Internal Audit Service

The roles of the internal auditors have been evolving over the years from the assurance role that the system and process are working well to the consultative role of how to improve the system and process. Our internal audit activity evaluates risk exposures relating to the organization’s governance, operations and information systems, in relation to:

  • Safeguarding of assets;
  • Reliability and integrity of financial and operational information;
  • Compliance with laws, regulations, and contracts;
  • Effectiveness and efficiency of operations.

Our risk based approach to internal audit entails the following steps:

  • Research – Gathering board range of Information about the entity’s business;
  • Planning – Analysis of the information to determine the priority and objective of the review with management;
  • Providing assurance – Inform management how well the system is working based on our audit;
  • Consultation and Action – Management accept the risk of what they do or agree to implement improvements on those areas where opportunities or deficiencies are identified;
  • 3Follow up – Routine review of the implemented improvements.

Our internal audit professionals also assess other aspects such as ethics and values within the organisation, performance management, communication of risk and control information within the organisation in order to facilitate a good governance process.

Our internal audit team provides a full range of services including assisting to design a strategic plan for internal audit, re-engineering existing departments, providing specialised resources or completely outsourcing the entire internal audit function.