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A well-designed internal audit function helps dynamic organizations target and manage their risks. Organizations must face evolving strategic, financial, operational, and technological challenges. An effective internal audit function will allow them to know independently and objectively whether internal controls and risk reduction measures are effective.
For the internal audit function to be effective, the organization must have a pool of competent and flexible resources, who are ready to intervene and capable of evaluating and controlling all the risks to which it is exposed today. For this, organizations should:
- Determine whether their internal resources are adapted to the changing nature of their risk profile and the future internal audit plan
- Use best practices and knowledge from different markets and business sectors
- Test their internal audit plan and general risk management framework
- Assemble and support an internal team of experts capable of producing the required level of assurance and knowledge. Customers turn to CAC for these services because not all organizations have the ability and the means to do so.
What CAC can do for you?
Whether you want to outsource the entire internal audit function or only call on a specialist for risk assessments, the team of Internal Audit Companies offers you independent and objective assistance.
The senior, certified and experienced internal auditors will work with you in a collaborative partnership on all components of an internal audit function and will offer you:
- A co-sourced internal audit in which the existing teams are supported by experienced internal auditors and/or subject matter experts
- An outsourced internal audit, offering a complete and high-quality internal audit function
- Ad hoc and independent assessments
- Knowledge transfer through tailor-made training and on-the-job assistance
- Preparation of the internal audit plan
- Audits of the financing of public sector projects to assess the viability of the financial management of said financing
- Advice on setting up and/or transforming the internal audit department
- Internal audit quality reviews
- An advisory service to the audit committee
- It audits to assess the risks specific to related systems and processes
- Conduct GST Audit in Delhi
- A project control service
- Advice on data protection and privacy
- Cybersecurity advises.
An auditor is a professional expert in financial statements, accounting, and control of records, as well as the principles and rules that govern these areas. This individual should not be confused with the accountant appointed by the company because his function is not of drafting, but pure control.
Internal audit can become one of the most effective tools for identifying opportunities for improving business efficiency and, therefore, one of the company’s competitive advantages. An internal audit is a form of control over the work of a business. The procedure is configured in such a way that the owner or manager can determine the performance of specific departments, assess risks, and learn in advance about possible problems in the company’s activities.
An internal auditor, therefore, evaluates whether the keeping of the accounts of a company is in line with the provisions on the matter dictated by the law. It works for companies of various kinds, especially joint-stock companies. The auditor is therefore a professional in the sector, who carries out the auditing of accounts for companies daily.