Internal audit is not putting a dog behind your management team to look after what is being done.
It is a process by which the Board of Directors is given independent assurance that the processes, internal systems in all spheres of the business are operated according to set internal guidelines. The internal audit also focuses on the risk evaluation and risk management of a business. It also functions to identify suboptimal practices and advises management to take corrective actions.
OCL provides internal audit services on an outsourced basis to many businesses. Whether your business is too small to set up a dedicated internal control function or the need is felt to set up and train a full fledged internal control department within your organization, contact OCL who will assist.
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