Performance Improvement

We connect strategy to operations to deliver lasting impact. In the face of rapid change, you cannot get by with a stagnant operating model or a strategy that sits on the shelf. We work with you to envision, develop and execute dynamic business strategies that drive profitability amid disruption. Also, we help companies avoid and manage critical business threats and protect their brands and reputations.

Internal Control Framework & Monitoring System

Our Internal Control Compliance team’s goal is to help your organization put in place and maintain a strong and leverageable internal control program. Our team works intimately with yours to understand your organization better and pinpoint your distinctive internal control structure. Our services are not only focused on whether your company is public or private, we can also provide a variety of industry-specific services to better assist you in remaining compliant. Our Internal Control Compliance team works with your team to ensure your organization is running effectively and efficiently while maintaining compliance with all applicable laws and regulations.

Core Risk Manual Development

In today’s highly interconnected global economy, organizations face a myriad of threats of internal and external disruptions to business operations. Crises or catastrophic events typically occur within a compressed period, have the potential to critically affect a company’s ability to achieve its mission, frequently result in significant financial or reputational loss, and usually require an immediate cross-functional and cross-organizational response. Some risks can be planned for, monitored, and mitigated; but other high-impact, hard-to-predict events are occurring more often. Is your organization fully prepared to respond to disruptions?

Due to the unpredictable nature of a crisis and the potential impact on an organization’s viability, it is important for organizations to prepare in advance for both a crisis and a response. As part of our broad range of Advisory services across our network of firms, Bizz Solutions professionals assist member firm clients in answering these difficult questions:

§  Are we prepared for a crisis?

§  Do we understand all of our potential risks?

§  Have we thought “outside the box” about our risks and responses?

§  Do we have clear decision-making protocols and responsibilities?

§  Do we have an appropriate response or responses documented?

§  Do we have the right resources and advisors readily available in the event of a crisis?

Effective crisis planning and response can limit business interruption and the associated costs of a crisis and its aftermath. Bizz Solutions provides strategic and tactical insights and skills to help enhance organizations’ response to a crisis and risks through developing tailored risk manual for your organization.

Internal Audit

The global business landscape is being reshaped by transformational events and trends. Moreover, that means the financial and reporting environment is also being reshaped, resulting in significant challenges for management, boards, audit committees and auditors. High-performing companies know that confidence breeds success. The audit is about attesting to accomplishments and challenges and helping to assure strong foundations for future aspirations. Financial statement audits give assurance over information used by investors and the capital markets. That is why more and more of the world’s leading companies are choosing to work with us as when it comes to delivering an audit, quality is Bizz Solutions’s top priority.

Bizz Solutions illuminates the what, how, and why of change so you are always ready to act ahead. Bizz Solutions Audit professionals take it very seriously, applying powerful D&A routines to create better audit evidence and gain deeper insights, and exploring the role auditors can and should play by engaging stakeholders to better understand their views through Bizz Solutions’s ‘Value of Audit’ forum. We are innovating to better serve the capital markets and society as a whole. Our audit professionals’ foremost responsibility is to serve investors, the capital markets, audit committees and management with reasonable assurance. Our approach is to deliver a quality audit that is risk-based, industry-specific, and tailored to your particular operational structure and size. 

Information System Audit

Every organization needs to balance its users’ technology needs — speed, ease of use and convenience — against the critical need to keep information safe and secure against a variety of sophisticated threats and potential liability. This is why every organization needs to perform information technology audits. Our IT security risk management services help organizations mitigate risks to their mission-critical data and systems. Our IT audits help you ensure that systems optimally support your organization’s strategic vision working together at your audit work plan, our IT audit consultants contribute to your organization’s risk assessment process. We conduct a variety of IT audits – which are customized to your business – that address security, compliance performance, and overall risk.

Bizz Solutions Information System Audit services provide an independent and objective review of IT infrastructure, control configuration, and regulatory compliance through in-depth testing and expert analysis. Bizz Solutions’s auditors maintain a number of professional certifications including Certified Information Systems Auditor, Certified Information Security Manager, Certified Information Systems Security Professional, Certified in Risk and Information Systems Control, Microsoft Certified Professional and Certified Ethical Hacker.

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

Operational Audit

No matter how innovative or well-conceived your business strategy, if your operations cannot meet the mark that strategy can never become reality. Bizz Solutions firmly believes in providing value-added services through highest levels of professional competency and integrity to its clients. Our operational audit services are designed to suit individual client specific needs which can provide assistance in managing key business concerns, be it achieving your strategic business goals, meet operational challenges, comply with regulatory norms or manage reporting requirements.