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Internal Audit

We are specialised in Internal Audit

Overview

Governing bodies and senior management rely on internal auditing for insight and objective assurance that existing internal controls are adequate to mitigate the organization’s risks, governance and risk management processes are practical and efficient, and organizational goals and strategic objectives are met.

01 Offerings

Our Internal Audit Services

Financial and Performance Audits

Operational Audits

Information Technology Audits

Internal Audit in Malta

Internal Audit Approach

The internal auditor collects all the policies, specifications, and other relevant internal documentation to the key concepts introduced to the company. It is mandatory to perform interviews also with all the departments to establish the internal audit universe.

The internal auditor gets the mandate to execute the holistic audit plan and perform all the agreed-upon checks.

The activities defined in the annual and quarterly action log focus on the most crucial and key areas identified over the initial risk-based assessment.

The extent of the audits can be comprehensive, medium, and small. The internal auditor estimates the required time in the plan, and the activities can be monitored accordingly. Time has to be allocated to ad-hoc checks also in the plan.

Internal Audit Scope

The Board and the Supervisory Body of a company can get a comprehensive picture of the company’s state and information about the adequacy of the internal policies.
Quarterly and annual reports are provided to the company on top of the monthly and ad-hoc checks based on the internal audit plan.

Any findings are reported immediately to the management.

One of the essential benefits is prevention.

The company can identify issues in advance and be more prepared for regulatory investigations.

In such circumstances, the internal audit function would act as the first line of defense with the preventive measures that the board would be recommended to consider. 

03 Latest from Blog

Internal Audit Insights

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The Indispensable Role of Internal Auditing in the iGaming Industry

The iGaming industry has surged in popularity, creating vast opportunities for both players and businesses…
Internal Audit

Mind the Gap! Navigating the DORA Compliance Labyrinth

Backplanning and Gap Analysis: Proactive Approaches to DORA Compliance The Digital Operational Resilience Act (DORA)…
Internal Audit

The Great DORA Race: Planning for Success – The Importance of Planning and Stakeholder Engagement for Successful DORA Implementation

As the deadline for compliance with the Digital Operational Resilience Act (DORA) approaches, financial entities…
04 Get in Touch

Contact

Greg Szabo

Internal Audit Leader

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