Internal Audit Services
Many Businesses will not have in house expertise to appraise their internal controls in order to satisfy corporate governance requirements, protect revenues and assets, optimise costs, and ensure procedures and policies are efficient and effective so as to achieve business objectives.
An experienced Internal Auditor with the knowledge and know how can provide these services to give the assurance that management needs.
Examples of key auditable areas
Bank reconciliations
Accounts payable
Cash controls
Payroll and expenses
Accounts receivable and billing
Telephone and mobiles
Management information and reporting
Revenue protection
IT system controls
Sale processes and recording
Contract management
Procurement process
Delegated authorities
E-commerce controls
Fraud and investigation
Asset management
Cost reviews
Stock control
Debt recovery
The list is not exhaustive and different businesses will have different operations and areas of risk.