Internal Audit

ENHANCING THE VALUE OF BUSINESS

Effective internal audit can be a powerful driving force within any organisation


Governance and assurance Internal audit is a key building block of sound corporate governance, providing a systematic review of risks and key processes established to mitigate risks. Regardless of department or function – be it finance, human resources, IT, sales, purchasing or any other operational unit – we provide comprehensive assurance on the governance, risk and assurance framework in your organisation, whether at strategic level, within operational units, in the implementation of major projects, or the introduction of new systems. Internal audit continues to evolve, and so does our service. We understand trends towards real-time, continuous monitoring and apply latest tools and techniques to deliver risk-based, integrated auditing and assurance. We combine expertise in IT and business audit to interrogate data and deliver insightful analysis of the issues that matter most to management and boards in delivering their business strategy. Rather than simply identifying control weaknesses, we for ways to improve business processes and performance. Innovative, risk-based and efficient Effective internal audit is not about signing off control checklists or telling you what you already know. It starts with understanding the business in question, its sector and the challenges it faces. Our internal audit team has wide-ranging experience of multiple sectors, and is able to apply internal audit expertise to any individual organisation, while taking into account business needs and specific regulatory requirements. Our work is closely integrated with your existing risk management systems, enabling a highly targeted, efficient process – mindful of the need to avoid unnecessary costs. Our approach is strategic and risk-based, focused on adding value to your business. We make effective use of technology, applying computer-assisted audit techniques to enable an efficient, in-depth approach to testing and to support a robust and reliable level of assurance. Value-adding insights Our team members are highly skilled and qualified, with appropriate professional qualifications in disciplines such as accountancy, internal audit, information systems audit, risk management and project management. This breadth of expertise, combined with extensive experience gained from working in many different organisations, gives us an excellent opportunity to share good practice and help you achieve real benefits – providing a tangible return on your internal audit investment. Our approach requires an inquisitive mind, unafraid to challenge and offering alternative methods and solutions:

  • Leading edge – our modern approach incorporates latest tools and thinking, keeping us at the forefront of internal audit practice and development

  • Continuity and integration – we understand the importance of providing continuity of service, as well as integrating with your management, board and audit and risk committees. We assign a core team to ensure a high-quality service, and will work with other assurance providers to ensure joined up, integrated processes

  • Flexibility – we work hard to understand each individual client’s needs, purpose and business. We shape our services accordingly, providing advice and support at all levels

  • Specialist expertise – we apply the skills of experts in specialised fields when required by your specific needs

  • Benchmarking – we evaluate your processes against those of similar clients across different sectors and enable efficiencies based on our experience of working with other organisations

  • Personal touch – our professionals not only have excellent technical capabilities, but also strong interpersonal skills, helping us to build lasting relationships with our clients – where each client feels as if they are our only client

Tailored services


We appreciate that individual organisations have differing internal audit requirements. We therefore offer a flexible range of services:

  • Formal internal audit, ranging from a fully outsourced service, to co-sourced or partnering services;

  • The provision of ad hoc internal audit support to established in-house teams

  • Mentoring for new heads of internal audit, acting as a trusted and experienced sounding board, ready to share insights and advice on any challenging issues as they arise

  • Helping clients to set up and establish a skilled, capable internal audit function that delivers added-value services to management teams and boards

African Venture Group

1 Nollsworth Crescent, Umhlanga, Durban, 4051

 

National:

078 115 6607

International:

+27 78 115 6607

Email: info@africanventuregroup.co.za

B-BBEE level 2 rating

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