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Renders organizations the much required
Focus on core their competencies, cost cutting and access to world-class Internal Audit services
The departmental functions of an organization encompass various business processes like Purchase to Pay, Production planning to production ware housing, etc. When we segment them as separate departmental activity and neglect to look at them as a sequence of activities that is carried through various departments, we will fail to track the flow as well the interdepartmental coordination essential for the smooth conduct of the process.
Astral's Process Based Internal Audit views Internal Audit with a harmonious perspective. Our approach to Internal Audit is based on process based appraisal and not a departmental based appraisal which tends to present processes as disjoint activities.
| BENEFITS |
- Domain expertise gathered over the last 25 years in Internal Audit enables us to benchmark the process with organizations in the same domain and with organizations that have similar traits.
- Our well tested risk assessment methodology will help you identify those risks that need to be controlled rather than spreading thin, the resources across all processes. This will facilitate quality output.
- Post audit follow-up on action plans will ensure that the action plans formulated are duly implemented.
- Continual support ensures continuous adherence to law, and internal policies and procedures, appraisal of key performance, effective risk management and governance process
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| PROCESS BASED INTERNAL AUDIT |
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| FEATURES |
- Evaluating the effectiveness and efficiency of operations in order to achieve business objectives
- Evaluating the Financial and Information Systems which enables
- Strategic planning
- Decision Making
- Cost efficiency and Cost control
- Compliance of statutory laws and regulations
- Providing a disciplined control environment and mitigation of risks through effective 'policies and procedures audit'
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Internal Audit