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Newsflash!

The Department for Business has now issued a consultation paper on additional paternity leave, which will come into force April next year - it will give fathers further paid time off, businesses have 12 months to plan for the potential disruption.

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Internal Audit Consultancy

AccessRM provide an Independent "Risk Based Auditing" service that focuses on the response of the organisation to the risks it faces in achieving its goals and objectives. Unlike other forms of audit, a Risk Based Audit starts with business objectives and their associated risks rather than the need for controls. It aims to give independent assurance that risks are being managed to an acceptable level and to facilitate improvements where necessary.

The role of our Auditors under within service is to review the risk management processes (as opposed to purely internal controls) that are in place, to reduce these risks to a level that is acceptable to the organisation or the stakeholders. As we are independent you are assured of an objective and complete review of the risks you or your clients face.

Internal Audit process/stages outlined below:

Initial Research & Identification of the Business Objectives
Pre-Audit Meeting
Audit
Draft Report
Close Out Meeting
Final Report
Agreed Follow-up Actions
Feedback as appropriate to the various stakeholders


IIA Definition of Internal Audit (www.iia.org.uk)

'Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.'

CIPFA Definition of Internal Audit (www.cipfa.org.uk)

'Internal Audit is an assurance function that primarily provides an independent and objective opinion to the organisation on the control environment comprising risk management, control and governance by evaluating its effectiveness in achieving the organisations objectives. It objectively examines, evaluates and reports on the adequacy of the internal control environment as a contribution to the proper, economic, efficient and effective use of resources.'
 
 
 

 

 

 

AccessRM the leading provider of corporate governance & risk management services | www.accessrm.co.uk | Copyright © Access Risk Management Group Limited | Phone: 0844 804 5252 | Fax 0844 804 5252 | Office: 68 Lombard Street, London EC3V 9LJ