This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Internal audit services

Internal Audit

 

We bring the required skills, experience and capacity in co-sourcing with or outsourcing your internal audit function. We draw on our firmwide specialist skills to bring a comprehensive solution to our clients. In addition to providing independent assurance on critical business processes, we strive to be strategic business advisors by focusing on continuous business improvement and assist you to achieve your business objectives.

 

Outsourcing/Co sourcing

Full outsourcing includes the performance of all internal audit activities (including risk assessment, audit planning, performance, communication/ reporting, etc.) on a recurring basis. You may or may not have a Chief Audit Executive or General Auditor.

 

Co sourcing is the performance of ongoing support of the client’s total internal audit efforts.

 

We bring the required skills, experience and capacity to the table in co-sourcing with or outsourcing your internal audit function. We draw on our firmwide specialist skills to bring a comprehensive solution to our clients. In addition to providing independent assurance on critical business processes, we strive to be strategic business advisors by focusing on continuous business improvement and assist you to achieve your business objectives.

 

Quality Assessment Review

The quality assessment is a comprehensive review of the overall effectiveness of an internal audit function including compliance to professional standards, effectiveness and efficiency of function activities, organization, resource and skill capabilities, evaluation of stakeholder needs and fulfilment of those needs, and identification of strengths and improvement opportunities that strategically position the internal audit function for on-going success. These services can be provided to attest and non-attest clients.

 

Risk Assessment

We can provide the performance of, or assistance with, Enterprise Risk Assessment for the purpose of developing an internal audit plan, prioritizing tasks and /or identification of resources and needs.

 

IT Audit

Please refer to a description of our IT audit services.

 

Data Analytics

Please refer to a description of our Data Analytics services.

 

 

Contract Risk and Compliance

CRC services assist companies in understanding their extended enterprise by:

 

  • Identifying, assessing, and monitoring risks within their contracting processes, identifying and addressing key business partner risks, and ascertaining whether the client themselves are efficiently and properly reporting under contracts;
  • Understanding the integrity of controls at business partners, and;
  • Validating business partners’ compliance with monetary and non-monetary aspects of their contracts with our clients.

 

Capital Markets

The Capital Markets practice provides risk management, quantitative, technical accounting, and technology and operations consulting services. This includes implementing new accounting standards, assessing accounting and financial reporting controls, developing and implementing strategic risk management programs, implementing leading practice business processes and controls, and assisting in the selection and implementation of custom and third party technology solutions. Our Global client portfolio includes global financial institutions, regional and national securities exchanges, utilities, multinational oil and gas companies, government entities, and large commercial corporations that are significant users of energy, commodities, or financial products.

 

Regulatory Consulting

Regulatory Consulting includes a broad range of consulting and advisory services to help clients in a variety of highly regulated industries, including FSI, Life Sciences & Health Care, Energy & Utilities and TMT. Regulatory Consulting Professionals have deep subject matter experience regarding the impact that complex laws and regulations have on an organization's control environment and day-to-day operations.

 

We help identify, assess, and upgrade existing financial, operational, and compliance controls and processes, and resolve problems resulting from inadequate controls or management of regulatory risk.

 

Regulatory Effectiveness Testing

We assist with the testing of controls, on which management will explicitly rely for purposes of their assertion as to the effectiveness of internal controls over financial reporting, such as Sarbanes Oxley for USA listed companies.

 

Corporate Social Responsibility

Corporate Social Responsibility services help clients to manage, report, and obtain assurance on the management and reporting of social, ethical, environmental and other extra-financial aspects of an enterprise’s operations. We focus on how such aspects are embedded in your management practices to achieve corporate objectives and respond to stakeholder concerns.

 

Advisory Readiness Services re: Sarbanes Oxley and Similar National Requirements

We assist our clients in their preparations for internal control attestation that is required with Sarbanes Oxley and other National Requirements. In addition, we also help clients with the rationalization and testing of controls, as well as remediation efforts when deficiencies are identified.

 

Internal Audit enabling tools & technologies

Barnowl is designed to give the business executive the confidence and knowledge that unforeseen events or occurrences will not derail the achievement of the strategic and business objectives.

 

Designed as an objectives based, integrated risk management and assurance solution, Barnowl links risks, causes and controls to the strategic and business objectives and in turn allows the controls to be audited. By adopting a pragmatic approach to Risk Management and Internal Audit, Barnowl guides business executives in formalising their approach in the attainment of strategic and business objectives.

 

Whilst the bigger picture view of Barnowl is to give management the assurance that the strategic and business objectives are met by linking the different elements, the solution does not have to be used in this manner. The elements - Risk Management and Internal Audit can stand alone as separate modules and do not have to be linked to each other or to the strategic and business objectives. You could initially implement one module and at a later stage phase in the other module or link any of the other elements. However, the true differentiating value of Barnowl lies in the fact that it does seamlessly integrate the elements and unlocks the true value of Risk Management and Internal Audit.

 

Our professionals can alternatively also assist you with the process of scoping and selecting a tool of your own preference.

Learn More

  • Internal Audit
    Make it your strongest link
Stay connected: