Participative IA Services
"Management’s Assurance Partner"
Need for Participative Internal Audit
- Increased Size & Complexity of Business
- Enhanced Compliance Requirements
- Changing Business/ Operating Models
- Intensive Use of IT needed
- Focus on Risk Management & Internal Controls
- An Increasingly Competitive Environment
- Delegation of Authority & Power
Coverage
- Procure to Pay
- Order to Cash
- Production Planning & Operations
- Human Resource Management
- Compliance to laws
- Systems audit
Customization & Prioritization can be developed as per the business requirements. Additional areas can be added.
Why Strateworks
- Practical & implementation approach
- Proven track record of quality
- Multiplied value addition
Differentiators
- Participative approach to achieve highest possible value addition
- Wider Coverage - all areas of organisation
- Effectiveness of cost control & Revenue Enhancement Measures
- Continuous Monitoring of Action Plan for better results
- Experienced team with cross pollination of best practices in the Industry.
Style & Approach
- Planning for Audit
- Understand Business Processes
- Execute field work
- Frame preliminary queries
- Discuss with Business Heads
- Consider responses from Business Heads
- Final Audit Report with Recommendations
- Final Report Review by Audit Committee & Board
- Effective Follow up & Monitoring Focus on system based preventive controls.
Deliverables
- Detailed Reports
- Improved analytics
- More compliant
- Revenue enhancement
- Visible Fraud signals
- System based preventive controls
- Cost optimization
- IT enablement
- Process orientation with continuous improvement
- Written Processes by owners
- IFC compliance
- Effective delegation
- Higher competitiveness
- Risk Enablement