The internal audit is an independent function of exploration and evaluation of the activities of one organization. Its purpose is to assist for the completion of the three main purposes of each organization: effective and efficient activity, correct financial reporting, and compliance with the applicable regulatory basis. The internal audit is one type of control used by the management of the entity. Simultaneously, it plays a special role - it helps to evaluate and measure the other controls. Therefore, the internal auditor must understand their own control function, as well as the nature and the scope of the other control procedures.
In order to optimize the efficiency and the value of the internal audit function, we will examine in depth the goals of Your organization, the specific risks, related to Your business; Your priorities with regard to the risk management; all peculiarities of the legal and economic environment; the needs of all interested parties (shareholders, management, employees, etc.) In this way, we will offer you customized solutions which will significantly improve the internal audit function in Your organization.
In relation with the improvement of the internal audit function we can consult and assist you in the process of development of internal audit risk management procedures methodologies; and with the education of the internal auditors. In addition, we will analyze the company's needs of internal audit department and will offer the optimal way for this function to be performed - in accordance with the specific needs this function could be performed by an internal department or be outsourced.