INTERNAL AUDITS

The objective an internal audit engagement is to provide comfort that a company’s operations are operating according to their design and are aimed to help improve the effectiveness of the risk management, internal control environment, and corporate governance processes.

 

An internal audit differs from an internal control examination in that an internal audit involves a periodic audit of select internal controls and processes with a report detailing the results of testing and operating effectiveness presented to management of the company.

 

Need to Stay Up to Date on Regulatory Changes

 

In a world with constantly changing regulatory standards, there is a need to stay on top of developments and an internal offers unique insights and recommendations based on a thorough and comprehensive set of tests to ensure there are no flaws in the design and operating effectiveness of operations.

Focus on High-Risk Operations

 

We tailor each internal audit engagement to ensure the essential and highest risk operations are covered in relation to the business under review. This might be reflected in additional procedures applied to the cash cycle for a foreign exchange house or more focus on the valuation methodology for investment funds periodically updating their market to market on their portfolio of investment holdings.

 

Regardless of the unique circumstance, we pledge to provide reliable reports on our internal audit findings with expert analytics and advice to ensure the design and operating effectiveness of operations, including the internal controls related to the financial reporting cycle, are performing needed to ensure key risks are minimized to the lowest possible level.

 

Benefits of an Internal Audit

 

  • Minimizing overall business risk;
  • Ensuring no violations of laws and regulations;
  • A future IPO is planned; and
  • May ensure a higher business valuation.

 

Please refer to the Contact Us page for more information.