International markets are awakening to the need of strategic and tactical planning to attain the business vision and missions by shouldering minimum risk on their part. Risk, if managed effectively, allows organizations more freedom in planning for future expansions. This further give rise to establishment of policies and procedures including setting of risk management framework and internal control in the business.
And there comes a role of internal audit function which is critical for the success of any risk management framework within an organization. The main objective of internal audit is to evaluate whether established policies and procedures are operating effectively to manage and mitigate the risk to an acceptably low level.
Our internal audit team adopts a risk based approach in evaluation of financial systems, internal controls, and regulatory compliance. Our internal audit report also contains recommendations for the client to implement, which are formulated keeping in mind the client’s vision and mission.
We strongly believe in actively following up with the client’s management regarding implementation of the recommendations in the internal audit report.
Our services includes:
- Internal audit function – full outsourcing
- Co-sourcing with the existing internal audit function
- Internal audit transformation
- Information Technology auditing
- Process mapping and process reviews
- Internal controls documentation and testing
- Operational audits
- Quality assurance reviews