Internal Audit
This is comprehensive evaluation of internal controls, internal systems and internal processes. Our main objective is to protect and enhance the value of our clients. Internal Audit helps management to understand what the organization’s key risks to success of their strategy are and subsequently then provide recommendation and assurance that the key controls to managing those risks are sound.
Our Internal Audit approach is comprehensive, helping us to understand all the issues impacting your business and how to provide recommendations and develop good risk management practices to ensure mitigation of the identified risks.
We do not just find where attention must be focused, but we also highlight areas that are over-controlled and showing whether too much time and cost is going into a particular aspect of operations without benefit.
Forensic Audit
Our forensic services help clients find and assess the relevant facts concerning alleged or suspected fraud, misconduct, or other improprieties such as violations of laws, regulations, contracts or organisational policies.
Today, fraud is more sophisticated and devastating than ever. Modern fraud has become more complicated requiring a special skill to be able to unearth, build a compelling case where needed and mitigating risks.
At Mshauri Associates, we recognize that every fraud is unique, as each fraud has its own set of facts and details. We seek to understand the nature of fraud and design our work approach and programs specific to the nature of fraud as well as the objectives and scope of the investigation audit and procedure to be performed.
We combine accounting, legal and Information systems expertise to tackle even the most complicated cases.
Inventory Audit
Inventory is generally considered a high-risk account balance because it has a direct impact on profit. For companies whose principal activities are mainly trading, import or export of goods and manufacturing, there will be high volume of inventory movements which creates the risk of misstatement of these account balances.
Our vast experience in this field has enabled us to conduct Inventory Audits to our clients in the manufacturing and trading sector as well as companies in various fields of industries.
Information System Audit
Adoption of Information Technology (IT) in organizations has been growing at a rapid pace. The use of technology has evolved from the automation of structured processes to systems that are truly revolutionary in that they introduce change into the fundamental business procedures.
Our IT audit process is crafted to not only verify the internal controls and integrity of information but also to safeguard organization’s assets, maintaining the integrity of stored and communicated data, supporting organizations in achieving their objectives and achieving operational efficiency. IT system audit involves:
- Understanding of clients’ businesses, assessments of strategic business risks and IT
- Review of the Information System for its efficiency and effectiveness in value.
- Review of the integrity, reliability and viability of the information System.
- Undertaking reviews to ensure that controls put in place mitigate IT risks
- Reporting to the management on findings and recommendation