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CORPORATE SERVICES
MANAGEMENT SERVICES ASSURANCE

CSP Personalizes its services in Assurance, Tax, Advisory, Information Technology, Business Solutions, Corporate Finance and Wealth Management to meet each client's specific needs.

Contact Info

  • No 23, Gemunu Mawatha, Attidiya, Dehiwala, Sri Lanka
  • +94 11 272 9629
  • sanjeewa@cspsrilanka.com
  • Office Hrs: Today 9.00am to 6.00pm

Internal Audit

An effective internal audit is concerned with evaluating and improving the effectiveness of risk management, control and governance processes in an organization. Organizations are increasingly leveraging internal audit as a strategic resource, recognizing that internal auditors’ broad and deep perspective of operations, risks and potential opportunities can help inform business decision-making. All organisations are subject to fraud risks and there have been several instances when frauds have disgraced organisations as a whole.

With increased regulatory focus and widespread negative impact of frauds, the managements and senior executives are increasingly concerned about the vulnerability and exposure of their businesses/ organisations to frauds and whether or not they are adequately protected. This emphasizes the need of internal audit in fraud risk management.

An effective internal audit is concerned with evaluating and improving the effectiveness of risk management, control and governance processes in an organization. Organizations are increasingly leveraging internal audit as a strategic resource, recognizing that internal auditors’ broad and deep perspective of operations, risks and potential opportunities can help inform business decision-making. All organisations are subject to fraud risks and there have been several instances when frauds have disgraced organisations as a whole.

With increased regulatory focus and widespread negative impact of frauds, the managements and senior executives are increasingly concerned about the vulnerability and exposure of their businesses/ organisations to frauds and whether or not they are adequately protected. This emphasizes the need of internal audit in fraud risk management.

 

Our audit methodology includes making recommendations for improvement, not just to express numbers and ensure compliances. The recommendations are realistic because we want you to implement them. We also ensure our clients are updated all around the year of accounting, financial and regulatory developments that may impact their business. Working in the capacity of an internal auditor, we provide following services:

  • Risk Assessment and development of risk based audit plan;
  • Evaluating the adequacy of the system of internal controls;
  • Recommend improvements in controls;
  • Assess compliance with policies and procedures and sound business practices;
  • Assess and ensure compliance with legal and contractual obligations.
  • Review operations/programs to ascertain whether results are consistent with established objectives and whether the operations/programs are being carried out as planned.