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Internal Audit Program And Internal Audit Manual
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Process Design Evaluation
  PROCESS DESIGN EVALUATION
 
 FEATURES
  • PDE can help organization ascertain whether the design of the process for incurring expenditure is adequate enough
    • Thave business friendly yet robust controls
    • Tsharpen risk focus
    • Tuse Information technology tstandardize control
    • For effective monitoring of financial reporting process
    • Tensure proper allocation of cost
  • Astral adopts the best of industry practices for gap analysis and mounts a continuous monitoring mechanism to track the outcome of the exercise.
  • PDE brings in balance between availability of internal control vis-ŕ-vis efficiency and business produce of the process.
“Reduced cost of operations is a resultant of effective utilization of resources wherein the wastage of time, efforts and resources of the organization is kept minimal. This requires careful scrutiny of processes driving the cost and fine tuning them tderive optimal benefits. Nonetheless identifying and bringing in effectiveness inteach process is a challenging task for any organization.”

Astral’s Process Design Evaluation will help you identify major costs, design precise process structure and implement them more effectively.Astral’s PDE begins with the preparation of a detailed list of processes tbe evaluated. The cost involved in the process execution, the robustness and the business produce of the process and procedures like approvals and documentation are studied. These are benchmarked with the best industry standards tidentify gaps. Further we suggest process improvement and monitoring mechanism and facilitate the implementation of accepted process design.

Common burden for organizations is evidencing that controls are working effectively. When management asserts to third party on design and operating effectiveness of internal control, there usually is a need for greater formalization in the control process and certain level of documentation tprovide evidence that controls are working effectively.