Risk Management/Assurance Services

Internal Audit

Performing Internal Audit – Conducting an independent review of financial and operational processes to assess effectiveness, compliance, and risk management.
Walkthrough Process – Reviewing and documenting key business processes to ensure internal controls are functioning as intended and identifying any gaps or inefficiencies.
Test of Controls – Testing the design and operational effectiveness of internal controls to ensure they prevent or detect errors and fraud within financial reporting.
What Could Go Wrong Procedures – Identifying potential risks or failures in processes that could lead to financial inaccuracies, fraud, or non-compliance, and implementing safeguards.
Substantive Testing Procedures – Performing detailed testing on transactions and balances to confirm the accuracy and validity of financial data presented in the company's statements.
Internal Audit Report Preparation & Actions Follow-Up – Preparing a comprehensive report on audit findings, including identified risks or weaknesses, and following up on corrective actions taken by management.

Preparing Financial Statements – Compiling accurate financial statements in accordance with statutory standards for external audit review.
Documenting & Providing Evidence – Gathering and presenting supporting documents (e.g., invoices, bank statements) requested by external auditors.
Facilitating Auditor Access – Ensuring timely access to necessary financial records, systems, and personnel for a smooth audit process.
Addressing Auditor Queries – Responding to auditors’ questions and clarifying financial transactions, accounting policies, and internal controls.
Supporting Audit Adjustments – Assisting in identifying and implementing corrections or adjustments based on audit findings to ensure compliance.

Internal Control Assessment – Evaluating and documenting internal control processes to ensure they align with the requirements of the Sarbanes-Oxley Act (SOX), particularly in financial reporting.
Risk Assessment & Mitigation – Identifying and assessing financial and operational risks, and implementing controls to mitigate those risks to ensure compliance with SOX regulations.
SOX Documentation & Testing – Documenting SOX controls, performing tests to assess their effectiveness, and ensuring that they are properly operating throughout the organization.
Compliance Reporting & Remediation – Preparing SOX compliance reports, identifying any control deficiencies or non-compliance issues, and working with management to implement corrective actions.
Training & Awareness – Educating staff and stakeholders on SOX requirements, control best practices, and ensuring that internal teams understand and comply with established processes.

Defining & Implementing Segregation of Duties (SoD) Policies – Establishing clear policies to separate key financial functions (e.g., approval, recording, and reconciliation) to reduce the risk of fraud or errors.
Access Control & User Role Management – Ensuring proper access controls are in place by defining user roles and permissions within financial systems, restricting access based on job responsibilities to safeguard sensitive data.
Monitoring & Auditing Access Compliance – Regularly reviewing and auditing user access logs and SoD compliance to detect any violations or potential conflicts of interest, and taking corrective actions when needed.

Analyzing Existing Transfer Pricing Agreements – Reviewing current transfer pricing agreements to ensure they align with local tax laws and international standards, and suggesting improvements for better compliance and efficiency.
Review of Transfer Pricing Calculation – Reviewing and verifying the accuracy of transfer pricing calculations for intercompany transactions, ensuring they reflect arm's length pricing and proper tax treatment.
Year-End Adjustments – Assessing and implementing necessary adjustments at year-end to align intercompany transactions with transfer pricing policies and regulatory requirements.
Transfer Pricing Documentation & Review – Preparing, maintaining, and reviewing transfer pricing documentation to support compliance with tax authority requirements and ensure transparency during audits.

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