Internal Audit is conducted to provide independent assurance that an organisation's risk management, governance and internal control processes are operating effectively. It relates to:
⦁ Risk management
⦁ Process improvement
Internal Audit is a tool to help management in introducing Internal Controls and processes to take the requisite steps for risk mitigation exercise. Over a period of time this is becoming an important activity which helps and assists management for carrying out the checks and balances in place to avoid surprises.
Further Internal audit now has a more strategic role. It can create values by identifying enterprise-wide risks, leveraging synergies, monitoring and providing early warning of new risks; and improving processes/ efficiency. AAAG & Co LLP has a team of experts to handle Internal Audits and provides services of highest standard to its clients to achieve more from the business.
A business strategy is the means by which it sets out to achieve its desired ends.
If you have been selected for a business audit, here is what you need to know.
Restructuring your company could restore its viability and improve its liquidity position.