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Internal audit and analytics

Internal audits
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes- IIA's definition of audit.

We provide varying levels of internal audit services to fit specific needs of our clients. The following are the different levels of service we offer:

    • Outsourcing of the overall internal audit function
    • Outsourcing certain areas of the internal audit function.
      This would include auditing certain areas of your internal audit program when the current internal audit staff are working on “special projects” or they need to “catch up” in order to keep current with the annual internal audit schedule.
    • Providing audit staff on an “as needed” basis.
      We have professionals that assist in this area when client’s need additional staff to assist with the internal audit program but are not in a position or there is not a need to hire a full-time auditor.
    • Consultation and evaluation of the internal audit process.
      This is an area of opportunity to add value to the internal audit process. We consult with your organization’s internal auditor regarding their annual internal audit risk assessment, internal audit work programs, and annual audit schedule. We provide feedback related to risk assessment and scope of procedures performed with the objective of helping maintain and improve the efficiencies of the internal audit department

DATA analytics:
Data analytics (DA) is the science of examining raw data with the purpose of drawing conclusions about that information. Data analytics is distinguished from data mining by the scope, purpose and focus of the analysis. Data miners sort through huge data sets using sophisticated software to identify undiscovered patterns and establish hidden relationships. Data analytics focuses on inference, the process of deriving a conclusion based solely on what is already known by the researcher.

We provide our client with our team of skilled data analysts, assisting them to draw conclusions from their raw data by way of providing them with the derived useful information.

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