Operational Audits Services in Kuala Lumpur, Penang
Operational audits are performed by companies and organisations to evaluate the present status and projected future results of their various activities and operations. Reviewing one’s own operations does not always guarantee perfect objectivity; because employees are familiar with their own work they tend to discount extraneous circumstances or otherwise fail to gain insight from the data. This necessitates having to invite an external “auditor” who then reviews and analyses the data with an objective eye.
Why Do You Need Operational Audit Services?
Over the course of an organisation operating in its domain, inefficiencies and other negative factors build up in the work flow.
- Regular assessment of the operations is necessary to maintain optimum efficiency and performance. The process of evaluating the various operations and related activities is undertaken by an operational auditor.
- While the process at its core is similar to a financial audit undertaken by an accountant, the operational audit is concerned with a review of the business practices and identifying areas where improvements might be made.
- As with other business process audit services, operational audits must take place at the organisational level and not at the departmental level. Because large business operations encompass several specialised and integrated departments, the operational audit must evaluate the organisation as a whole and not focus on individual sectors, though in depth evaluation can also be undertaken.
The operational audit aims to verify if the various parameters and control factors of a business operation are at the correct values such that the efficiency and efficacy of the operation is optimal.
- For businesses, this can lead to a reduction in their overhead and better utilisation of available resources.
- An operational audit might also uncover faults and flaws that might be holding back the entire process by creating bottlenecks in the flow of operations.
- Bottlenecks can lead to loss of competitiveness and an overall lower performance in sectors that are already optimised.
Why Choose OneAccounting?
OneAccounting has provided cutting edge operational audit services for many years now. Our award winning team of talented professionals have delivered the benchmark of services, making us the number one provider of auditing services in the country. Our clients, who range from government agencies to startup companies have benefited tremendously from our accurate auditing services in the form of higher efficiency and reduced operational overhead. Profit margins have increased considerably as a result of implementing the recommendations from the performed audit. With OneAccounting, greater operational stability is within your reach.
Contact us at sales@accountingmalaysia.com for a free, no obligation first time consultation with our friendly staff now.