Internal Audit

Internal Audit (IA) is a key partner that helps you manage risks, enhance performance, and achieve your objectives. 

Our IA services are customized to add value to your business operations, based on the Institute of Internal Auditor’s value proposition. We help you learn from the past, improve the present, and prepare for the future. We understand your business activities and use our insights to guide you on where you are, where you want to be, and how to get there. We also help you identify and address any opportunities and threats in your operating environment. 

Our IA services include: 

  • Internal audit outsourcing: We provide comprehensive internal audit services, from strategic analysis and risk assessments to plan development and execution, reporting and issue resolution tracking. We also communicate with the relevant governance bodies on your behalf, as required. 
  • Internal audit co-sourcing: We work with your in-house IA team to deliver the IA strategy, according to your needs at any stage of the IA cycle. We can also provide backup for your IA team members in case of absence, to ensure continuity and timely delivery. 
  • Subject matter expert sourcing/IA expert on call: We provide specialist skills to complement your IA team’s capabilities, depending on the scope and nature of the work. We can work with your IA team or independently, as and when required. 
  • Quality assurance reviews: We conduct external quality assurance reviews (EQAR) or validate your self-assessments, in line with the International Standards for the Professional Practice of Internal Audit (the “Standards”) and the Code of Ethics. We assure your stakeholders of your IA function’s conformance and quality. 
  • Standard-based control reviews: We conduct audits according to specific reporting standards that you follow, such as: 
  • Sarbanes-Oxley Act (SOX) 2002: We assess and test your internal controls over financial reporting and compliance and provide recommendations to improve them. 
  • International Standard on Assurance Engagements (ISAE)/SOC 1: We provide assurance on the design and operating effectiveness of your controls over various subject matters, such as IT systems, data security, and service delivery. 
  • Internal control reviews: We evaluate and test your internal controls over various business processes and functions, such as procurement, sales, inventory, payroll, and human resources. We identify and report any gaps or weaknesses and suggest ways to improve them. 
  • Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) compliance reviews: We provide independent and objective assurance on your AML/CFT program, covering all aspects of your risk assessment, policies, procedures, systems, and controls. We also identify and report any gaps or weaknesses in your AML/CFT program and provide practical and effective recommendations to improve them. 
  • Integrated assurances: We coordinate and align the various assurance activities and providers within your organization, such as IA, external audit, compliance, and risk management. We help you optimize the assurance coverage and avoid duplication or gaps.
  • Enterprise risk assessment: We help you identify and prioritize the key risks that may affect your organization’s ability to achieve its goals. We also help you design and implement effective risk management strategies and frameworks. 
  • Business advisory: We help you improve your business performance and resilience by providing advice and guidance on various issues and challenges, such as strategy formulation, risk assessment, internal control, governance, and ethics. We leverage our internal audit expertise and insights to help you solve problems and seize opportunities.
  • Training – Skills transfer: We provide training and coaching to your IA team and other staff on various topics and skills related to IA, such as risk assessment, audit planning, audit execution, reporting, and follow-up. We help you enhance your IA team’s competence and confidence. 

Our IA services are designed to help you elevate your impact, anticipate risks, and align with your strategy.