The increased awareness in both the private and public sectors of the importance of good corporate governance, effective risk management and internal controls, has resulted in a rapid growth in the demand for quality Internal Audit, Corporate Governance Reviews, risk and compliance services.
GLA is geared to bring in the required skills, experience and capacity in co-sourcing with or outsourcing of an internal audit function. We draw on our firm’s wide specialist skills to bring a comprehensive solution to our clients. In addition to providing independent assurance on critical business processes, we strive to be strategic business advisors by focusing on continuous business improvement and assist you to achieve your business objectives.
We work with our clients’ management team and assist them by assessing the adequacy and monitoring the effectiveness of their internal controls, making recommendations on correcting deficiencies if necessary and providing an independent and valued opinion, assisting management in identifying the key strategic risks in their organization, assessing whether they have the appropriate policies, procedures and processes in place to mitigate these risks, alerting management to areas where they are particularly at risk and identifying opportunities to improve their levels of risk management;
In a fully outsourced internal audit function GLA performs all internal audit activities which include risk assessment, audit coverage plans, fieldwork, communication and reporting to management and audit committee on a recurring basis.
In co-sourced functions GLA increases the technical capacity of the client’s internal audit function and provides the necessary support to the Chief Audit Executive.
In some cases GLA can second staff full time to clients to ensure that they have adequate capacity and to augment existing internal audit functions. The clients have a choice of taking responsibility for supervision of staff and all aspects of tasks performed, or they can obtain the full benefits of outsourced internal audit with the benefit of full time seconded staff.