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Internal audit is an independent function that can be outsourced to ASB. It focuses on business and risk management processes, evaluates their effectiveness and contributes to their improvement.
The key business processes than can be covered include:revenues, expenditures, fixed assets, payroll and personnel, inventory, treasury.
The key managerial processes than can be covered are: financial management, information systems management, financial closing and reporting.
Benefits to the client:
- Plays a significant role in formally identifying, documenting, assessing and reporting on risk status on management’s behalf.
- Assists management by reviewing, assessing and helping to improve the internal control system.
- Cost saving by improvement of effectiveness of business processes.
- Setting of business control process and formalization of control rules.
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