Product description
KPMG's Management Assurance Services department can
provide management with the requisite level of assurance to address their concerns in both
financial and operational areas. Our approach focuses on business risks and we work with
management to identify their needs taking into account key performance indicators and
critical success factors. The actions adopted by management should be approved by the
audit committee.
KPMG can provide specialist skills, including those
outside of financial areas, that entities may not ordinarily be able to finance due to the
cost of employing and retaining appropriately qualified staff.
We have recognised the need for corporations to review
their internal audit function and there are three ways in which we can be of assistance:
- conduct a peer review to ensure that sound internal audit
processes are in place;
- become involved in a partial outsourcing arrangement;
- conduct the whole internal audit function as an outsource
provider.
Our processes are carefully planned and developed in
conjunction with management to be efficient and cost effective. We focus on high level
controls and information streams upon which management rely and which will ultimately
allow them to discharge their responsibilities.
Our action plans will assist the development of a robust
internal control framework and provide the directors and management with assurance that
business risks critical to the success of the enterprise are being properly managed. |
