Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. They ensure compliance with laws and regulations and accurate and timely financial reporting and data collection, as well as helping to maintain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit.
Our Internal Audit Services are geared towards evaluating the existing internal control systems and identifying any loopholes. Corrective policies are suggested to cover the gaps and to put in place a framework for the business to be ready to move to the next level. We can help establish and improve internal controls by implementing a system of checks and balances to minimize fraud.
The benefits that will enhance to the client’s management from the internal audit service may include, but not be limited to, the following:
- Sound advice on operations, performance and internal controls
- An assessment of whether the procedures adopted comply with the envisioned policies
- An assessment of whether best practices are being implemented throughout the organization