Internal Audit

Internal audit’s role and responsibilities has changed dramatically in the last 20 years, evolving from a traditional policeman role, with a charter of protecting assets and corporate policies, to that of an internal consultant, with an enterprise wide vision to enhance shareholder value and improve operations. Internal Audit therefore shifted from its transaction-based compliance role to being more proactive at creating value for the business.

Many organizations are facing stakeholder, investor and/or public uncertainty. Management’s need for timely and reliable business information has never been so critical. The effects of the corporate scandals that destroyed global companies overnight mean that the business leaders have to divert their efforts to corporate governance as well as executing their strategy for achieving business objectives. Senior and Operating Management must therefore be in control of the various processes and operations in the organization. They need to effectively identify areas of potential risk and contend them before they arise. Internal Audit must now become more involved in enterprise wide objectives and risks as well as business process risks and, protect its organization against those risks, improving control systems.

IRC internal audit professionals employ a risk-based approach to internal auditing to help clients improve effectiveness and efficiency of operations. We work closely with our clients to build best practice internal audit processes that become crucial in helping management assess the current situation and strengthen the entire organization in terms of internal controls, improvement opportunities and risk/control awareness. As we believe that soft controls are much more important than hard controls, we help the board and senior management to develop and maintain a control environment that enables a desirable risk/control culture and commitment to ethics and social responsibility.

We cooperate with our clients in every step providing a full range of services such as helping to design a risk based audit plan, transforming internal audit function, providing specialized resources, or completely outsourcing the entire internal audit activity. IRC internal audit professionals have the competence, technology, and experience across a wide spectrum of industries, along with a highly innovative approach that is supported by best practices that makes a unique contribution for helping our clients. Our substantial knowledge of risks and internal controls, broad industry experience, independence and unique methodologies, assures you to receive a service that meets your expectations and needs.

 Our internal audit services include:

Scope of our Services: