Internal audit (IA) has transformed from requiring a traditional compliance–based approach to requiring a risk-based approach. Its role has grown in importance, helping Audit Committees assess not only key risks associated with business processes, but also with internal control systems. IA has transformed from traditional compliance–based approach into risk-based approach. It has strengthened its role to support Audit Committee in the assessment of internal control system that used to manage key risks associated with business processes.
Pre-IPO internal control review empowers the principal advisor with a risk-based assessment to pinpoint internal control gaps within the organization and close them prior to the IPO exercise.
Quality Assurance Review (QAR) helps organizations elevate in-house internal audit capabilities. QAR also helps strengthen working relationships between the internal audit and other departments.
Meet Our Directors
1. Outsourcing & Co-sourcing of Internal Audit and Data Analytics
How can Tricor Axcelasia support your organization?
- Support Audit Committees to conduct independent controls assessment exercises
- Provide advice to business leaders regarding risk-based controls improvements and requirements
- Provide insights and identify business process or operational gaps
- Help business managers extract value and actionable insights from big data
What strategic advantages can Tricor Axcelasia offer and what capabilities can we help you build?
- Help your organization channel attention and resources towards core business functions
- Guide business managers through a risk-focused and controls thinking approach
What is Tricor Axcelasia’s approach to service delivery?
- Apply a strategic mindset to assess risks and internal control gaps
- Share best practices and practical advice for internal controls
- Employ a highly interactive and constructively challenging approach to push initiatives that improve practical controls
2. Pre-IPO Internal Controls Advisory & Key Controls Review
How can Tricor Axcelasia support your organization?
- Provide independent feedback prior to IPO exercise and identify opportunities for improvement
- Provide a comprehensive report on how to practically address major internal control gaps
- Partner with other business advisors during IPO process
What strategic advantages can Tricor Axcelasia offer and what capabilities can we help you build?
- Enhance risk and internal control thinking and mindset
- Share controls enhancement best practices
What is Tricor Axcelasia’s approach to service delivery?
- Identify and prioritize improvement opportunities for business managers
- Provide continuous support and advice on how to implement change and create sustainable value
3. QAR on Internal Audit Function
How can Tricor Axcelasia support your organization?
- Independent assessment to identify improvements to in-house internal audit function
- Help IA team understand the strategic mindset of Audit Committee and senior management, while aligning IA coverage with key priorities
- Collaborate with in-house teams to decide how best to execute IAs
What strategic advantages can Tricor Axcelasia offer and what capabilities can we help you build?
- Adopt new IA approach to gain the trust of business managers.
- Improve collaboration between IA function and business managers
- Upskill in-house internal audit team members
- Challenge the mindset of in-house internal auditors
What is Tricor Axcelasia’s approach to service delivery?
- Provide a personal touch with an Executive Director working directly with IA teams
- Apply strategic thinking to internal audit planning and execution
