This document discusses internal audit and control system reviews provided by HLB Hamt. Their experienced internal auditors can evaluate accounting systems, assess risk management and internal controls, improve processes, and ensure regulatory compliance. Their methodology involves analyzing key processes and controls, testing transactions, reporting results, and making recommendations to strengthen controls. Services include advising on internal controls, operational risk management, change management, and evaluating corporate governance. HLB Hamt offers complete or partial internal audit outsourcing, staff sharing, and internal control system evaluations.

1. Internal Audit And Control
System Reviews
www.hlbhamt.com

2. • Managements today requires experienced
internal auditors to address concerns in risk
management, internal control environment
assessments, process improvements;
enterprise risk management (ERM) programs
and regulatory compliance.

3. Our experienced internal auditors are equipped
to answer your regular queries and questions
with the accounting system;

4. • Is the accounting system capable of recording
financial transactions in a prompt & accurate
manner?
• Is the accounting system capable of tracking
expenditure by project, category, component,
class, nature, etc.?

5. • Is the accounting system capable of comparing
actual expenditure to budget?
• Chance of fraud risk/
• Are assets properly recorded & safeguarded
from misuse and abuse?

6. Our Methodology
• Analysing key processes, procedures &
operation
• Identifying key controls in each such
operation, procedure & process
• Evaluating the adequacy of these controls

7. • Testing compliance of sample transactions against
these controls
• Reporting results of the evaluation of controls
and testing of transactions
• Recommending stronger controls wherever
necessary
• Suggesting methods to improve compliance with
key controls
• Follow up of action taken on recommendations
made in previous reports

8. Services include:
• Advising your management team to develop
practical internal controls that enhance the
control environment.
• Providing advice on how to implement an
effective and secured internal control
environment.

9. • Advising how to manage core operational risk,
especially those related to the reliability of
business operations.
• Assisting with linking operational strategies
and risk performance measures to business
goals.

10. • Assisting with change management and
business awareness processes by helping
make the transition from existing practices to
more efficient and focused
• Approaches through training and assisting of
staff in the development of new skills.
• Evaluating the key structures, dynamics and
processes required to reinforce effective
corporate governance.

11. What we offer
• Complete internal audit outsourcing
• Partial internal audit outsourcing
• Staff sharing basis ( supervisory and
execution)
• Internal control system study and evaluation

12. Contact Us
www.hlbhamt.com