Internal Audit and Risk Management
"Companies should have an internal audit function that has the respect and co-operation of both the Board of Directors and Management." – King Report on Corporate Governance
The origins of internal audit lie in management’s constant need for adequate control. As organisations grow and develop, it becomes increasingly difficult for members of management to exercise adequate control over operations single-handedly. As a relatively young profession, internal audit draws strongly on the methodologies of accounting and management consulting, while standing together with risk management, as one of the pillars of sound corporate governance.
An effective internal audit function adds value by offering independent and objective assurance and consulting services to management. At Moore Stephens, the notion of service is paramount. Working together with client management, the firm can provide comfort where controls are operating as intended, but also raise a red flag where processes are not adequate.
THE BENEFITS OF MOORE STEPHENS INTERNAL AUDIT AND RISK MANAGEMENT
- Obtain access to an independent team, with an objective mindset, unaffected by any internal organizational biases
- Obtain access to specialised skills at competitive rates, without having to increase your salary bill
- Receive quality reports on risk and control matters in a clear, concise, and easy-to-read format
- Obtain an assessment of control risk throughout all transaction cycles and activity areas, on a high-risk basis, or in accordance with your specific needs
- Receive ongoing communication from audit to audit, with outstanding issues tracked, and risks re-assessed
- Outsource the administration of your risk management process to us, or merely obtain an assessment of the process, if preferred
- Engage with us for special reviews, ad-hoc investigations, corporate governance review, regulatory assurance, or other reviews where our experience or expertise can be of benefit
Use Moore Stephens for all your internal audit, risk and governance needs.
It makes perfect business sense.
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