Internal Audits: Break the jinx of tradition for greater mileage

28/11/2016

The activities of internal audit go beyond fraud prevention and detection. The department is a catalyst for improving organisation’s governance, risk management and controls. Irrespective of the nature of operations, internal Audit is key to the success of any company. An effective internal audit is the bedrock of growth and a pillar of support to the executives and Boards. No executive can effectively navigate the water of today’s revolutionised, highly competitive and very demanding business environment in the absence of balanced, reliable and supportive back office. However, in practical term, how objective and independent those saddled with these responsibilities are, will determine the level of their effectiveness, contribution and success.

Check this out! The experienced declining performance, retarding growth, and eroding working capital, in many organizations today, are as a result of their “silent” internal audits departments. Is your organization having an “in-built process flow circuit” that will unavoidably cut, should your system fail to blow whistle when need be?

Our “Internal audit support service” is a platform that affords you the opportunity to incorporate independent and professional hand in the activities of your internal audits operation (across the entire operations or over a vital section or to cover outlet(s)). It is based on the idea of out/co-sourcing internal audit arrangements; breaking the jinx and overcoming the inherent lapses that are associated with traditional all-in-house staff affairs.

The benefits of this operational structure to your organisation and all stakeholders are inexhaustible. It enables you increase effectiveness and capability of your internal audit. The platform affords you the opportunity to reduce your internal audit-related running cost by more than 20%. The presence of our team in the operation process will constrain or hinder unauthorised /dummy transaction from scaling through. The increased efficiency and cost-saving benefits will increase your company’s bottom-line (profit). The ability to effectively have firm grip of, and control over, the activities of your outlets (if any and wherever located) will be enhanced, thereby increasing their contributions to the success of the organisation, etc..

Giving this era of fast evolving information technology, shrinking global market, intense market competition and increasing cost of operation, the need for a strengthened and more efficient internal audit cannot be over-emphasized. We hope you would take a step..

Looking forward to discussing with you shortly.