THE UNPRECEDENTED CONTROL SYSTEM at work for you
Astral Consulting Ltd., is a leading provider of Internal Audit services with more than two decades years of specialization in Risk based Internal Audit products including process based internal audits and IT audits
We have been offering tailored solutions to meet the distinct needs of our clients through our well documented audit methodology which are in line with the international best practices.
Astral has been supporting Boards and Managements of many esteemed organizations in addressing their essential business concerns by helping the internal audit functions increase the stakeholder satisfaction.
Key challenges are
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We adopt the COSO small business internal control guidance, endorsed by the Institute of Internal Auditors Inc, to supplement our leading edge audit tools and techniques, for documenting and assessing the internal control environment within our small business clients segment. The COSO small business framework addresses the control issues commonly experienced in smaller companies such as adequacy of formalized documentation, audit trails, segregation of duties, management override and the increased role and importance of effective monitoring.
The evaluation of internal control requires an assessment of 5 internal control components:
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Each component is assessed on specified attributes. Our well-balanced approach helps our clients to develop and introduce effective internal controls which help them mitigate enterprise risks effectively, maximize opportunities and meet business and organizational objectives.
Our well balanced approach will help you achieve your organizational and business objectives, minimize threats and maximize opportunities.
World-class audit process: Backed by the strength of world-class audit processes we have been enabling our clients across industry domains realize risk management benefits, from assessment to transformation.
Internal controls providing bridge to success
Our internal audit approach enables management and the board of directors to make smarter decisions regarding the types of controls necessary and the level of controls necessary to achieve the organizations objectives.
We consider our client's organization complexity, as well as the complexity of transactions, dispersion of operations, and sophistication of computer applications in determining our audit approach. Our COSO based approach guidance, once applied, will enable an organization to determine the important controls, assess those controls efficiently, and make a assessment as to their design and operating effectiveness. By designing and monitoring only those key controls that are right - sized for small business firms, management will be able to avoid unnecessary or duplicate controls and testing.
Apart from internal controls, we will be addressing the important processes mentioned below to ensure significant improvement in the business processes efficiency:
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