Internal Controls

Great managements continuously find ways to improve workflows in their organisation / department / project; and they often look towards internal auditors to do so.

An internal audit is a data-based study into internal processes and internal controls, with a goal to find opportunities for improvement. This meticulous approach can be applied to any department or project, or even to the entire organisation.

Typically, it entails the following:

• Understanding and modelling various processes
• Assessing compliance programs
• Identifying key risk indicators (KRIs), and creating a mechanism to track them
• Discovering abnormalities, and checking for errors and/or frauds
• Unveiling risk management issues
• Create a consolidated risk and controls assurance plan
• Educating stakeholders on risk management

If you'd like out help – write to us or schedule a virtual meeting.