An effective audit management system automates and centralizes audit activities, from planning and scheduling to execution and reporting, significantly reducing manual efforts and the risk of errors.
Whether you need help selecting an audit management system or a Governance, Risk and Compliance (GRC) tool or implementing the system, we are here to provide you with the proper selection and implementation of the audit management system.
Strategic Advice: We provide strategic advice and insights to management on various operations, risk management, and governance aspects.
Change Management: We assist in managing organizational change by evaluating the impact of new initiatives, processes, and systems.
Ongoing Advisory Services: Do you need advice on any audit issue, help writing or reviewing audit reports or guide your staff in conducting audits? We are here to help you out. Our goal is to help you succeed.
Internal audit plans are crucial for systematically assessing an organization’s risk management, control, and governance processes, ensuring they align with the strategic objectives and regulatory requirements. We help you develop internal audit plans based on comprehensive internal risk assessments, optimizing resource allocation and enhancing operational efficiency.
Outsourced internal audit services provide organizations with access to specialized expertise, advanced technologies, and cost-effective solutions, enhancing their overall audit capabilities and supporting better risk management and governance practices. We provide comprehensive, fully outsourced internal audit services based on our specialized knowledge and decades of expertise in managing internal audit functions.
In light of the recent changes to the Global Internal Audit Standards, we can help you identify gaps when complying with the new auditing standards and assist in implementing internal auditing practices and processes to align with the auditing standards. We conduct internal and external quality assessments of your internal audit function’s conformance with the Global Internal Audit Standards.
Are you seeking a quality assurance and improvement program (QAIP) for your internal audit function? We can assist you in developing an effective QAIP for your internal audit function.
Internal Audits’ traditional approach to evaluating the effectiveness of risk and internal controls has been retrospective, with the testing of controls usually performed after business activities. However, considering the evolving role of Internal Audit, advancement in technology and the organizational need to respond to changing and emerging risks, there is a need to include ongoing risk and control assessments or continuous assurance using computer-assisted audit techniques (CAATs).
Our team of experts can implement an effective continuous assurance program to help you detect and prevent fraud risks, non-compliance issues, errors and control gaps.
Are you looking to enhance your staff competencies in Internal Audit? We have internal audit experts who can provide tailored internal audit training to address specific needs covering specific topics such as internal audit process, effective audit report writing, global internal auditing standards, information technology audit tools for auditors, cybersecurity, data analytics and fraud prevention, detection and monitoring.
By enhancing the competencies of internal auditors, you can ensure a higher level of audit quality and foster a culture of continuous improvement and accountability. This investment in professional development strengthens your internal audit function and contributes to the overall resilience and effectiveness of the organization’s operations.
ICFR plays an essential role in ensuring the integrity of financial statements, maintaining regulatory compliance, preventing fraud, enhancing operational efficiency, and fostering investor confidence. Organizations prioritizing and maintaining robust ICFR are better positioned to achieve long-term success and stability.
We can help you design, implement, and maintain adequate internal controls over ICFR processes. These services typically include risk assessments, control design and implementation, testing and evaluation of controls, and ongoing monitoring and improvement. By leveraging ICFR services, organizations can ensure compliance with regulatory requirements such as the Sarbanes-Oxley Act (SOX), enhance the accuracy and reliability of their financial statements, prevent and detect fraud, and ultimately strengthen their overall corporate governance.
We provide independent assurance on various business processes to help strengthen the control environment and the effectiveness and efficiency of business processes. We conduct various types of audits, which include internal control audits, value-for-money audits, information technology audits, governance audits, financial audits, compliance audits, integrated audits, cybersecurity assessments, etc.
We use Agile audit methodology, an adaptive and iterative approach to auditing that leverages Agile principles to enhance flexibility, collaboration, and efficiency. Unlike traditional auditing methods, which are often linear and rigid, our Agile audit approach is broken down into smaller, manageable increments called sprints. Our audit team focuses on specific components or processes during each sprint, allowing for continuous feedback and improvements. This iterative process promotes close collaboration with stakeholders, ensures more timely and relevant findings, and facilitates quicker responses to risks or issues as they are identified. By embracing Agile methodologies, our audit team can provide more dynamic, value-driven insights and adapt to changing business environments more effectively.
Are you looking for a part-time or on-demand executive-level audit leadership, or do you need an interim Chief Audit Executive until the role is filled? We can help you provide a fractional Chief Audit Executive with expertise in internal audit, risk management and compliance without the commitment of a full-time position.
Benefits include improved risk management, enhanced compliance, strategic insights, and overall cost savings, making it an attractive option for various industries.
Providing coaching and mentorship services to internal audit staff fosters professional growth, enhances skills, and builds a high-performing audit team. Our mentors can help your staff develop and improve technical expertise, critical thinking, and effective communication skills through personalized guidance and support, essential for conducting thorough and insightful audits. This investment in talent development improves individual performance and strengthens your internal audit function’s overall capability and credibility.
Additionally, mentorship can boost employee morale and retention by creating a supportive environment that encourages continuous learning and career advancement, ultimately leading to more robust risk management and better alignment with organizational objectives.
