Management Consulting

Internal Audit Department

By realizing the importance of your Internal Audit Department, HLB Parissi has developed Internal Audit Solutions as an additional service tool for our clients.  It provides consulting services to help management implement internal controls on the front end of activities by:

– Assessing the efficiency and effectiveness of the internal audit department based on the Professional Standards issued by the Institute of Internal Auditors and benchmark information.

– Evaluating the internal audit organizational structure, staffing, and internal audit approach including the methods followed for annual risk assessment.

– Determining how internal auditing is perceived through interviews and surveys with customers, including governance personnel and assessing its production and value added.

– Identifying ways to enhance internal audit policies and practices

– Evaluating whether the department conforms to The Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing

Internal Control Review

 In order to promote efficiency, reduce risk of asset loss, and help ensure the reliability of financial and compliance with laws and regulations every entity must establish internal controls.  The HLB Parissi professionals have developed a comprehensive assessment system to evaluate the effectiveness of your company’s internal control structure and develop recommendations to fulfill your objectives.  This assessment system is based on the Internal Control – Integrated Framework and its components developed by the Committee of Sponsoring Organizations (COSO). It is a totally tailor-made system because no two entities will have the same internal control structure.  The objective of this assessment is to determine if the company’s internal control is working properly and is aligned with the company’s goals.  Our professionals are experienced and trained to help you with the assessment, recommendations and the implementation of and efficient internal control system. HLB Parissi will help your company in achieving its goals by making them our goals.