Payroll Services

At ProVision Management Consultancy, we specialize in the following key areas for providing Internal Audit services:

– Internal Control Outsourcing / Co-Sourcing
– Internal Control Manual Development
– Internal Control Implementation
– Strategic Performance Reviews
– Gap Analysis
– Accounting Manuals Development
– Inventory and Fixed Assets Verification Assignments
– Pre-Audit Assignments
– Training and Coaching in Internal Auditing

The definition of Internal Audit extends beyond assurance services to include the enhancement of business value and the strengthening of operations and processes. A robust and strategic Internal Audit framework integrates compliance, controls, and advanced risk management with your mission, vision, and stakeholder expectations. This integration can help you establish a new governance and risk paradigm—anticipating issues, boosting effectiveness, eliminating redundancies, and identifying areas for potential performance improvement. Our capabilities enable us to offer flexible, scalable, and sophisticated solutions tailored to your unique needs. The benefits of Internal Audit include:

– Compliance with Laws and Regulations:** Ensuring that the company adheres to statutory industry requirements and regulations.
– System Improvement:** Evaluating the organization’s control environment to suggest opportunities for enhancing the efficiency and effectiveness of systems and processes.
– Improved Financial Reliability and Integrity:** Verifying the accuracy of controls to ensure precise data processing, aiding in financial planning, decision-making, and budgeting.
– Accountability:** Increasing accountability within the organization and improving internal control management.
– Risk Assessment:** Assisting management in identifying, assessing, and measuring risks within business processes, and evaluating their impact and likelihood.

Our team of internal auditors will complete projects based on a thorough understanding and discussions with the Client’s management regarding their expectations from the Internal Audit function. Our internal audit services checklist includes the following key elements:

– Risk Assessment
– Identifying the Risk Appetite of the Organization and Key Risk Indicators (KRIs)
– Internal Audit Plan
– Analytical and Substantive Testing Procedures
– Identifying Control Weaknesses and Recommending Remedial Actions
– Periodic Internal Audit Reports to Top Management
– Follow-ups with Management Action Plans

At ProVision Management Consultancy, we are committed to delivering top-tier internal audit services that empower organizations to achieve sustainable success and operational excellence.