Five WH Corporate Services provides internal audits, forensic audits, compliance audits, business systems reviews, and due diligence investigations to help businesses overcome constraints and maximize profitability. Their internal audit methodology emphasizes risk analysis to identify systemic issues. They investigate financial crimes, help recover lost assets, and develop fraud prevention strategies. Five WH also reviews and implements internal control systems to ensure regulatory compliance and business objectives are met. The company is led by Director Caleb Mutsumba, who has over 20 years of experience in auditing, investigations, risk management, and project oversight in both public and private sectors.
Transparency for effective it governance v1.0Ahmed Buhazza
In 3 sentences or less:
Transparency and effective IT governance require a framework that establishes principles of accountability, measurability, and alignment with organizational mission and strategy. This framework should include integrated processes for resource management, objective setting, monitoring, communication, and cultural change to ensure information systems support business goals. Automating compliance checks and adapting industry standards provides a solid, practical approach for transparency.
The document compares the costs of running an internal audit department in-house versus outsourcing it to an external firm. It finds that outsourcing provides significant cost savings, flexibility, and access to specialized skills. Outsourcing to FiveWH Corporate Services costs approximately 40% less than running an equivalent in-house internal audit department due to economies of scale and avoiding overhead costs of employee benefits, administration, and facilities.
This document introduces the 5W planning formula for developing effective action plans. The formula involves asking who, what, when, where, why, and how questions to fully plan a project. It can be applied at all levels of planning from overall goals down to specific tasks. Using the 5W questions ensures all necessary details are considered in developing and implementing a successful plan.
This document outlines the key elements, known as the Five Ws and One H, that should be included in a well-written report. These elements are: Who, What, When, Where, Why, and How. It provides descriptions and examples of the types of information that should be covered under each element to fully explain the topic being reported on.
This document discusses functional information systems and provides examples. A functional information system provides detailed information for specific activities and summarized information for management. It is characterized by many small database changes, systematic records, routine actions, and important data preparation efforts. Examples discussed include marketing, human resources, accounting, production, manufacturing, and finance information systems. They each provide specialized information and processing for their respective functions.
The document discusses learning objectives for students to understand and apply the 5W+1H framework when reading texts. The objectives are for students to: 1) Orally describe the 5W+1H of appropriate readings based on curiosity and responsibility; 2) Act bravely and confidently when concluding the 5W+1H; 3) Recognize literature relating to 5W+1H that is close to daily life. Students should be able to mention and ask 5W+1H questions about readings relevant to their daily lives.
Why Can't You Get What You Want At Work? - HOW Design Live 2016Motivate Design
Do you hesitate to strive for the impossible? Is that hesitation rooted in fact or belief? Or are you just creating excuses? In this session, Mona Patel, Founder/CEO of Motivate Design, will walk you through four Excuse Personas featured in her bestselling book, Reframe: Shift the Way You Work, Innovate, and Think.
Then, she will be joined for a short chat by Ilise Benun, Program Partner for the Creative Entrepreneur program and Founder of Marketing-Mentor.com, to get personal and provide tips anyone can use to get past the excuses.
The latest LUMA Display Ad Tech Landscape is a living document. While it is impossible to categorize companies across an industry into discrete categories, this is at least an attempt to organize the landscape. If you have constructive suggestions, please email them to me at tkawaja@lumapartners.com.
Transparency for effective it governance v1.0Ahmed Buhazza
In 3 sentences or less:
Transparency and effective IT governance require a framework that establishes principles of accountability, measurability, and alignment with organizational mission and strategy. This framework should include integrated processes for resource management, objective setting, monitoring, communication, and cultural change to ensure information systems support business goals. Automating compliance checks and adapting industry standards provides a solid, practical approach for transparency.
The document compares the costs of running an internal audit department in-house versus outsourcing it to an external firm. It finds that outsourcing provides significant cost savings, flexibility, and access to specialized skills. Outsourcing to FiveWH Corporate Services costs approximately 40% less than running an equivalent in-house internal audit department due to economies of scale and avoiding overhead costs of employee benefits, administration, and facilities.
This document introduces the 5W planning formula for developing effective action plans. The formula involves asking who, what, when, where, why, and how questions to fully plan a project. It can be applied at all levels of planning from overall goals down to specific tasks. Using the 5W questions ensures all necessary details are considered in developing and implementing a successful plan.
This document outlines the key elements, known as the Five Ws and One H, that should be included in a well-written report. These elements are: Who, What, When, Where, Why, and How. It provides descriptions and examples of the types of information that should be covered under each element to fully explain the topic being reported on.
This document discusses functional information systems and provides examples. A functional information system provides detailed information for specific activities and summarized information for management. It is characterized by many small database changes, systematic records, routine actions, and important data preparation efforts. Examples discussed include marketing, human resources, accounting, production, manufacturing, and finance information systems. They each provide specialized information and processing for their respective functions.
The document discusses learning objectives for students to understand and apply the 5W+1H framework when reading texts. The objectives are for students to: 1) Orally describe the 5W+1H of appropriate readings based on curiosity and responsibility; 2) Act bravely and confidently when concluding the 5W+1H; 3) Recognize literature relating to 5W+1H that is close to daily life. Students should be able to mention and ask 5W+1H questions about readings relevant to their daily lives.
Why Can't You Get What You Want At Work? - HOW Design Live 2016Motivate Design
Do you hesitate to strive for the impossible? Is that hesitation rooted in fact or belief? Or are you just creating excuses? In this session, Mona Patel, Founder/CEO of Motivate Design, will walk you through four Excuse Personas featured in her bestselling book, Reframe: Shift the Way You Work, Innovate, and Think.
Then, she will be joined for a short chat by Ilise Benun, Program Partner for the Creative Entrepreneur program and Founder of Marketing-Mentor.com, to get personal and provide tips anyone can use to get past the excuses.
The latest LUMA Display Ad Tech Landscape is a living document. While it is impossible to categorize companies across an industry into discrete categories, this is at least an attempt to organize the landscape. If you have constructive suggestions, please email them to me at tkawaja@lumapartners.com.
NX Disruption offers human resources consulting services to help companies improve their human relations capabilities and prevent issues like bullying and harassment. Their services include risk assessment, project management, recruitment, developing HR policies and procedures, handling employee issues, auditing HR systems for legal and regulatory compliance, and assisting with ISO management system certification. NX's approach involves independently evaluating clients' HR processes, identifying any risks or gaps, and working with clients to implement solutions and ensure ongoing compliance.
Zeliant Consultants is a 9-year-old HR and business consulting firm that focuses on improving businesses across sectors. It provides services including ISO certification consultation, training and development, HR outsourcing, consulting and staffing. The company aims to add value to client businesses through expertise in quality management systems and human resources.
Steadfast Business Consulting LLP provides a range of professional services including auditing, taxation, secretarial, legal, and advisory services. They have a team of qualified professionals with experience in their respective fields. Their services include internal audits, risk assurance, governance matters, CXO advisory, and more. They take a risk-based approach to internal audits following applicable Indian and global standards.
Compliance audit services are an important part of helping businesses deal with problems connected to compliance. These services can help with problems like complicated compliance requirements, finding compliance gaps, meeting licencing and legal requirements, meeting compliance standards for a specific industry, and meeting compliance standards for an establishment or business. Compliance audit services help organisations navigate the regulatory world, make sure they follow the laws and rules that apply to them, reduce risks, and keep a culture of compliance by giving them expert advice, thorough assessments, and custom strategies. With their help, organisations can be excellent at following the rules and protect their operations and reputations.
This document provides an overview of assurance services offered by Neusource, including variants like financial audits, HR audits, inventory audits, and more. It discusses Neusource's approach of direct expert involvement, thorough execution focused on correction and prevention, and consulting, audit, and training services. The execution process is outlined in 5 steps from understanding client needs to presenting findings. Neusource aims to add value through developing system manuals, documentation, training, and standard operating procedures.
The document discusses how an internal audit team can change their role from being seen as solely a "watchdog" to being an "effective partner" within an organization. It provides an example of how an internal auditor, Caroline, was initially met with hostility from staff during an audit but was still able to complete her work and make recommendations that improved operations. Some key ways discussed to shift perceptions include involving auditors more, appreciating their work, improving relationships between teams, and providing support to the audit team. Managing expectations around issues like resistance to change and resource constraints is also important. The overall message is that auditors should focus on adding value through their work and recommendations rather than just finding faults.
Mc Gladrey Financial Institutions ServicesLinkedInLeo
McGladrey provides specialized business services for financial institutions including assurance services, tax preparation and planning, risk management strategies, regulatory compliance, loan reviews, and strategic planning. Their experienced professionals help financial institutions address challenges, identify and mitigate risks, ensure compliance, and strategically plan for the future.
Peregrine Falcon Consultancy provides specialized outsourcing services including loan administration, management consultancy, financial consultancy, recovery and bankruptcy services, and legal services. It consists of professionals with experience in fields like accounting, engineering, law, and management. The company aims to be a single window solution for clients' outsourcing needs and emphasizes outstanding client services and cost effectiveness.
MSC Consultancy provides integrated management system support and consulting services to businesses. They offer services such as management system implementation and integration, gap analysis, documentation reviews, training, and assistance achieving certifications. Their approach involves integrating a business's existing procedures with new ideas rather than a standardized package. They aim to understand each client's unique needs and structure to help businesses maximize their potential.
Alaric Compliance Services is a full-service compliance firm that offers outsourced Chief Compliance Officers, compliance oversight and monitoring, independent compliance consultations and examinations, and derivatives compliance oversight and monitoring. It was founded in 2004 and is headquartered in New York City with an office in Chicago, serving clients with assets ranging from $50 million to $16 billion. Alaric's mission is to help investment advisers and funds meet compliance requirements by designing and implementing comprehensive compliance policies and procedures and providing experienced oversight.
YHB offers comprehensive tax, accounting, audit, and consulting services as well as specialized services like business valuation, wealth planning, risk advisory, litigation support, and employee benefit plan administration. They serve individuals, businesses, non-profits, and more. YHB aims to help clients meet compliance requirements, save on taxes, and make better financial decisions through industry experience and expertise. They take a personalized approach and prioritize responsive client service.
Importance of audit system for businessesWhitePanda2
Internal audit hence, is indispensable. It can't be skipped. You need a trusted inward auditing administration to keep your business measures straightforward. Auditors can also assist you as VAT Consultants in Dubai. Don’t hesitate to take the Audit Services in Dubai, if you want to be successful in your business.
The document discusses careers in risk management at MainSource bank. It describes various risk management roles including compliance, information security, physical security, electronic security/fraud, business continuity, loan review, and internal audit. These roles help ensure the bank follows regulations and policies, protects customer data and information, prevents and investigates criminal activities, tests emergency plans, reviews loans for risk, and provides independent oversight. The document emphasizes that risk management is involved in all aspects of the bank and requires skills like critical thinking, understanding regulations, and identifying potential problems to help the bank operate successfully.
Lall & Co. is an Indian Chartered Accountant’s Firm. Since Year 1951 the formation, our aim is to provide clients with real value in return for their reliance in choosing us as their consultancy firm.
Bennett Brooks provides forensic accounting and litigation support services for solicitors. Their team of experts can prepare schedules of special damages, calculate loss of earnings, and provide forensic reports to support personal injury, criminal, and commercial cases. They aim to reduce demands on solicitors' staff by taking on tasks like preparing schedules. Using Bennett Brooks is advantageous because it provides extra capacity, competitive rates, and ensures cases are handled by experienced professionals on a guaranteed timeline.
Bennett Brooks provides forensic accounting and litigation support services for solicitors. Their team of experts can prepare schedules of special damages, loss of earnings, and other documents to assist with personal injury, clinical negligence, and other legal cases. They aim to increase law firms' profitability by taking on time-intensive tasks like document preparation and allowing solicitors to focus on legal matters. Bennett Brooks offers competitive rates and allows law firms to bill their fees out to clients.
The internal audit team provides a range of audit and consulting services to help the organization meet its objectives and mitigate risks. These services include monitoring controls, compliance, cost analysis, and fraud prevention. The internal audit team acts as a governance partner by ensuring accuracy, evaluating controls, and supporting external auditors. It aims to be a resource to management by providing objective assessments and recommendations to improve operations, reduce costs, and enhance performance.
Employee Screening Services provides background checks, drug testing, and an online assessment tool called eCoachPro to help companies make better hiring decisions. They have over 25 years of experience in this industry. Their services can identify skills gaps, control turnover costs, and remove subjectivity from performance evaluations by comparing employees to the client's own benchmarks. Hiring the wrong employee can cost a company money in lost productivity, theft, and replacement expenses, so Employee Screening Services aims to make this process easier through various screening tools.
The Chartered Insurance Institute (CII) has launched a new guide to digital ethical standards, setting out five core areas of responsibility for insurance professionals.
The code provides a framework of principles for professionals to use in ensuring client interests remain at the heart of technological progress. This includes such issues as how to make ethical use of client data and analytics, helping practitioners to consider the wider ramifications of their digital initiatives, and guidance on how to navigate conflicts of interest. The code also addresses the issue of the innate bias of digital technology and helps insurance professionals to consider the risk of discrimination.
The guide has been put together by the CII’s Digital Ethics Forum, including digital and policy experts from the Association of British Insurers, British Insurance Brokers Association, Aviva, Worry & Peace and Capital Law.
some of our competitors, all of HBA Consulting's senior consultants individually have many decades of expertise across all facets of HR in the public and private sectors. When you engage HBA Consulting to undertake work, you are buying deep experience and broad expertise.
Caleb Mutsumba has over 30 years of experience in forensic auditing, financial investigations, and general management. He has worked as a business fraud risk consultant since 2007 and previously held management roles at Ernst & Young from 2001 to 2007 overseeing their forensics department. Mutsumba also has experience working as an internal auditor and police detective specializing in fraud investigations. He has investigated fraud and corruption matters across both public and private sectors in industries such as financial services, mining, pharmaceuticals, and NGOs. Mutsumba holds professional certifications in accounting and fraud examination.
You can think of outsourcing everything, including yourself. How do you outsource yourself? You can become a vendor that provides services to your company on a contract basis instead of being an employee. That is extreme, but possible. The other extreme is where the company employs everyone and makes everything. Now, this is extreme and impossible. Can a company make its own photocopiers? And coffee maker? Remember the old make or buy economic question? Exciting micro-economic analysis exercise back then. Now it’s a really life question – in-house or outsource?
NX Disruption offers human resources consulting services to help companies improve their human relations capabilities and prevent issues like bullying and harassment. Their services include risk assessment, project management, recruitment, developing HR policies and procedures, handling employee issues, auditing HR systems for legal and regulatory compliance, and assisting with ISO management system certification. NX's approach involves independently evaluating clients' HR processes, identifying any risks or gaps, and working with clients to implement solutions and ensure ongoing compliance.
Zeliant Consultants is a 9-year-old HR and business consulting firm that focuses on improving businesses across sectors. It provides services including ISO certification consultation, training and development, HR outsourcing, consulting and staffing. The company aims to add value to client businesses through expertise in quality management systems and human resources.
Steadfast Business Consulting LLP provides a range of professional services including auditing, taxation, secretarial, legal, and advisory services. They have a team of qualified professionals with experience in their respective fields. Their services include internal audits, risk assurance, governance matters, CXO advisory, and more. They take a risk-based approach to internal audits following applicable Indian and global standards.
Compliance audit services are an important part of helping businesses deal with problems connected to compliance. These services can help with problems like complicated compliance requirements, finding compliance gaps, meeting licencing and legal requirements, meeting compliance standards for a specific industry, and meeting compliance standards for an establishment or business. Compliance audit services help organisations navigate the regulatory world, make sure they follow the laws and rules that apply to them, reduce risks, and keep a culture of compliance by giving them expert advice, thorough assessments, and custom strategies. With their help, organisations can be excellent at following the rules and protect their operations and reputations.
This document provides an overview of assurance services offered by Neusource, including variants like financial audits, HR audits, inventory audits, and more. It discusses Neusource's approach of direct expert involvement, thorough execution focused on correction and prevention, and consulting, audit, and training services. The execution process is outlined in 5 steps from understanding client needs to presenting findings. Neusource aims to add value through developing system manuals, documentation, training, and standard operating procedures.
The document discusses how an internal audit team can change their role from being seen as solely a "watchdog" to being an "effective partner" within an organization. It provides an example of how an internal auditor, Caroline, was initially met with hostility from staff during an audit but was still able to complete her work and make recommendations that improved operations. Some key ways discussed to shift perceptions include involving auditors more, appreciating their work, improving relationships between teams, and providing support to the audit team. Managing expectations around issues like resistance to change and resource constraints is also important. The overall message is that auditors should focus on adding value through their work and recommendations rather than just finding faults.
Mc Gladrey Financial Institutions ServicesLinkedInLeo
McGladrey provides specialized business services for financial institutions including assurance services, tax preparation and planning, risk management strategies, regulatory compliance, loan reviews, and strategic planning. Their experienced professionals help financial institutions address challenges, identify and mitigate risks, ensure compliance, and strategically plan for the future.
Peregrine Falcon Consultancy provides specialized outsourcing services including loan administration, management consultancy, financial consultancy, recovery and bankruptcy services, and legal services. It consists of professionals with experience in fields like accounting, engineering, law, and management. The company aims to be a single window solution for clients' outsourcing needs and emphasizes outstanding client services and cost effectiveness.
MSC Consultancy provides integrated management system support and consulting services to businesses. They offer services such as management system implementation and integration, gap analysis, documentation reviews, training, and assistance achieving certifications. Their approach involves integrating a business's existing procedures with new ideas rather than a standardized package. They aim to understand each client's unique needs and structure to help businesses maximize their potential.
Alaric Compliance Services is a full-service compliance firm that offers outsourced Chief Compliance Officers, compliance oversight and monitoring, independent compliance consultations and examinations, and derivatives compliance oversight and monitoring. It was founded in 2004 and is headquartered in New York City with an office in Chicago, serving clients with assets ranging from $50 million to $16 billion. Alaric's mission is to help investment advisers and funds meet compliance requirements by designing and implementing comprehensive compliance policies and procedures and providing experienced oversight.
YHB offers comprehensive tax, accounting, audit, and consulting services as well as specialized services like business valuation, wealth planning, risk advisory, litigation support, and employee benefit plan administration. They serve individuals, businesses, non-profits, and more. YHB aims to help clients meet compliance requirements, save on taxes, and make better financial decisions through industry experience and expertise. They take a personalized approach and prioritize responsive client service.
Importance of audit system for businessesWhitePanda2
Internal audit hence, is indispensable. It can't be skipped. You need a trusted inward auditing administration to keep your business measures straightforward. Auditors can also assist you as VAT Consultants in Dubai. Don’t hesitate to take the Audit Services in Dubai, if you want to be successful in your business.
The document discusses careers in risk management at MainSource bank. It describes various risk management roles including compliance, information security, physical security, electronic security/fraud, business continuity, loan review, and internal audit. These roles help ensure the bank follows regulations and policies, protects customer data and information, prevents and investigates criminal activities, tests emergency plans, reviews loans for risk, and provides independent oversight. The document emphasizes that risk management is involved in all aspects of the bank and requires skills like critical thinking, understanding regulations, and identifying potential problems to help the bank operate successfully.
Lall & Co. is an Indian Chartered Accountant’s Firm. Since Year 1951 the formation, our aim is to provide clients with real value in return for their reliance in choosing us as their consultancy firm.
Bennett Brooks provides forensic accounting and litigation support services for solicitors. Their team of experts can prepare schedules of special damages, calculate loss of earnings, and provide forensic reports to support personal injury, criminal, and commercial cases. They aim to reduce demands on solicitors' staff by taking on tasks like preparing schedules. Using Bennett Brooks is advantageous because it provides extra capacity, competitive rates, and ensures cases are handled by experienced professionals on a guaranteed timeline.
Bennett Brooks provides forensic accounting and litigation support services for solicitors. Their team of experts can prepare schedules of special damages, loss of earnings, and other documents to assist with personal injury, clinical negligence, and other legal cases. They aim to increase law firms' profitability by taking on time-intensive tasks like document preparation and allowing solicitors to focus on legal matters. Bennett Brooks offers competitive rates and allows law firms to bill their fees out to clients.
The internal audit team provides a range of audit and consulting services to help the organization meet its objectives and mitigate risks. These services include monitoring controls, compliance, cost analysis, and fraud prevention. The internal audit team acts as a governance partner by ensuring accuracy, evaluating controls, and supporting external auditors. It aims to be a resource to management by providing objective assessments and recommendations to improve operations, reduce costs, and enhance performance.
Employee Screening Services provides background checks, drug testing, and an online assessment tool called eCoachPro to help companies make better hiring decisions. They have over 25 years of experience in this industry. Their services can identify skills gaps, control turnover costs, and remove subjectivity from performance evaluations by comparing employees to the client's own benchmarks. Hiring the wrong employee can cost a company money in lost productivity, theft, and replacement expenses, so Employee Screening Services aims to make this process easier through various screening tools.
The Chartered Insurance Institute (CII) has launched a new guide to digital ethical standards, setting out five core areas of responsibility for insurance professionals.
The code provides a framework of principles for professionals to use in ensuring client interests remain at the heart of technological progress. This includes such issues as how to make ethical use of client data and analytics, helping practitioners to consider the wider ramifications of their digital initiatives, and guidance on how to navigate conflicts of interest. The code also addresses the issue of the innate bias of digital technology and helps insurance professionals to consider the risk of discrimination.
The guide has been put together by the CII’s Digital Ethics Forum, including digital and policy experts from the Association of British Insurers, British Insurance Brokers Association, Aviva, Worry & Peace and Capital Law.
some of our competitors, all of HBA Consulting's senior consultants individually have many decades of expertise across all facets of HR in the public and private sectors. When you engage HBA Consulting to undertake work, you are buying deep experience and broad expertise.
Caleb Mutsumba has over 30 years of experience in forensic auditing, financial investigations, and general management. He has worked as a business fraud risk consultant since 2007 and previously held management roles at Ernst & Young from 2001 to 2007 overseeing their forensics department. Mutsumba also has experience working as an internal auditor and police detective specializing in fraud investigations. He has investigated fraud and corruption matters across both public and private sectors in industries such as financial services, mining, pharmaceuticals, and NGOs. Mutsumba holds professional certifications in accounting and fraud examination.
You can think of outsourcing everything, including yourself. How do you outsource yourself? You can become a vendor that provides services to your company on a contract basis instead of being an employee. That is extreme, but possible. The other extreme is where the company employs everyone and makes everything. Now, this is extreme and impossible. Can a company make its own photocopiers? And coffee maker? Remember the old make or buy economic question? Exciting micro-economic analysis exercise back then. Now it’s a really life question – in-house or outsource?
The story is about an ant who works for an anthill. The chief ant comes up with many new ideas to improve operations, such as hiring more insects and bringing in technology like gadgets. However, the extra work overwhelms the ant and he struggles to keep up. In the end, the ant is fired for not being able to handle all the changes and new responsibilities. The morale of the story seems to be about how too much change too quickly can negatively impact workers.
Five WH Corporate Services provides internal audits, forensic audits, compliance audits, business systems reviews, and due diligence investigations to help businesses overcome constraints and maximize profitability. Their internal audit methodology emphasizes risk analysis to identify systemic issues. They investigate financial crimes, help recover lost assets, and develop fraud prevention strategies. Five WH also reviews and implements internal control systems to ensure regulatory compliance and business objectives are met. The company is led by Director Caleb Mutsumba, who has over 20 years of experience in auditing, investigations, risk management, and project oversight in both public and private sectors.
The objective of this presentation is to introduce you to referral marketing- a systematic referral-generating system that can be adopted, cost effectively, by any developing enterprise.
The light bulb. Bubble wrap. The Post-It. The iPod. The Snuggie. Facebook. Twitter.
These inventions, products, and businesses all started with an idea. An idea that to anyone other than its creator(s) may have seemed like an insane thing to invest much time, money, or effort in bringing to fruition.
But for the masterminds behind these great ideas, the risk paid off and so too can your next great idea.
Everyone has great ideas. The problem for most people is realizing that even the most silly or outrageous idea they come up with could in fact work. Generating ideas—useful ideas—is a skill, and, like any other skill, it can be learned. The more you practice, the easier it will be to come up with ideas whenever you need them.
1. Five WH Corporate Services (Pvt) Limited - Capability Statement
1. Introduction 3. Our Services
While the potential profitability and growth of your business depends 3.1 Internal Audit
on what you put into it, the actual profitability and growth of the
business will be determined by the things that constrain your return on Definition
that investment. Now, you can call these constraints risks or many Internal auditing is an independent appraisal function which performs
other names, but you have to do just one thing; and that is get rid of the services of examining and evaluating the organisation’s activities.
the constraints, quickly. Because, only when you eliminate your Whether in-house or outsourced, Internal Audit is an integral part of the
constrains will your actual success rise to the level of your potential. organisation and functions under the organisation's policies.
So, the only way to turn your potential for success into actual success 5wh Entity Level Internal Audit Methodology
is to blow away the constraints that block your path. As shown in the diagram below, our methodology is a loop which
emphasizes risk analysis at the highest level so as to identify
Five WH Corporate Services (Pvt) Limited (“5wh”) is a dynamic, constraints within your systems.
relationship-oriented professional services company that provides the
following solutions to business constraints:
Business Systems Design, Development and Reviews
Forensic Audits/Financial Investigations
Internal Audits
Compliance Audits
Due Diligence Investigations
We work with business owners and leaders who are set on blowing
away those constraints blocking their way to success. We will also
assist you isolate hidden economic assets in your business and
determine specific projects to optimize and leverage those assets for
greater profit and growth.
2. Our Vision
Our vision is derived from our passion for what we do. You will, of
course, get to know and appreciate our vision as we get to know each
other.
1
2. Five WH Corporate Services (Pvt) Limited - Capability Statement
Our Objective Offenders often also exploit the complexity of IT systems, which can
Our objective is to assist you in the effective discharge of your result in serious damage to your organisation. Our specialists find and
responsibilities and to monitor and promote effective control at preserve the traces left by the offender.
reasonable cost. To this end, we furnish you with analyses, appraisals,
recommendations, advice, and information concerning the activities We work with you to devise effective strategies to protect your
reviewed. We also train your staff and share knowledge and organisation against fraud. We also provide assistance in the
experience with you. implementation of these strategies.
To facilitate objectivity, independence is essential to an audit function. Asset Tracing
We would not accept an assignment if our independence was impaired When your organisation has lost assets as a result of criminal acts, we
in any way. help you to identify, trace and recover your property.
3.2 Forensic Audit We assist you in detecting fraud and other financial offences and
develop alternatives for minimizing the damage caused.
Definition
The Oxford Dictionary defines "Forensic" simply as, "Of or used in law Fraud is a manageable risk.
courts."
3.3 Business Systems/Internal Controls
"Forensic Auditing" is therefore an examination of evidence regarding
an assertion to determine its correspondence to established criteria in Definition
a manner suitable to the court. Internal control is the means by which you marshal your organisation's
resources to achieve your objectives.
Investigate first – then act
This is the logical thing to do and in Zimbabwe this is what the law Are You Being Served
(Labour Relations Act [Chapter 28:01]) requires. If you suspect that Does your system of internal control help you to exploit your
your organisation is the target of financial crime you will need fast opportunities as well as manage the risks of doing the things you do?
professional support to help you take action. Is it able to detect errors and fraud in sufficient time for you to take
appropriate action? Can you quantify the effectiveness of your
Competent and Experienced Financial Investigation controls? Do you have just enough controls - not too many and not too
We examine the operations that are potentially affected and analyse few? If the answer to any of these questions is "no", or you do not
the related flows of cash and goods. If our work confirms your know, you need to talk to us.
suspicions, we will draw up alternative courses of action and advise Risk assessment: We will assess the structure of your internal control
you on their implementation. You can rely on our discretion, and on the system and recommend areas for improvement. We will pay attention
integrity of our staff. to the processes by which you establish, monitor and improve your
system.
2
3. Five WH Corporate Services (Pvt) Limited - Capability Statement
Design and implementation: Following the structural assessment, we 4. Our Credentials
can assist you to implement our recommendations. We can also assist Our key staff :
1
you to design and implement a new internal control system from
scratch. In short, we assist you in determining the scope and fitness of
your Internal Control System such that it enables you to meet your Caleb Mutsumba – Director
business and regulatory requirements.
Caleb is a Registered Public Accountant with experience in:
3.4 Compliance Audit Internal Auditing,
Fraud Investigations and Forensic Auditing,
Definition Fraud Risk Management,
Compliance Audit is the independent assessment of the conformity of Criminal Justice processes,
any activity, process, deliverable, product or service with the criteria of Project Management, Monitoring and Evaluation.
specified laws, rules, standards, contracts, best practice or other
documented requirements. Caleb has worked for various public and private sector entities for
more than twenty years. Upon leaving the Internal Audit department of
Let the Experts do it for You a major commercial bank in 2001, Caleb joined Ernst & Young to head
Assessing compliance may be simple, requiring a brief inspection to the newly formed Forensics Department. He left Ernst & Young in 2007
find out whether rules were followed or not. At the other extreme, it to establish 5wh.
may require extensive research of statutory, regulatory and other
requirements. Whatever the level of requirement, let us be there to Throughout his career, Caleb has had a substantial portfolio of public
assist you. and private sector clients of all sizes, operating in all sectors in
Southern Africa.
Audits, in general, are also valuable in identifying areas for continuous
improvement and planning.
1
Detailed biographies, roles and responsibilities, of 5wh staff; further specified service,
products and company information, as well as references, can be provided upon request.
3
4. Five WH Corporate Services (Pvt) Limited - Capability Statement
5. Why Choose Us
Here is who we are to you:
We listen to you
We have the experience and expertise to serve you
We are responsive – this means we react timeously to your needs
and we do not let our own internal processes distract us from this
swiftness
We leave no stone unturned to live up to your expectations
We tackle your worrisome questions: what - when – where – .
who- why – how
6. Contact Us
Whether you want or need audit, systems advice and/or
investigation services, talk to us today for a free preliminary
assessment and to start a relationship.
Direct your enquiries to Caleb:
Cell: +263 712 620 287/+263 772 466 540
Email: caleb@zol.co.zw
Skype: caleb.mutsumba
P O Mail: P O Box 1361 Harare
Follow Caleb and 5wh on:
Facebook: http://www.facebook.com/pages/5wh-Corporate-
Services/176311472411421
Twitter: http://twitter.com/#!/5whAudit
LinkedIn: http://zw.linkedin.com/in/calebmutsumba
Blog: http://5whaudit.wordpress.com/
4