings.
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Follow-up
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Re-assessing the internal audit focus annually.
Offerings
INTERNAL AUDIT CO-SOURCING
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Partnering with your audit function.
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Provide the required technical and expert resources.
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The arrangement is decided based on your audit department's strategy.
OUTSOURCING INTERNAL AUDIT FUNCTION
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Complete audit cycle management – planning, execution, reporting, follow-up.
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Coordinate with the management team and discuss audit reports.
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Attend management and board meetings for audit discussions.
DEDICATED RESOURCE FOR YOUR INTERNAL AUDIT FUNCTION
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Provide you with manpower resources for specific time intervals.
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Conduct audits as per your company’s audit methodology.
SPECIFIC AUDIT ASSIGNMENTS
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Support in completing your annual audit plan.
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Conducting/assisting with fraud investigations and/or management requests.
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Performing follow-up audits.
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Training and capacity building.
OTHER INTERNAL AUDIT SUPPORT
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Develop Internal audit manual, procedures, and templates.
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Assistance with SOX internal control testing.
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Designing and documenting internal controls.
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Assistance in coordinating with external auditors and the SOX team.
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Support and guidance in establishing new internal audit functions.