Outsourced Internal Audits

Our Services

Our outsourced Internal Audits shall entail:

Focusing on your organization Governance, Risks Management, Internal Controls and Compliances aspects. Provide an independent, objective assurance and consulting activities that is designed to add value and improve your organization methods and processes.

Our Key Focus Areas Shall be:-

  1. Financial Audits – address questions of accounting and reporting of financial transactions, including commitments, authorizations, and receipt and disbursement of funds.
  2. Compliance Audits: – determine the degree of a unit’s adherence to laws, regulations, policies, and procedures.
  3. Information System (IS) Audits: – typically evaluate system input, output, processing controls, backup and recovery plans, system security, and computer facility reviews.
  4. Internal Control Reviews – focuses sufficiency and effectiveness of internal control framework.
  5. Investigative Audits: are performed when appropriate. These audits focus on alleged civil or criminal violations for example Internal theft, white-collar crime, misuse of the institution’s assets, and conflicts of interest.
  6. Follow-Up Audits: They are designed to evaluate corrective action that has been taken on the audit issues reported in the original report.  The purpose of a follow-up audit is to revisit a past audit’s recommendations and management’s action plan to determine if corrective actions were taken and are working, or if situations have changed to warrant different actions.
  7. Coordination of External Audits – These services ensure external auditors or regulators have access to the University staff and resources necessary to conduct their audits.
  8. Fixed assets and Inventory verifications –Involves confirming physical verifications of both assets and inventory and reconciling to the book values.

The Benefits of Outsourcing Internal Audit with Sir Jonathan and Company

Our financial services internal audit team has extensive experience in taking on and managing clients’ internal audit functions. Your organization can benefit from our experience and expertise in several areas, including:-
  1. Significant relevant skills and experience – a fully outsourced service will provide highly skilled and experienced internal auditors who have significant experience, allowing you to complete audits across your operations, technology, and regulatory functions.
  2. Compliance– by outsourcing internal audit, your organization can benefit from a detailed analysis and review of your operations and their compliance with required industry set standards.
  3. Benchmarking– you will receive benchmarking against industry best practice, ensuring your business is getting the best advice and solutions possible.
  4. Receive more knowledge– our specialist team has built up an extensive knowledge base through training and experience, which will be used to help your business achieve its objectives.
  5. Cost Reduction– outsourcing is a lower-cost alternative to building and maintaining an internal team with the same level of experience and capability.
  6. Unbiased Advice– as an independent third-party provider, we are well placed to provide honest and constructive feedback that will help your business achieve its objectives.
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