5 Common Pain points of CFO’s related to Internal AuditA
5 Common Pain points of CFO’s related to Internal Audit
- No time investment in understanding the dynamics of company’s business
- Transaction based approach of Internal Auditor vs. CFO’s expectation of system driven approach
- Frequent change in the team members which makes the internal audit a training ground for the interns or trainees of Internal Audit Firm
- Lack of familiarity of audit staff with ERP’s i.e. Oracle, SAP, BAAN, Navision etc. IT orientation is usually missing.
- Competence to cover the organization vide compliance risk is usually missing
Our approach to Internal AuditB
Our approach to Internal Audit
- Consistent investment in our team through regular training and development
- Complete documentation as a proactive approach for next period’s audit
- Project monitoring tool which is shared with client on real time basis to track the progress of Internal Audit
- Focus on assessment of Internal Controls and provide feedback for improvement
Our execution strategyC
Our execution strategy
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