Internal Assurance Service
An internal assurance service is an examination process that monitors and analyses the activities related to a company to provide objective certitude and consulting services aimed to add value and enhance the company’s operation. It identifies existing threats and analyses of how it affects your company. Also, it can also help business owner anticipate risk that poses a threat to the company’s operation and growth. A business owner can then formulate effective strategies with all this information to prevent risks and improve business performance and operations.
Internal Assurance Service Includes:
▪ Outsourcing/Co-Sourcing, Project Assistance, Special Projects
▪ Operational reviews for efficiency and effectiveness
▪ Internal control review, testing, reporting, and solutions
▪ IT Solutions for company governance and internal control
▪ Risk assurance
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Process of Internal Audit Service
Risk Assessment & Planning
Follow Up On Previous Issues
Meeting & Assessments
Issues & Update Meetings
Why Cheng & Co?
Our Internal Assurance(IA) team can provide assistance anywhere on the internal assurance service areas. We can provide you with full outsourcing of internal assurance functions or simply help out where needed or for a particular task or project. We can serve clients by offering full outsourcing, co-sourcing, and temporary staffing needs.
Our internal assurance methodology is designed to provide assurance on the internal control of an organization bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes.
Each engagement includes the planning, walkthrough, alternative testing and reporting to the audit committee or management.