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BHMJ provides the services of internal audit (ing) by performing assurance & consulting activities. It is designed to evaluate and improve the effectiveness of the entity’s governance, risk management, and internal control processes.

It is designed to add value and improve an organization’s operations. Additionally, it ensures compliance with laws and regulations and helps to maintain accurate and timely financial reporting and data collection.

Scope of Internal Audit

1Activities relating to governance
2Activities relating to Risk Management
3Activities relating to Internal Control

Process

1Identify the scope and objectives of the audit
2Understanding of the business area under review
3Taking note of the current processes
4Documenting phase by reviewing and checking the documents
5Staff phase by reviewing procedures and process control with department staff
6Prepare an official audit report describing the key risks facing the business activities within the scope of the audit
7Review the audit report with the management

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External Auditing

internal audit - BHMJ