Do you have any doubts whether your Internal Audit department is satisfactorily doing the following?
Strengthening the internal control of its operations;
Assisting in maximizing its processes;
Monitoring and identifying the financial, operational, and IT risks of the business; and
Maintaining its independent and objectivity.
BDO will assist you in making the internal audit functions within your organization more efficient and profitable by coordinating your departmentīs activities by means of our outsourcing service or by taking on the entire department with our outsourcing service. We have prepared and experienced professionals needed to assist you in more efficiently identifying, evaluating, and handling those risks that can negatively affect your organizationīs ability to reach its goals and successfully execute its strategies.
Allow us to help you find a positive solution to the following questions related to your Internal Auditing department:
Who do you report to administratively?
What does internal auditing consist of?
How do you get and keep the experience needed to carry out your work?
How is the audit plan developed?
What happens if the audit plan is not covered?
How are corporate managers required to respond to findings and recommendations?
What services does Internal Audit provide with regards to fraud?
How is the effectiveness of the Internal Audit department evaluated?
Does Internal Audit have enough resources?
Are you sure that your organization has adequate internal controls for its most significant risks?
Our Methodology
The methodology used by BDO allows us to provide you with reasonable certainty that your organizationīs goals will be able to be met with an acceptable level of residual risk. How?
Together with you, we would identify the risks that could adversely affect your organizationīs ability to reach its goals
Assisting you in evaluating the impact that these risks could have within your organization
Following the treatment and/or actions needed to be established in order to reduce the probability of risk exposure
Designing an audit program based on your businessī risk principles
Evaluating the sufficiency and effectiveness of your current internal controls
Obtaining action plans for those responsible for correcting those control deficiencies that are identified Informing General Management and the Audit Committee of our results for timely and adequate decision making
Other Related Services:
Financial, Operational and Compliance Risk Management
We support our clients in identifying their financial, operational, and compliance risks with laws and regulations in order to determine the impact that could have on the organizationīs goals. Our support extends to prioritizing and determining the treatment for each of the risks and establishing a permanent monitoring program on each.
Fraud Prevention
We will provide a tool to evaluate the effectiveness of antifraud programs of those organizations committed to conserve their investorsī interests, resources to improve them, or a guide for their development when they do not exist.
Design of Policies and Procedures
We assist our clients in designing and implementing effective control policies within their organizations that assist in adequate operations and management of their businesses.
