Globally, organizations are facing increased competition, not only to sell their own products at a reasonable price but also, for example, the procurement of raw input materials, employees, capital, etc. Organizations continuously have to redesign themselves to ensure that their core business processes become more effective and efficient, including taking cost reduction opportunities and improving the delivery of quality goods and services.
The Challenges for Internal Audit
A strategically orientated and structured internal audit function can play a vital role in assisting the Board of Directors, Audit Committees and management in achieving these business challenges. Internal audit can add value by
Too often, the internal audit functions respond to immediate tactical needs. In a rush to implement responses, key strategic issues can be overlooked. The result can be a tactical internal audit function in search of a strategy.
Our services are:
1- Strategic Performance/Quality Assurance Reviews
Provide an independent review of your existing internal audit function and strategy which include:
2- Strategic Capability Building and Outsourcing (Full & Partial)
Provide support to existing internal audit functions or provide fully outsourced internal audit services with the principle benefit of:
3- Policies and Procedures manuals
Develop or enhance policies and procedures manuals to improve the internal control environment within the organization.
4- Cost reduction/Efficiency improvement reviews
Assist in enhancing operational efficiency and cost reduction to improve an organization’s competitiveness by applying our best practices to business processes and controls.
How we deliver value:
The majority of our internal audit team in Kuwait have extensive internal audit experience and have worked with or within major internal audit functions.
Business Consulting Services
Contact
- +965 2247 9823
- +965 2247 9824
- [email protected]
- Panasonic Tower, 23rd Floor, Fahad Al Salem Street, Qibla, Kuwait
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