Objectives:
To assess the effectiveness and efficiency of a company's operations;
To assess compliance with the applicable laws and regulations;
To assess reliability and integrity of financial and operational information, and;
To assess compliance with internal policies and procedures.
Scope of Work:
Our scope of work is designed to ensure the accomplishment of the assigned objectives mentioned above.
Below is a summary of our scope of work:
• Reviewing the reliability and integrity of financial and operating information
and the means used to identify, measure, classify, and report such information;
• Reviewing the adequacy of internal controls;
• Reviewing the systems established to ensure compliance with policies, plans,
procedures, laws, and regulations which could have a significant impact on
operations and reports and whether the company is in compliance;
• Reviewing the means of safeguarding assets;
• Reviewing and appraising the economy and efficiency with which resources
are employed;
• Reviewing operations or programs to ascertain whether results are consistent
with established objectives and goals and whether the operations or programs
are being carried out as planned;
• Reviewing specific operations at the request of the Audit Committee or
management, as appropriate;
• Monitoring and evaluating the effectiveness of the company's risk management and
governance processes; and
• Reviewing the adequacy of IT controls.