Audit Services

Audit Services

Audit & Risk Advisory Services- Capabilities (1 of 5)

  • A- Control Design Assessment and Re-engineering
  • B- Development & implementation of Internal Control Model
  • C- Test of Operative effectiveness of controls
  • D- Create SOPs, Policies & Procedures

Control design Assessment and re-engineering

Global FPO>> evaluates organization’s existing controls to mitigate risk through:

  • Evaluation of As-Is process design/maps
  • Identification of risks and corresponding controls to mitigate such risk
  • Evaluation of effectiveness of overall controls
  • Identification and documentation of control gaps
  • Development of To-Be process control framework

Development & implementation of internal control model

Global FPO>> assess, develop & implement various internal control models including:

  • COSO based
  • SOx based internal control model
  • ICFR based internal control model

Testing of Operative effectiveness of controls

GGlobal FPO>> test operative effectiveness of internal control through:

  • Review and process walkthroughs,
  • Control Testing (SOx & Non-SOx Controls)
  • Other validation activities
  • Identify and document audit issues
  • Discuss & document responses from management teams to resolve audit identified issues
  • Create a sustainable action plan

Create SOPs, policies & procedure

Global FPO>> supports documentation and monitoring of internal control through development of :

  • Standard Operating Practices
  • Organization policies and procedures
  • Desktop level process
  • Control monitoring reports
  • Risks, Control, issue and resolution dashboard
  • RCA & resolution stage report

Audit & Risk Advisory Services- Pricing (2 of 2)