Internal Audit Services
Internal audit is an ongoing, objective review of how your business actually operates — how money is handled, how approvals work, how risks are managed and whether procedures are followed in practice. Unlike an external audit, which focuses on the financial statements, internal audit looks at processes and controls throughout the year.
Our internal audit service helps management identify weaknesses, prevent losses and improve efficiency, with clear findings and practical recommendations you can act on.
What Our Internal Audit Service Includes
- Internal control review – Assessment of approval limits, segregation of duties and authorization processes.
- Process reviews – Purchasing, sales and collections, inventory, payroll, petty cash and expense management.
- Risk assessment – Identifying financial, operational and compliance risks.
- Policy & procedure review – Checking that written procedures exist and are followed.
- Fraud-risk indicators – Highlighting unusual transactions and control gaps.
- Audit report & action plan – Findings ranked by risk with recommended corrective actions.
- Follow-up reviews – Confirming that agreed improvements have been implemented.
Our Process
- Scoping – Agree objectives, areas and timing with management.
- Understanding – Walkthroughs of processes and existing controls.
- Testing – Sample-based testing of transactions and controls.
- Reporting – Clear report of findings, risk levels and recommendations.
- Follow-up – Review of implementation progress.
Key Benefits
- Stronger internal controls and accountability
- Reduced risk of errors, waste and fraud
- More efficient processes and cost savings
- Better preparedness for external audits
- Clear visibility for owners and management
Documents We Typically Need
Organization chart, policies and procedures, sample transaction records, approval matrices, bank and cash records, and access to relevant staff for walkthroughs.
Who Needs This Service
Growing companies, multi-branch operations, owner-managed businesses that want independent oversight, and organizations with several staff handling cash, purchasing or inventory.
