Our audit is individualised, cost effective and focused on the client’s area of highest risk – also provides suggestions for improvements in controls, productivity and management information.
The firm carries out internal audits for a number of large companies. It has been our experience that over the years, a number of large companies are increasingly moving towards an environment where the internal audit is being conducted by an external firm of accountants. This practice has gained prevalence because of three important factors:
- The external firm can exercise a far greater degree of independence in conducting the audit.
- An increasing inability of organisations to attract and retain good professionals in the internal audit department.
- The cost of the function of internal audit even in terms of direct cost is usually much less if conducted by an external agency.