Internal Audit

Internal Audit

  • How confident are you that your controls are aligned to a continually changing recessionary risk profile?
  • Do you have a robust and risk focused system and process framework across your organisation?
  • Does your internal audit deliver the best value within the organisation?

Managing in a downturn

Companies are facing increasing pressures to cut costs and create efficiencies while also trying to drive sustainable performance.

An organisation with controls embedded within its processes and operations is not only compliant with regulations, it is also placed in a better position to leverage new opportunities and deal with challenges more effectively. The organisation can predict deliver performance more reliably and manage its ever-changing
risk landscape with greater speed and certainty.

 

How we can add value to your business

We offer a full range of services designed to enable organisations to improve the performance of their internal audit functions through the following cycle process, in order to maximise their value:

Design
•  Perform risk assessments and develop audit plans to raise the level of internal audit performance
•  Advise on and support audit technology implementations (TeamMate Audit Management System)

Construct
•  Enhance internal audit methodologies and manuals to improve consistency of audit execution and use of best practices
•  Enhance metrics to measure results and drive continuous improvement

Implement
•  Establish new internal audit functions
•  Deliver training to enhance skills of the internal audit staff

Operate
•  Support existing internal audit functions with full outsourcing, co-sourcing or staff loan

Assess
•  Conduct Quality Assessment Reviews and benchmark internal audit best practices
•  Assess audit activities against major risks

 
Additionally, we offer:

  • Evaluation of adequacy and effectiveness of internal control systems
  • Corporate governance reviews
  • Compliance audits according to the Greek laws and regulations
  • Sarbanes-Oxley (SOX) compliance and advisory services
  • Strategic risk assessment and risk assessment workshops
  • Fraud risk assessments and fraud investigations
  • Documentation of company policies and procedures manuals

Processes & Controls Optimisation

Establishing effective internal processes and controls is high on the boardroom’s agenda. Controls Optimisation is our response to the needs of businesses to have the right controls at the right cost. The right controls are those that mitigate risk to the business in an efficient and cost effective way, and are supported by an embedded culture of controls awareness and sustainable monitoring.

Continuous Control Monitoring (CCM)

CCM ensures business processes are operating effectively. Critical control points are identified and automated tests are implemented to determine if controls are working properly. CCM typically involves the automated testing of all transactions within a given business process area, against a suite of controls rules. The process allows management to monitor 100% of transactions. Additionally, CCM provides useful information on a timely basis to support management decision making.

 

We have a team of more than 30 dedicated internal audit professionals who are available to meet with you to discuss your business issues. Their internal audit management capabilities and skills will help formulate solutions that will cover your needs and requirements.