Our services include the employment of the managers and employees of the internal audit department, preparation of annual internal audit plans in consultation with board members and other services required to commence the internal audit within the organisation. In order for internal audit units to be successful in companies, it is essential to establish an Audit Committee consisting of independent members from the company management and/or appoint independent board members in charge of overseeing the internal audit. As part of internal audit consultancy, we offer our expertise in audit committees and independent board advisory to companies that are willing to instigate internal audit function in their organizations.
Risk Management is effective if there is a successful implementation of internal audit function within the company. The basic elements of a risk management system is identifying the strategic, inherent, financial and operational risks, measuring those risks and developing action plans to eliminate those risks. Over the years, we have built up extensive audit experience in several various industries that equipped us with in-depth capabilities in risk management and internal audit advisory services. Further; Ferda Elerman’s vast experience in four large size manufacturing company as the head of audit committee and independent audit director over the last seven years is also another strong testimonial of our expertise in this area.