Internal Audit

An internal audit exercise is essential in keeping your organisation’s operations in check and obtaining an independent assurance that current internal control processes are operating effectively. The process takes a systematic and disciplined approach to evaluate and improve these processes’ effectiveness. The importance of these processes aligning with the organisation’s strategic goals and established standards is underscored by an internal audit exercise focusing on stress-testing key areas.

The findings are compiled and reported to senior management and the board of directors, aiding in safeguarding assets and strengthening corporate governance. Internal audit controls, like chameleons, can be easily adapted across various industries. Practical and concrete solutions are offered to strengthen each business’s internal control framework and effectively mitigate any existing risks on time.

CLA Malta can assist companies and organisations in being proactive in their operations by providing a strategic and value-adding internal audit exercise. It acts as a third line of defence and assures the Board of Directors and Audit Committee regarding the overall effectiveness of their business’s internal operational environment.