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Internal Audit
Services (IAS)
Internal Audit Services (IAS) focus on managing business and
operational risks and identifying operational and profit improvement
opportunities.
Internal auditors no longer perform merely financial and compliance
audits. Business leaders demand that internal audit function continuously
demonstrate that they add value to the organization.
Assurance must be provided to management and the organization's
stakeholders that sound governance is practiced; critical business
issues and risks are being effectively controlled; opportunities
are identified and capitalized upon; and potential losses and fraud
can be prevented - not just detected after the fact.
We offer a wide range of tailored services and products to help
enhance corporate governance, assess business risk, provide assurance
on control effectiveness and support you in achieving your organization's
goals.
Strategic Performance Review of Internal
Audit Function (K'SPRint)
K'SPRint assesses the current performance of an internal audit (IA) department
against management objectives and expectations. It is designed to help provide
the IA department with a risk orientation, broaden the department's focus,
or better align the internal audit function with the organization's goals.
The Institute of Internal Auditors recommends that an internal audit department
undergo a diagnostic assessment/quality assurance review every three years.
In many instances, K'SPRint may be used as the first step in establishing an
internal audit (IA) function, or when Internal Audit assumes the role of internal
audit outsourcing provider.
Comprehensive Business Risk Assessment
(CBRA)
CBRA identifies, quantifies, and prioritizes strategic risks (i.e., risks that
will have the greatest impact on shareholder value). It is an efficient and
effective process for conducting a risk assessment-a top-down approach that
identifies and quantifies the risks that could affect the strategic well
being of an organization. Using CBRA, Internal Audit professionals can help
the organization find the right balance between risk and control by linking
process risk directly back to the organization's objectives.
Strategic Sourcing of Internal
Audit (KMAP)
Cosourcing: When specific assistance is needed (in-country and/or
international), Internal Audit Co/Outsourcing supplements or supports
an organization's internal audit function with select activities.
We deploy dedicated internal audit professionals with appropriate
subject matter and industry knowledge and operational experience
(such as IRM professionals, procurement or channel management professionals,
and others) to lead teams. Outsourcing: Using KPMG's methodology,
technology and staff, we assume responsibility for performing the
internal audit activities of an organization. In addition, KPMG can
establish an internal audit function using internal audit professionals
for an organization that does not have one.
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