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Internal Audit Services
Internal audit is an independent administrative function, which involves a continuous and crucial appraisal of the functioning of an entity with a view to suggest improvements and adds value to strengthen the overall governance mechanism of the entity, including the entity’s risk management and internal control system.
We believe internal auditing is a medium for improving an organization’s governance, risk management and management controls by providing insight and recommendations, based on analyses and assessments of data and business processes. We undertake Audit, with a view to improve performance and operating efficiency. Interlink Capital’s signature methodologies, tools and guidance are developed with a focus on clients and reflect recent external developments
Audit approach is thus based upon widely researched methodology that is,
Obtaining an understanding of the business / transactions being audited
Assessing the risk of misstatements, and the establish control in place to prevent these risks
Ensuring rigorous quality control over audit performance.
Suggesting practical solutions
Internal audit is a dynamic profession, which is based on helping organisations to achieve their objectives. It is involved with evaluating and improving the effectiveness of risk management governance and control processes within the organisation.
To do this, internal auditors work with management to thoroughly review systems and operations. These reviews are aimed at identifying how well risks are managed including whether the right processes are in place and agreed procedures are being adhered to. Internal audits are organised under an ongoing program of review and advisory activity which is based on the strategic needs of an organisation.
Some businesses will have a higher appetite for risk arising from changing trends and economic conditions. The techniques of internal auditing have therefore changed from a reactive and control-based form to a more proactive and risk-based approach. This enables the internal auditor to expect possible future concerns and opportunities providing assurance, advice and insight where it is most needed.
The interesting aspect within this structure is that internal auditors can work, constructively with other assurance providers to make sure the board’s audit committee receives all the assurance they need to form an opinion about, how well the organisation is managing its risks. Co-ordination and developing effective working relationships is a key feature of internal auditing.