Get expert independent assurance on the effectiveness of your frameworks, policies, practices and processes.
Gain absolute assurance with an internal audit.
Internal audits are a valuable risk mitigation strategy. They provide assurance that your organisation’s frameworks, policies, practices and processes are effective, and actively seek out gaps and areas for improvement. This makes it possible to identify and eliminate barriers to success and optimise operational efficiency for greater productivity and cost savings.
For an audit to be effective, it should be conducted by an independent third-party with deep auditing expertise and a broad understanding of best practice auditing methodologies.
The audit process generally includes these stages:
- Information gathering
- Analyses and risk assessment
- Regulatory compliance review
- Validation of findings
- Recommendations for improvement
- Implementation of improvement initiatives
- Follow up and review