Internal Audit

Today’s regulatory environment, from Sarbanes-Oxley to Corporate Governance, demands that you be at the top of your financial and risk management game. Global Atlantic Partners can ensure that you are in full compliance and give you a tool to keep you there.

Companies are under intense pressure to satisfy stakeholders’ expectations and adhere to society’s legal and regulatory rules. The latter requires a highly effective internal audit function that ensures the right risk management, control, and governance processes are in place to achieve the company’s goals and objectives. We will review your practices, perform control assessments, and develop procedures that comply with Sarbanes-Oxley and beyond.

The days of the Internal Audit function being reactive are over. In the current environment, Internal Audit’s charter is to be a proactive and constructive service to management, independently reviewing operations and evaluating the effectiveness of controls, risk management, and governance. Our services run the full spectrum of either helping Internal Audit Directors assemble the specific skills needed to meet the requirements of their internal audit plan or alternatively outsourcing the internal audit function to GAP to build, execute and track a risk based internal audit plan.

Global Atlantic Partners can help you:

• Enhance your Corporate Governance
  A strong Corporate Governance framework will help your organization reduce risks, identify gaps and take measures to close them to deliver improved corporate performance. It is critical for senior management to set the “tone at the top” and demonstrate the commitment of the organization. The rating agencies, such as Fitch, are now formally evaluating Corporate Governance based upon Board independence and effectiveness, the integrity of the audit process and performance based management compensation. By implementing solutions to strengthen overall corporate governance procedures, you will be able to retain talented employees of the company at all levels and reduce your cost of capital to achieve the greatest value to your stakeholders.
• Conduct a risk management audit
  Our team of experienced financial consultants thoroughly analyzes your organization's risk structure. We identify potential risks to generate a clear and thorough understanding of a product or service and its legal, financial, fiscal and operational implications.
• Develop a risk management concept and Key Risk Indicators
  After identifying your potential risks, we develop a risk management concept tailored to your organization's needs, identify Key Risk Indicators and set up control procedures.
• Evaluate the state of your controls
  Staying current with recent changes, innovations, and emerging trends, our team of CPAs and CIAs is well suited to evaluate the efficiency and effectiveness of your controls. Should your controls need improving, we can assist you with the development and implementation of treatments and action plans aimed at enhancing the adequacy of your controls.
• Implement a risk management structure
  Our executive team implements the appropriate risk management structure in your organization and works side by side with you toward its effective completion. We continue to support you through the initial restructuring and assist you in ironing out any transitional issues that may arise.
• Train risk management "champions"
  Finally, after ensuring that you are completely satisfied with your risk management structure, we train your managers to be risk management experts and help set up clearly defined.
• Serve as an “outsourced” internal audit function and Provide an external quality assessment review of your internal audit function. (Learn more here.)