The world today is moving towards better systems and controls, where an organization is strong enough to weather the myriad changes of a dynamic environment. The effects of the Sarbanes Oxley Act, passed in the United States of America in 2002 are felt in India too. The global shrinkage of the world has made businesses’ rethink their strategy with a fresh perspective not only on compliances with domestic laws but also with global procedures. A system, processes’ and control review becomes indispensable for every forward-looking entity.
An analysis to assess the costs and benefits to be derived by the organization from such a review should address several factors, including, the structure of the organization, the degree of autonomy of each operating unit, and your organization’s overall culture and management philosophy. An assessment also needs to be made of the control environment within the organization, and the level of awareness of control issues among both management and employees.
The System, process and control review within each organization must increasingly contribute to the achievement of overall corporate objectives while remaining an independent and valued voice.
We will help plan for and resolve all these issues, drawing on our in-depth knowledge of the best practice in structuring and organizing effective reviews.
Internal Audit is an independent, appraisal activity within an organization for the review of accounting, managerial control which functions by measuring and evaluating the effectiveness of other controls. We seek to improve process, efficiency, management effectiveness and internal control in client organizations. We adopt a Process Approach to systematically identify various processes and sub-processes employed within the organization.
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