expert-views

Internal audit and controls assurance Enhance control and manage risk : At MPK, our focus on you and your business means that your success is always our top priority. With one of the largest dedicated internal audit and controls assurance practices, MPK has the knowledge and capability to support your business needs.

How we can help : We understand the importance of implementing a strong control environment to meet your key risks and have tailored our services with this in mind. We provide a number of internal audit and control-related services including:

1. Fully outsourced/co-sourced internal audit services.
2. Controls assurance services

Internal audit are increasingly being called upon by Boards and Audit committees to provide assurance on the governance and control processes in place. We believe that internal audit plays a pivotal role in helping management drive business performance and in improving processes, controls, governance and risk management. The ways we can help your business achieve robust and reactive controls include the following:

1. Fully outsourced internal audit - we can carry out the internal audit process from beginning to end. We can work with you to prepare a risk assessment and identify key areas of concern for both management and audit committee members, where internal audit assurance can add value.


2. Co-sourced internal audit - we can support your organisation based on your requirements. Whether it is through the provision of internal audit staff to assist in completing internal audits or fully co-sourcing where we can be involved in the development of strategic internal audit plans through to the delivery of reports.


3. One-off projects - we can provide one-off projects in areas where benchmarking against your peers would be useful or where specific expertise is required.


4. we can provide suitably qualified and experienced internal auditors on a basis to assist with internal audit work, removing the need for you to recruit additional FTEs when your resources are constrained.

Controls assurance

Organisations depend on information systems to provide complete, accurate and valid data, but these systems may be the source of considerable risk if not well deployed, monitored and controlled. Our Controls Assurance services focus on the identification and mitigation of risks affecting internal systems, business processes, projects, applications, data and third parties.

Implementing checks and balances for projects, work processes, computer applications and the underlying systems and third parties is one way to mitigate risks. We leverage frameworks and standards such as ITIL, CoBIT, ISO27000:2005, in conjunction identify control weaknesses or gaps, and to make implementable recommendations.

With increased IT corporate governance concerns, security threats, data quality issues and privacy legislation, today, more than ever, organisations need to ensure the integrity, confidentiality and availability of information, along with the underlying systems.

Service auditors reports

While ensuring greater accountability for the quality of services provided to your customers.

Our dedicated professionals are experienced service auditors that conduct engagements following standards such as privacy.

We can also assist you in preparing your company for service auditor reporting - this includes providing readiness assessments on the design effectiveness of your key control activities. As our client, we want to ensure that you are best placed to meet the on-going challenge of service auditor reporting.