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Regular and timely audit of business processes contribute to realising your corporate goals. This is because the proper functioning of these processes helps to achieve specific business objectives that lead to the realisation of corporate goals.
Process Improvements and Internal Control Enhancements
A primary value of internal audit is to help identify innovative ideas and recommend best practices to give your business the competitive edge.
Working with your management team, we help spot opportunities to:
- steer your business towards continuous quality improvement;
- re-engineer your processes to bring about the greatest impact on cost reduction and revenue enhancement;
- identify and plug management control lapses; and
- break barriers between various parts of your business so that they work together more effectively.
Reality Checks
Actual processes, in reality, may differ from planned. Also, what are done may not match with what are needed.
By systematically comparing how reality matches with management assumptions, we help to enhance your business' adaptability to change.
In the course of our work, we help to:
- reduce cumbersome and unclear processes;
- identify process discontinuity due typically to weak management discipline or staff turnover.
Co-sourcing
If you decide to have an in-house audit team, we can help build the capability by going into co-sourcing arrangements. We can help transform your internal audit team to take on a strategic role that aligns with the expectations of shareholder value by:
- building internal audit core competencies;
- transferring knowledge through skills training; and
- hand-holding in pilot projects.
Our Internal Audit Methodology
Our Process Risk Approach is systematic, holistic and assesses risks with the key objective of helping meet your business goals. It focuses on critical process risks and recognises that processes do not operate in isolation. Each audit assignment examines a series of inter-related processes in order to cover a broader risk spectrum.
