Internal Audit & Management Control Services
Independent, risk-based internal audit that tests how your controls actually work, identifies gaps and fraud risk, and gives management and the board practical recommendations they can implement.
What is included
How we can help
01Internal Audit Services
- Development of internal audit charter, plan, and scope
- Risk-based internal audit of operational, financial, and compliance areas
- Evaluation of internal controls and process effectiveness
- Factory-level audit (production, inventory, procurement, HR, and compliance)
- Review of policies, procedures, and control mechanisms
- Special audit assignments (fraud, loss, or irregularity investigation)
- Follow-up audits and implementation review of audit recommendations
02Management Control & Risk Assessment
- Design and implementation of internal control systems (ICS)
- Identification, assessment, and mitigation of key business risks
- Development of Standard Operating Procedures (SOPs)
- Control testing and gap analysis for core business processes
- Compliance with COSO and ISO internal control frameworks
- Risk register development and reporting to management or board
03Financial & Operational Audit
- Verification of accounting records and reconciliations
- Audit of procurement, inventory, and payment processes
- Review of cost control and budgetary discipline
- Evaluation of financial statement accuracy and completeness
- Payroll, HR, and administrative expense audit
- Audit of production efficiency, wastage, and capacity utilization
04Compliance & Regulatory Audit
- Compliance review with company policies, labor laws, and local regulations
- VAT, tax, and customs compliance audit
- Environmental and safety compliance verification
- Export and import documentation audit
- Supplier audit and vendor compliance assessment
- Code of Conduct (CoC) and social compliance audit for manufacturing firms
05IT & System Audit
- Review of ERP, accounting, and HR system controls
- Assessment of data accuracy, access control, and cybersecurity framework
- Audit trail and system log verification
- IT risk assessment and recommendation for system improvement
06Management Audit & Performance Evaluation
- Assessment of management efficiency and decision-making process
- Review of organizational structure and accountability
- Evaluation of KPI achievement and departmental performance
- Productivity and cost-effectiveness analysis
- Management dashboard reporting for control improvement
07Forensic Audit & Investigation
- Fraud risk assessment and detection audit
- Investigation of financial irregularities and misappropriation
- Transaction tracing and document verification
- Support for disciplinary and legal proceedings
- Implementation of anti-fraud control measures
08Audit Advisory & Outsourcing
- Outsourced internal audit function setup
- Assistance in establishing an in-house internal audit department
- Training and capacity development for internal audit teams
- Audit committee advisory and board reporting support
- Development of audit manuals, templates, and reporting tools
Ready to strengthen your financial foundation?
Talk to our partners about accounting, tax, audit, HR or corporate matters. We will tailor an engagement to your needs.