The Importance of Internal Audit
As
the investor, you likely acquired the business to either fuel it's
growth or enhance it's profitability, or both. While focusing all your
attention on meeting objectives, you don't have time to
worry about internal controls but a broken system can impact your
future growth and profitability. But what measures are you taking to
protect your investment and safeguard your assets? Vonya Global is
ready to help by
assessing how well management identifies and mitigates risk, evaluating
management effectiveness, and alerting you when business objecties are
at risk.
Why have an internal audit function?
As
described by the Institute of Internal Auditors, an effective
internal audit function outsourced to Vonya Global will provide you
with objective assurance and insight on the effectiveness and
efficiency of governance, risk management, and internal control
processes.*
*
Source: The
Institute of Internal Auditors, Internal Auditing’s Value to
Stakeholders
http://www.theiia.org/theiia/about-the-profession/value-proposition/
ASSURANCE =
Governance,
Risk and Control
Internal auditing provides assurance on the organization’s governance,
risk management, and control processes to help the organization achieve
its strategic, operational, financial and compliance objectives. |
INSIGHT =
Catalyst,
Analyses, and Assessments
Internal auditing is a catalyst for improving an
organization’s effectiveness and efficiency by providing insight and
recommendations based on analyses and assessments of data and business
process. |
OBJECTIVITY =
Integrity, Accountability, and Independence
With commitment to integrity and accountability, internal auditing
provides value to governing bodies and senior management as an
objective source of independent advice.
|
