Internal Audit
Our internal audit service is designed to provide independent assurance that the companies risk management, governance and internal control processes are operating effectively.
The ability to manage emerging risks effectively is one of the main characteristics differentiating the ‘most effective’ organisations from the rest. The challenges and experiences of the last global economic crisis taught us that managing risk for any business remains a VITAL requirement. Thus, the need to demonstrate probity and efficient management of resources becomes critical. There are four ways an
organisation can deal with identified risks i.e. Accept, Transfer, Avoid or Mitigate.
The key to success lies in realising that risk is not something that should be avoided, more often than not, a risk also can represent an opportunity in disguise. As the adage goes “if it can’t be measured, it definitely can’t be managed”, we assist businesses with services across the challenging spheres of risk management:
- Risk identification and monitoring;
- Internal controls assessment; and
- Audit Committee report preparation and presentation
Where an organization does not have an in-house Internal Audit function, Brendmo Inc will assist in advising on critical business risks, implementation of effective controls and compliance processes, identifying better practices, reducing the cost of operations and realizing improvement opportunities.