Internal Audit & Risk Assessment
Internal Audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.
Services included are
- Entity wide Risk Assessment.
- Development of Internal Audit Risk Based Audit Plan
- Internal Audit Outsourcing/ Co-Sourcing
- Development of Internal Audit Approach & Methodology:
- Engagement planning.
- Walkthrough process as is.
- Analysis and Assessment of department’s processes and activities.
- Risk assessment.
- Engagement Field Work.
- Evaluation of effectiveness and efficiency of existing controls.
- Assessment of staff compliance to policies and procedures.
- Examination and testing of sample transactions.
- Discussion with process owners.
- Engagement Reporting & Action Plan.