Internal Audits Services in Kuala Lumpur, Penang

An internal audit is a self-evaluation tool used by companies to get an idea of where they are with respect to their own goals and objectives. Unlike the usual connotation attached to auditors, internal audits need not necessarily be related to finances, although that definitely is a possibility. Internal audits are performed to check and evaluate the efficacy and robustness of the guidelines and standards maintained by a company, particularly those related to risk management, governance of various operations, and controlling other internal processes.
Why Do You Need An Internal Audit?
Any company can set goals and objectives that they, for various reasons, might fail to achieve. Companies are run by humans, and it is quite possible that due to misguidance or other factors, the performance has taking a hit.

• Internal audits involve a systematic review of all the systems and operations in a company.
• This review is necessary in order to find out if work is being done at the most efficient parameters, the efficacy of risk management, whether the right procedures are being followed, and so on.
• Internal audits are necessary because it is not always possible for people actually engaged in work to realise when their performance becomes sub optimal.
• Internal auditors are professionals, who can be either employed in-house or leased from an auditing services provider, who step in and work with the employees of the target organisation to come up with a plan to improve performance.

Internal audits are not restricted to any internal “departments” since much inefficiency arise from bottlenecks outside a department’s purview.

• Internal auditors work with various departments like IT, finance, accounting, management, etc. and develop an overview of the “flow” of work and its control.
• They then come up with a set of proposed steps and recommendations that are intended to improve the company’s performance in any tangible way.
• This is unique to internal auditors, whereas external auditors work solely in the domain of the finances of a company and are not concerned with any other aspect of a company.

What Makes Us Different?
OneAccounting stands out from the competition with our commitment to putting the client first in all our business dealings. We understand that simply delivering accurate and reliable auditing services is just not enough in this day and age. Our offerings include all associated logistics necessary to deliver a well-rounded product that our clients can use and get immediate benefit out of it. OneAccounting’s auditing services are reputed throughout the industry and our wide range of clients with extreme diversity is testament to the efficacy of our services.