With May being designated as International Internal Audit Month by the Institute of Internal Auditors (IIA), CGA CONSULT CPAK joins other stakeholders to bring awareness on internal audit best practices during this period. The Institute of Internal Auditors established this yearly occasion to promote the importance of internal auditing within organizations. Internal audit provides objective assurance and insight on the effectiveness of risk management, internal controls, and governance processes.
We at CGA CONSULT CPAK do recognize the critical contribution internal auditors make in the provision of essential assurance services. Internal auditors play a fundamental role in an organization's success and encourage stakeholders to foster a culture of transparency and accountability. Internal auditing helps organizations achieve strategic, operational, financial, and compliance objectives. It is best positioned to provide assurance when its resource level, competence, and structure are aligned with the organization's strategies and when it follows IIA standards. It can do this best when it is free from undue influence. Internal auditing continues to be a catalyst for positive change and contribute significantly to the long-term success of organizations.
CGA CONSULT CPAK has proceeded to exceed expectations in the arrangement of outsourced internal audit services to our clients. We proceed to embrace an approach that meets the prerequisites of all significant laws while at the same time giving our clients value for their money. We assess the risks, threats, and adequacy of controls and recommend means of mitigating them. We evaluate the design and efficacy of internal controls across various processes, from financial reporting to operational activities. This helps in ensuring the accuracy and reliability of financial information and safeguarding against fraud and errors. We verify adherence to applicable laws, regulations, and ethical codes, helping to avoid the legal and reputational risks associated with non-compliance. On governance, we test the design and effectiveness of governance processes, including board composition, board procedures, and communication channels. We believe this will ensure accountability within the organizational leadership culture.
We have continued to invest heavily in developing our skills, knowledge, and experience in order to be able to conduct comprehensive and effective internal audits. We continue to play a growing role in evaluating organizations sustainability practices and adherence to ESG principles (environment, social, and governance), contributing to responsible and sustainable business practices. We continue to include data analytics and automation tools in our processes, shifting from periodic audits to a more continuous and dynamic approach. As the business landscape evolves, we continue to adapt and embrace other emerging technologies to be able to balance resource constraints while still providing coverage in traditional high-risk areas.
Please feel free to get in touch with us with respect to this service.
