Internal audit is a vital function for any organization, providing assurance on the effectiveness of internal controls, risk management, and governance processes. Our internal audit aim to add value by identifying opportunities for improvement, evaluating risks, and enhancing the overall efficiency and effectiveness of an organization’s operations. Our team of experienced professionals work closely with clients to understand their specific needs and tailor our to provide practical and relevant solutions to meet their objectives.
The auditor involves collecting and analyzing data, testing controls, and verifying information. After completing the fieldwork, the auditor will prepare a report detailing the findings and recommendations for improvement.
Internal audit typically involve a comprehensive review of an organization’s operations, with the objective of providing assurance on the effectiveness of the internal controls, risk management, and governance processes.
Internal Audit Benefits
Improved decision-making
The insights gained from internal audit can help inform strategic decision-making, leading to more informed and effective choices for the organization.
Increased efficiency
Internal audits can help identify areas where processes and procedures can be improved, leading to increased efficiency and cost savings for the organization.
Enhanced compliance
Internal audits can ensure that an organization is meeting all regulatory requirements and industry standards, reducing the risk of penalties and fines.
Objective assessment
Internal auditors provide an objective assessment of an organization's operations, allowing for unbiased feedback and recommendations for improvement.
Improved risk management
Effective internal audits can reduce financial losses, legal issues, and reputational damage to a company by identifying and mitigating risks.
Prevention of fraud
Internal audits can detect fraudulent activities and can help establish processes and controls to prevent future incidents.
Internal Audit Process
Analysis risk
Internal auditor will work with client to define the scope of audit and identify key risks and areas of concern. To assess internal controls and processes of an organization, the auditor will develop a detailed audit plan and schedule.
Evaluating
As part of the fieldwork phase, the auditor will conduct interviews, review documents and records, and perform various tests to assess the effectiveness of the organization's internal controls.
Reporting
Audit results will be presented to the client's management team as a draft report after completion of fieldwork. If weaknesses or deficiencies are identified, the final report will usually include recommendations for improvement.
Follow-up
The Auditor will follow up with client to ensure that recommended actions and internal controls have been implemented effectively. In order to ensure the organization's operations, auditor will maintain open communication with the client throughout the process.
Why choose us
Experience
Our team of professionals has extensive experience in internal auditing, which enables us to identify risks and provide effective solutions to our clients.
Tailored approach
We understand that every organization is unique, and therefore, we tailor our internal audit to meet the specific needs of our clients.
Perspective
As an independent firm, we provide an unbiased perspective to our clients, which helps them in identifying areas for weakness and made improvements.
Technology-driven
We leverage the latest technologies to provide efficient and effective internal audit services.
Value for money
We offer combination of cost and quality at competitive rates, ensuring that our clients get value for their money.
Relationship-driven
We focus on building long-term relationships with our clients, which allows us to provide ongoing support and guidance.
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