Internal Audit and Control
Organisations which fail to recognise the importance of such systems expose themselves to the potential failure to achieve business objectives, material errors, losses, fraud, or breaches of laws or regulations. All of these can have a significant impact upon the ability of your organisation to operate successfully.
An effective system of control should respond to those risks identified as critical to the business in the performance of core activities. Once established, this system should play a visible role in the governance framework and should include the support of suitably experienced Non Executive Directors along with the other members of the Board.
Mazars are able to facilitate the design, implementation, monitoring and development of the systems of internal control which are in operation within your organisation. Offering outsourcing, co-sourcing and secondment arrangements, we have the resources and the expertise required to aid in the achievement of your control objectives.
Our expertise covers a range of areas including:
- Corporate Governance reviews
- Risk Management
- Sarbanes Oxley compliance
- Data Management
- Captive Health Checks
- SAP reviews
- Manpower substitution
- Head of Internal Audit secondments
- Solvency II
- Assurance Mapping
- Lloyd’s minimum standards review
- Business Continuity Planning, Disaster Recovery Reviews and Business Impact Analysis
- Process re-engineering
- Coverholder audits
- External Quality Assessments over internal audit
- Service Organisation Control reports (including SSAE16 and ISEA3402)
- AAF01/06 reviews
The potential advantages of working with us include:
- Creating, enhancing, and protecting stakeholder value;
- Aiding in the achievement of competitive advantage by enabling your organisation to be risk focused;
- Increasing your credibility with regulators, customers and providers of finance;
- Provision of more timely and accurate management information for key decision makers; and
- Enabling a more efficient and value-added assurance framework.