Risk areas worth assessing
Exposure varies by activity, structure, and systems; a professional assessment determines what is relevant to your organisation.
Internal Fraud Risk
Risk increases when payment or invoice-approval authority lacks clear limits, independent review, or an appropriate audit trail.
Weak Segregation of Duties
Combining transaction recording, approval, and execution with one person weakens control and makes errors or unusual activity harder to detect.
Non-compliance with Internal Policies
When policies are not reviewed and exceptions are not monitored, deviations may accumulate and increase financial, operational, and regulatory risk.
Financial Data Security Gaps
Poorly controlled access to accounting systems may expose financial data to unauthorised changes or inappropriate disclosure.
Our Internal Audit Services
Internal Control System Assessment
A scoped review of relevant internal-control procedures, such as approval authorities, disbursement limits, invoice verification, and periodic review mechanisms.
We issue a detailed report identifying weaknesses and classifying them by risk level (high/medium/low) with practical recommendations for each point.
Review of Key Operational Processes
Assessment of key operational processes: procurement and payments, sales and collections, payroll and HR management, treasury and cash management.
We identify deviations from approved policies, assess their impact where sufficient information is available, and propose implementable corrective actions.
Fraud Risk Assessment
Systematic analysis of control environment weaknesses that may create fraud opportunities, per the fraud triangle framework (Motive + Opportunity + Rationalization).
We design additional controls tailored to your company's nature and size — not off-the-shelf solutions but procedures designed for your reality.
Information Systems & Access Rights Review
Assessment of controls on accounting information systems: access rights, audit trails, backup procedures, and security of sensitive financial data.
We review whether access aligns with current roles, identify improvement areas, and propose remediation controls within the engagement scope.
Periodic Reports to Board & Audit Committee
Preparation of clear, structured periodic reports for the Board of Directors or Audit Committee, including: key findings, recommendations, remediation plans, and follow-up on previous recommendations.
Reports are designed to be understandable by non-accounting specialists — focusing on the business impact of each risk, not just technical details.
Internal Audit Unit Establishment
Helping companies without an internal audit unit to establish one: designing the organizational structure, drafting the internal audit charter, preparing the annual audit plan, and training the team.
Internal audit may be delivered through an outsourced model where that approach suits the organisation's size and governance needs.