Internal Audit, Risk and Compliance Services
Management today should no longer be satisfied with internal auditors who merely perform financial and compliance audits. Business leaders should demand that internal audit functions continuously demonstrate that they add value to the organization.
Assurance must be provided to management and the organization's stakeholders that sound governance is practiced; critical business issues and risks are being effectively controlled; opportunities are identified and capitalized upon; and potential losses and fraud can be prevented - not just detected after the fact.
Services which meet these requirements add value to the organization and continuously improve the business strategies of management while still addressing the traditional compliance and financial areas.
KPMG offers a wide range of tailored services and products to help enhance corporate governance, assess business risk, provide assurance on control effectiveness and support you in achieving your organization's goals.
Management today should no longer be satisfied with internal auditors who merely perform financial and compliance audits. Business leaders should demand that internal audit functions continuously demonstrate that they add value to the organization.
Assurance must be provided to management and the organization's stakeholders that sound governance is practiced; critical business issues and risks are being effectively controlled; opportunities are identified and capitalized upon; and potential losses and fraud can be prevented - not just detected after the fact.
Services which meet these requirements add value to the organization and continuously improve the business strategies of management while still addressing the traditional compliance and financial areas.
KPMG offers a wide range of tailored services and products to help enhance corporate governance, assess business risk, provide assurance on control effectiveness and support you in achieving your organization's goals.
Strategic Performance Review of Internal Audit Function (KSPRint)
Many organizations are increasingly relying on their internal audit function to help put their key success factors - including workforce effectiveness, business processes efficiency, and strategic positioning - into a meaningful context. But until it has a clear picture of its own people, processes and positioning, internal audit's contribution - and, ultimately, its strategic value - to the organization can be significantly hampered. The internal audit functions that provide the greatest value to the senior management may be those that have a clear picture of their own value - and the vision for rapidly increasing it.
Business Risk Assessment
KPMG can help you find the right balance between risk and control by directly linking your process risks back to your strategic objectives. Business Risk Assessment can identify and prioritize potential risks so that your management team can focus on those areas most critical to your success.
We use this analysis to formulate your risk profile, which offers you a snapshot of the key risks facing your organization. We work with your key process owners to chart the likely financial impact of those risks and the probability that they will occur. The risks that have a high financial impact and a high probability of occurring are addressed first. In this way your operating managers understand what the risks are - and can also make the connection between risk and controls. In short, BRA can contribute to enhance your decision-making and improve risk management with the goal of increasing business performance.
Governance review and assessment
One of the most important challenges for board members is to build a foundation of trust - with management, the investment community, regulatory agencies, and the public. The stakes are high and the margin for error is low. While new standards are emerging, one thing remains clear: the responsibility to adopt sound governance practices has been placed squarely on corporate directors and officers.
KPMG has developed a strategic framework that can enable a board to self-assess its existing governance practices and to build consensus around brining desired changes to fruition. Such an assessment is not only prudent but also responsive to increased stakeholder expectations for board self-evaluation.
Internal Audit Services include:
For further details, please contact:
Dr. Rasheed Al Qenae
Partner
ralqenae@kpmg.com
Ali Abbas
Manager
aliabbas@kpmg.com
Many organizations are increasingly relying on their internal audit function to help put their key success factors - including workforce effectiveness, business processes efficiency, and strategic positioning - into a meaningful context. But until it has a clear picture of its own people, processes and positioning, internal audit's contribution - and, ultimately, its strategic value - to the organization can be significantly hampered. The internal audit functions that provide the greatest value to the senior management may be those that have a clear picture of their own value - and the vision for rapidly increasing it.
Business Risk Assessment
KPMG can help you find the right balance between risk and control by directly linking your process risks back to your strategic objectives. Business Risk Assessment can identify and prioritize potential risks so that your management team can focus on those areas most critical to your success.
We use this analysis to formulate your risk profile, which offers you a snapshot of the key risks facing your organization. We work with your key process owners to chart the likely financial impact of those risks and the probability that they will occur. The risks that have a high financial impact and a high probability of occurring are addressed first. In this way your operating managers understand what the risks are - and can also make the connection between risk and controls. In short, BRA can contribute to enhance your decision-making and improve risk management with the goal of increasing business performance.
Governance review and assessment
One of the most important challenges for board members is to build a foundation of trust - with management, the investment community, regulatory agencies, and the public. The stakes are high and the margin for error is low. While new standards are emerging, one thing remains clear: the responsibility to adopt sound governance practices has been placed squarely on corporate directors and officers.
KPMG has developed a strategic framework that can enable a board to self-assess its existing governance practices and to build consensus around brining desired changes to fruition. Such an assessment is not only prudent but also responsive to increased stakeholder expectations for board self-evaluation.
Internal Audit Services include:
- Governance review and assessment
- Business Risk Assessment
- Internal controls review
- Strategic Peformance Review of Internal Audit Function (KSPRint)
- Establish/re-engineer the internal audit function
- Business process review
- Develop procedures/accounting manuals
- Sarbanes-Oxley assistance services
For further details, please contact:
Dr. Rasheed Al Qenae
Partner
ralqenae@kpmg.com
Ali Abbas
Manager
aliabbas@kpmg.com
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