The establishment of an Audit section in an organization has hitherto been seen as a way of incurring unnecessary costs. The need for internal audits can never be over-emphasized as business activities are becoming more complex.
If you are thinking of creating this function in your organization, we provide development guidance on how to establish the department, hire and train people and ensure a proper framework for the implementation of their functions. In a situation where a company decides to outsource this function, we provide comprehensive, full services based on best practices for risk management and internal controls to such a company. The advantages of this are, that the auditors are more independent and the system is much more cost-effective.
We also help our clients in designing appropriate internal control systems that will ensure the safeguard of their resources. We prepare an accounting manual and procedures which set out detailed step-by-step modalities for carrying out specified tasks within the company as they relate to accounting and management.
With this, the company will have a clear delineation of duties and highlight necessary and crucial interdependencies needed to continue building and maintaining a virile organization.