Audit & Assurance Services
Information Systems Audit
Information Systems (IS) Audit or Information Technology (IT) Audit aims at evaluating the effectiveness of an information system’s control and to establish that the integrity of processing, stored or transfer of data is maintained, information systems are safeguarding corporate assets and operating effectively to achieve the organization’s goals or objectives.
In carrying out an effective information systems or technology audit, we adopt a risk based IT audit approach. This provide reasonable assurance that risk management processes are managing IT risks effectively in relation to the organization’s risk appetite.
Some of the IT risk factors we consider before carrying out an audit include: the criticality of information premised on the information security principle – Confidentiality, Integrity and Availability, and also the Materiality, Reputational fallout, Strategic plan support, Fraud, Changes in the IT environment and Outsourced Risks.
Our team of Auditors have over a decade experience, helping organizations in the development of internal audit programs to evaluate information systems effectiveness and readiness per standard requirements. We also perform reviews of application systems, Operating Systems, Databases, Networks and Infrastructures. Other responsibilities includes identifying technology related risks and testing associated general IT controls, to ascertain controls are operating effectively. We have performed reviews on Organization’s IT platforms, Business Continuity, Change Management, Cyber Risk and IT Governance.
Revenue Assurance
Revenue Assurance is a crucial process in telecommunications, finance, and other industries where companies generate revenue from their products or services. It involves the systematic identification, prevention, and recovery of potential revenue leakages and losses to ensure that the company's revenue stream is maximized and protected. The goal of Revenue Assurance is to safeguard the company's financial health and maintain profitability by reducing revenue leakage and optimizing revenue collection processes.
Revenue Assurance is a critical process that ensures companies optimize their revenue streams, reduce revenue leakages, and enhance overall business performance. It involves a comprehensive approach that spans multiple departments and relies on accurate data and robust processes to safeguard a company's financial health.
Financial Statement Audit
A Financial Statement Audit is an independent examination of an organization's financial statements by a qualified external auditor. The primary objective of a financial statement audit is to provide reasonable assurance that the financial statements present a true and fair view of the company's financial position, performance, and cash flows in accordance with the applicable financial reporting framework (such as Generally Accepted Accounting Principles - GAAP or International Financial Reporting Standards - IFRS).
Financial Statement Audit is a thorough and independent examination of an organization's financial statements to ensure they present a true and fair view of its financial performance and position. The audit process involves gathering evidence, evaluating internal controls, and issuing an audit report with the auditor's opinion on the financial statements' reliability.
Regulatory Compliance and Reporting
Regulatory Compliance and Reporting refer to the process of adhering to the laws, regulations, and standards that govern an organization's industry or operations and providing accurate and timely information to regulatory authorities. This is essential for ensuring that companies operate within legal boundaries, meet industry standards, and maintain transparency and accountability.
Regulatory Compliance and Reporting are crucial aspects of business operations, ensuring that organizations operate within legal and ethical boundaries and meet their reporting obligations to relevant authorities. By adhering to regulatory requirements and maintaining transparent and accurate reporting, companies can build trust with stakeholders and demonstrate their commitment to responsible business practices.
Management Systems Certification Audit
A Management Systems Certification Audit, also known as a Certification Audit or Third-Party Audit, is an independent assessment conducted by an accredited certification body to evaluate an organization's management system's compliance with specific international standards. The purpose of this audit is to determine whether the organization's management system conforms to the requirements of the chosen standard(s) and if it is effectively implemented and maintained. The certification process provides external validation of the organization's commitment to meeting international best practices and standards.
The Management Systems Certification Audit provides numerous benefits, including increased credibility and market reputation, enhanced customer confidence, compliance with industry requirements, and continual improvement of business processes. It demonstrates the organization's commitment to quality, safety, environmental responsibility, information security, or other specific aspects covered by the chosen management system standard.
