Risk Advisory & Internal Audit
Risk management is a big concern for both audit committees and senior management in corporate internally. Internal audit is an independent management function, which involves a continuous and critical appraisal of the functioning of an entity with a view to suggest improvements thereto and add value to and strengthen the overall governance mechanism of the entity, including the entity’s strategic risk management and internal control system.
Internal Audit helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. With commitment to integrity and accountability, internal auditing provides value to senior management as an objective source of independent advice.
How we can help?
Internal audit functions that provide the greatest value to the CEO are those with a clear understanding of the value they can offer and have a vision to enhance that value. Our methodology for conducting internal audit goes beyond the traditional quality assurance compliance review to identify high impact improvement opportunities.
Our interactive approach and intuitive framework can help you answer these critical questions.
Positioning – Is internal audit strategically positioned within the business to enable it to contribute to business performance?
People – Does internal audit have the right staffing strategy to deliver on the agreed objectives?
Processes – Do internal audit processes enable it to achieve objectives and is the department responsive to changing business needs?
Forensic Audit
Business environment today is volatile, fraud risks on the rise, perpetrators increasingly sophisticated, stakeholder expectations getting higher and regulatory enforcement, heightened. Against this background, vulnerabilities of a variety of fraud, misconduct, money laundering, bribery, kick-back schemes, amongst others, pose a substantial threat to financial, operational, and brand value of any business. It is therefore not an overstatement to say that identifying and mitigating these risks is crucial to a business’s existence.
Our Forensic Audit and Investigation Services is the answer to help you overcome these critical business challenges, effectively. Our team stands solid on experience and subject-matter expertise to provide the right insight, from strategy to execution. We cover the spectrum of investigative and forensic services and take pride in having worked on diverse engagements, cutting sectors. While we tailor our solution to a client’s requirements, the agility, conviction and sensitivity with which we approach any issue is constant.
Our service offerings
- Comprehensive portfolio of forensic services under one roof
- Undertaking complex investigations, providing the right business intelligence, appropriate response plans, from proactive to reactive services
Corporate Governance
Corporate governance refers to a combination of laws, regulations, procedures, implicit rules and voluntary practices which help companies to perform efficiently and maximize long term value for shareholders and at the same time looking after the interests of other stakeholders like buyers, government, society at large, etc. Lenders whether national or international, also look for them for taking exposure in any corporate. It is a function of transparency and fairness in operations and making proper disclosures.
At IPC we can assess your organization's governance processes, measure them against best practice, and ensure they meet the needs of the business. We can also make sure you comply with the rapidly changing country and financial market specific regulations. Senior executives need to ask themselves when they last studied their organization's corporate governance framework and whether they're confident that it's robust and underpinned by integrated, resilient processes. They need to question the effectiveness of the organization's controls and their comfort level in signing off the annual internal controls statement. We can help businesses evaluate the effectiveness of their organization's governance processes, develop solutions to close the gaps and enable change to minimize risks and maximize benefits.
Our service offerings
- Continuing Board or Board Committee Education
- Governance and Risk Oversight
- Assessment of Corporate Governance
- Development of Corporate Governance
Compliance Audit
Corporate governance refers to a combination of laws, regulations, procedures, implicit rules and voluntary practices which help companies to perform efficiently and maximize long term value for shareholders and at the same time looking after the interests of other stakeholders like buyers, government, society at large, etc. Lenders whether national or international, also look for them for taking exposure in any corporate. It is a function of transparency and fairness in operations and making proper disclosures
