What we do for your business
The final scope is set out in the proposal and engagement according to the entity’s needs and requirements.
Understand processes and agree review scope, risk priorities and objectives with management.
Review control design, approval procedures, authorities and segregation of duties.
Test application of procedures on samples of transactions and document findings and evidence.
Assess accounting and operational cycles covered by the engagement, such as purchasing, sales, collections, payments and payroll.
Provide findings, potential implications, recommendations and remediation priorities, with follow-up on corrective actions where agreed.
What we need to get started
Organisation structure, policies, procedures, authority matrix where available, and the processes and risks management wants reviewed.