:: BUSINESS AUDIT
"CyberTech Communications has an enviable and successful track record in assisting our clients to unlock the power and value of their Internal Audit function.
We do not provide generic solutions ... Every client is unique and our solutions are tailored to match each client's corporate governance, business risk and systems of internal control needs." |
Given the rapid changes in operating style, continual restructuring of businesses and the move towards the implementation of best practices, Internal Audit needs to respond to the changing nature of business. This is achieved by repositioning Internal Audit from its traditional role to one of adding value to the management process by assisting the Audit Committee, CEO, CFO and senior management in achieving organisational objectives, critical success factors and mitigating risks. Internal Audit needs to build the value adding role over the top of its capability to provide effective control assurance to senior management and the Audit Committee using modern techniques such as risk management, control self assessment and computerised audit techniques.
Our experience indicates that the traditional Internal Audit approach results in a rather narrow focus and prevents the Internal Audit function from aligning its operations with the organisation’s changing direction. This situation leads to Internal Audit being unable to provide effective control assurance or to add value to the management process.
Strengthening internal audit performance to best practice standards is a complex task and requires specialist assistance. Our approach is geared to developing a practically achievable strategy for each client that delivers high impact results in the short term while maximising the overall benefits of the Internal Audit process in the longer term.
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