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Email us at info@bizwareplc.com
With increasing globalization, companies are facing intense competition. Hence to survive they continuously need to come up with efficient and effective ways of serving their customers. Better quality at a reduced production cost is one of the key factors for survival in today’s market.
With this urge to continuously innovate processes and serve better, the company is exposed to a broader risk landscape and it is inevitable to address and minimize these risks.
The internal audit function plays a key role in improving risk management, internal controls, and overall governance by enabling stakeholders to gain value-adding insights through an in-depth assessment and analysis of the business processes.
Internal audit is the cornerstone of good governance. It can safeguard a business from potential frauds, operational inefficiencies, non-compliance with laws, and unforeseen adversities.
A 2016 study revealed that 62% of organizations believe auditors will become ‘trusted advisers’ in the coming years.
How we can help
Our Internal Audit professionals adopt a collaborative approach to understand your business processes and perform an in-depth analysis to evaluate their effectiveness. Our services include:
• Recommendations to strengthen corporate governance and improve risk management
• Evaluation of business process and recommendations for improvement
• Assistance in implementation of best practices frameworks such as COSO
• Monitoring the implementation of management strategic actions
FAQs
Your stakeholders will benefit from experienced independent professional evaluations and a review of the quality and effectiveness of the control environment within your organization.
An internal audit is a review of the quality and effectiveness of your business processes. It might give you important insights into your business, however, we suggest you get a free preliminary assessment to get a concrete answer.
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