Our Value Propositions
Cyber Security Audit Risk Reduction
We help Chief Audit Executives (CAEs) to reduce cyber security audit risk by enhancing their internal audit functions' capability to effectively assess cyber security risks, identify, and test critical cyber security controls, on a co-sourced basis without increasing functions' head count. Our support enables the CAE to significantly improve the level of cyber security risk assurance to management and the board of directors. This elevates the role of internal audit function as a center of excellence in helping the company to assess cyber security risks and effectively mitigate the risks.
Fraud Loss Reduction
We also help organizations to reduce fraud losses through effective and efficient internal controls, and risk-based internal audits known to reduce fraud losses by over 60% . Studies by the Association of Certified Fraud Examiners (ACFE) estimate that a typical organization loses 5% of revenues each year to fraud. Effective anti-fraud measures can increase an organization's profitability by over 3% annually.
Co-Sourced/Out-Sourced Internal Audits
We collaborate with client management to provide comprehensive risk-based co-sourced or out-sourced internal audit services. We leverage our expertise and experience in performing financial, IT, operational, and regulatory compliance audits to provide assurance on whether internal controls are properly designed and implemented to mitigate risks. Our internal audit services are on a fixed fee basis – 25% to 30% lower than in-house solution.