Establishing and Improving Internal Audit Processes and Systems
Grupas' internal audit consultancy service is designed for organizations that will establish internal audit processes for the first time or that wish to increase the effectiveness of their existing structure. It ensures the design of an effective internal audit process and the establishment of a sustainable internal audit system in line with the organization's structure, fields of activity and strategies. The work is carried out with international references such as the COSO internal control framework, the SOX control model and the ISO 19011 internal audit standards as a guide.
The program covers the steps of current situation analysis, definitions of purpose–duties–authorities, establishment of the audit organization, creation of working methods and principles, and the preparation of the Internal Audit Regulation and the Internal Audit Guide. The risk-focused audit plan, reporting, corrective and action plans, and the principles for monitoring results are structured end to end.
Benefits for Companies
- Establishment of a company-specific, applicable internal audit system and corporate infrastructure
- Assessment and improvement of the effectiveness of risk management, internal control and enterprise risk management processes
- An auditable control environment compliant with international standards such as COSO and SOX
- Clarification of duties, authorities and responsibilities; transparency in decision-making and approval processes
- Directing resources to the right areas and increasing efficiency through risk-focused audit planning
- Reduction of recurring errors and losses thanks to the follow-up of findings with action plans
- Permanent, person-independent corporate memory through the internal audit regulation and guide
- Provision of independent, objective assurance to the board of directors and stakeholders
Who Is It Suitable For?
- Companies that will newly establish an internal audit unit
- Organizations that wish to improve their existing internal audit and internal control structure
- Organizations facing institutionalization, growth or increasing audit/compliance obligations
- Board members, CFOs, internal audit and risk managers
You can review the attached PDF for detailed program content. We are ready for enthusiastic collaborations…
