Process-Based Internal Audits
Process-based Internal Audits
Process-based internal audits focus on evaluating business processes end-to-end rather than merely verifying compliance with checklists. These audits provide management with insights into the efficiency, effectiveness, and reliability of operations across key functions such as procurement, sales, payroll, treasury, and supply chain management.
By linking risks to specific processes, process-based audits identify control weaknesses, inefficiencies, and gaps that could result in financial, operational, or compliance failures. They enhance governance and support organizations in implementing continuous improvement and risk mitigation practices.
About This Service
Our process-based internal audit services deliver comprehensive assurance over operational and financial processes. Unlike traditional transactional audits, we focus on assessing the design and effectiveness of controls across complete business processes.
We use a risk-based approach to identify critical business areas, map associated risks, and test key control points. This allows us to detect not only non-compliance but also inefficiencies, redundancies, and opportunities for process automation.
Our audits also provide actionable recommendations that align with organizational objectives, enhance operational efficiency, and mitigate risk exposures. Additionally, we benchmark processes against industry best practices to offer clients a competitive advantage.
Through independent and structured reviews, we equip boards and management with confidence in process integrity while ensuring adherence to governance and regulatory requirements.
Key Features / Scope of Work
Risk-based review of end-to-end business processes
Mapping of risks and controls across critical operations
Evaluation of the design and effectiveness of controls
Identification of inefficiencies, redundancies, and gaps
Benchmarking against industry best practices
Recommendations for process improvement and automation
Reporting to management and audit committees
Strengthening governance through improved process discipline
- Internal Audits & Risk Advisory
- Process-based Internal Audits
- IFC, ICFR, SOX Compliance Advisory & Testing
- Standard Operating Procedure (SOP) & Risk Control Matrix (RCM) Development
- IT System & ITGC Reviews
- Business Continuity & Disaster Recovery Review
- Risk Heat Mapping & Remediation Planning
- Internal Financial Controls Implementation & Monitoring
- Process Improvement/ Cost reduction studies
- Automation of Selected Processes
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