Internal Audit

Overview

According to the Definition of Internal Auditing in The IIA’s International Professional Practices Framework (IPPF), internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.

Internal audit and reviews are vital to improving business execution in all ventures and can encourage the accomplishment of numerous different objectives.

IMCA offers following services for your internal audit fucntions:

  • Advising your management team to develop workable internal controls that enhance the control environment
  • Providing advice on how to implement an effective and secured internal control environment
  • Advising on how to manage core operational risks, especially those related to the reliability of business operations
  • Assisting with linking operational strategies and risk performance measures to business goals
  • Assisting with change management and business awareness processes by helping make the transition from existing practices to more efficient and focused approaches through training of staff in the development of new skills
  • Evaluating the key structures, dynamics and processes required to underpin effective corporate governance

IMCA Internal Audit Solutions

Co-Sourcing

IMCA will partner with your existing internal audit team to provide professional support & training for capacity building when and where it is needed most.

Out-Sourcing

Applying proven, risk-based internal audit methodology, IMCA team will professionally manage the internal audit function in a cost-effective, and efficient manner.

Consulting

At IMCA, we come alongside you and help inject much needed good sense and sound judgement into your business by giving consulting to the management and BOD. Our main focus will be on effectiveness of risk management, internal controls and governance processes.

BOT

Built | Operate | Transfer

IMCA will built & operate your Internal Audit Function, from the start of assignment for a period of six to nine month. During this period, it will establish internal audit function, develop risk based annual audit work plan and professionally train the audit team to ensure internal audit function is independently and effectively operated by the new audit team.