There is a misconception that internal audits are necessary and important for only larger organizations but the fact remains that it’s equally necessary for smaller businesses. And the benefits of internal audits always outweigh its cost. MBK Auditing is a prestigious and reputed group. Appreciated for the excellent internal auditing. Our main objective of the internal auditing is to evaluate and improve the effectiveness of the risk management strategy of an organization. The internal auditing conducted by MBK Auditing focuses on the examination of the effectiveness and efficiency of the financial and operational function within an organization.
The internal auditing adds values to the organization. We identify, understand and manage high risk areas within the company. The internal audit conducted by MBK Auditing also ensures the reliability and integrity of financial and operating information. Internal auditing helps the organization to enhance the processes and procedures to meet its objectives an the goals. We also reduce the risk of fraud, bettering the risk management.
Risk assessment: identification and prioritization of areas and processes that require audit focus.
Documentation and process walk throughs: Improving the processes and procedures, particularly related to its implementing system.
Control assessment: Underlining weaknesses against the best industry practices and suggesting improvement opportunities.
Testing: Test performance of the controls to ensure that they’re working as designed.
Reporting: Providing observations with suggestions and recommendations to improve working processes and controls.