In the end, everyone learns that rules are necessary to make the system run smoothly. Freedom without laws means anarchy; laws without freedom means tyranny.

Yōjo Senki

Internal audit and control
Internal audit and control
UHY Yans-Audit carry out audits of operation of companies’ internal controls and key business processes and develop internal control systems “from scratch”
 
We propose two options:
Option 1 (basic): express evaluation of productivity of internal control, which includes
Stage 1 General evaluation of process management efficiency
 
  • We check whether all key elements of business process management comply with business goals
  • We analyse whether organisational structure complies with business development strategy and business objectives
  • We assess whether the goal-setting system is functioning properly in terms of key business processes
 
Stage 2 Analysis of completeness and sufficiency of regulation related to key functions and business processes (internal control and risk management matters)
  • We audit completeness and correctness of formalisation of oversight procedures built in business processes 
  • We analyse the formalisation of improvement and development of internal control and risk management systems
 
Stage 3 General evaluation of efficiency of the internal controls in key business processes
  • We analyse major risks in terms of key business processes
  • We examine the existence of control procedures intended for achievement of objectives of business processes and reduction of risks
  • We evaluate productivity and effectiveness of significant controls in terms of business processes
 
Option 2 (expanded): business process audit, including evaluation of efficiency of the internal control system
Stage 1 General business performance review
  • We carry out cost effectiveness analysis of manufacturers, distribution channels and nomenclature of products
 
Stage 2 Evaluation of operation of the business process management system
  • We evaluate the general management system (strategic, planning and operation management)
  • We assess the allocation of duties and responsibilities among managers and departments
 
Stage 3 Analysis of completeness and sufficiency of regulation of key functions and business processes (internal control and risk management matters)
  • We audit the completeness and accuracy of formalisation of key control procedures used in business processes
  • We analyse the formalisation of matters related to improvement and development of internal control and risk management systems
 
Stage 4 Audit of key business processes, including risk detection and evaluation of efficiency of the internal controls
  • We conduct a procurement audit
  • We conduct an audit of manufacturing processes and waste management
  • We conduct an audit of sales and sales management
  • We conduct a logistics audit
 
Audit is followed by a Report on the effectiveness of the internal controls of key business processes. The Report contains a corrective action plan as well as recommendations on how to improve the internal control system and business processes.

 

Why choose us

​More than 70 professionals work at our firm.

​The service is provided by:

5 auditors are holders of CIA Certificates

14 certified auditors

7 auditors with the new form of unified certificate

2 auditors with an ACCA diploma

6 auditors with a DipIFR diploma

Well-established audit and internal control systems are the most effective tools aimed to detect opportunities for improving the business performance; therefore, they represent a considerable competitive advantages of a company

© Copyright 2012-2018 UHY International Limited. All rights reserved. Audit and Consulting Group UHY Yans-Audit is a full member of Urbach Hacker Young International Limited (UK) and is a part of UHY, an international network of legally independent accounting and consulting firms, each of which is an independent legal entity.