The traditional role of internal audit that was primarily focus on transaction-based compliance work is no longer able to fulfil the sophisticated needs of contemporary stakeholders.

A contemporary internal audit function needs to be vibrant, strategic and risk focused to create sustainable value propositions that responds to the dynamic business environment.

at Columbus Advisory,

We provide Internal Audit Services which meets the needs of organisations to address Governance, Risk and Compliance issues in a true sense.

Our Internal Audit Methodology goes beyond the traditional transaction based compliance audit and consists of a flexible and robust 4-step approach which can be individually tailored to meet the specific needs of any organisation. This would ensure that the design and operational effectiveness of internal controls relating to key business processes are adequately intact and assessed.

a. Internal Audit Outsourcing/Co-sourcing

The internal audit needs of each organisation are unique. Due to demand for a high level of expertise and pressure to reduce cost, many organisations prefer to have Columbus Advisory meet their internal audit needs under a continuous, full-service outsourcing or co-sourcing arrangement.

Our unique risk-based internal audit methodology helps organisation to remain focused on key strategic areas of the organisation and we help management to continuously improve controls in these areas.

b. Internal Audit Transformation

Our Internal Audit Transformation professionals possess a systematic and disciplined approach to align the practices of internal auditing with expectations of the Audit Committee and Senior Management.

We also assist organisations in evaluating the effectiveness of internal audit functions and provide recommendations for improvements through the Quality Assurance Review (“QAR”) Service.

c. Data Mining & Analytics

Our Data Mining & Analytics professionals provide analytical models and tools necessary to conduct indepth analysis of a wide range of critical data on strategic, operational and financial issues. This assists organisations in making effective decisions when considering business opportunities and risks, thus leading to an increase of revenue and reduction of costs.