Management Audit

Bizz Solutions in Bangladesh specializes in internal and management audits, which are primarily conducted in order to provide your company’s management with a clear, comprehensive and unbiased analysis of the functional efficiency of the organization and to suggest possible areas for improvements. We, at Bizz Solutions, strongly believe in internal and management audits being a value addition exercise rather than a mere compliance exercise.

Keeping in mind the Risk Management framework, our internal / management audits adopt ‘Risk-Based Audit’ approach and other tools and techniques for accomplishing the audit objectives. Our internal and management audits focus on:

§  Critical evaluation of internal controls adopted by organizations and suggesting areas for strengthening

§  Review of existing business processes, policies, and practices with a view to suggesting best practices, including a thorough benchmarking exercise

§  Review of Risk Management Framework and its effectiveness with a view to providing suggestions for strengthening the same

§  Constructive review of operations by keeping the client’s business needs in focus

§  Identification and recommendation of areas for cost reduction, revenue optimization and improvement in operational efficiency followed by assistance in their implementation

§  Providing result-oriented and practical solutions followed by support for its implementation

§  Confirmation of proper compliance with the various regulatory provisions and operational manuals

§  Assisting in meeting the clients’ Corporate Governance requirements

Our internal and management audit services include:

ü  Complete outsourcing of internal audit function

ü  Co-sourcing and supplementing internal audit function along with the existing capabilities of the client organization

ü  Deputation of personnel to strengthen the internal audit function of client organization

ü  Conducting concurrent audits with dedicated teams for more focused transaction audits as well as on-line auditing/pre-payment audits

ü  Conducting operational audits through review of business operations, activities, etc.

ü  Conducting special purpose investigative audits

ü  Techno Commercial Concurrent Reviews