The recent global financial meltdown presented a number of challenges for most economies – at both the macro and micro level. As a result, today we are witnessing a paradigm shift in the market and investor outlook. Investors now look at every financial statement with great care and voice their concerns for a stronger and more independent corporate governance framework.
The instability in the market urges companies to take quick but cautious steps. Companies are required to respond by enhancing assurance on their activities and by adopting more transparent corporate governance practices to rebuild investor confidence.
Along with the corporate initiatives and the requirements mandated by investors, government policies have brought about an equally strong focus on corporate governance.
The long term sustainability of a business rests on the pillars of transparency and fairness. Those with a long term vision for their organisation acknowledge that corporate governance is more about inclusive and sustainable growth rather than enforcement.
As the importance of corporate governance and accountability increases, companies are in search of a best-fit business risk solution. At Grant Thornton we offer the below mentioned range of solutions that are based on global best practices and tailored to meet your requirements.
The ever increasing requirement for organisations to adopt and demonstrate good corporate governance practices is forcing a change in approach to control assessment in order to fulfill both compliance and operational demands. Using a risk-based approach, a skilled Internal Audit function can provide the necessary focus to co-ordinate an organisation’s response to these new demands.
For many organisations, the range of skills needed to address wider strategic and operational risks associated with Supply Chain, Sales, Procurement, Treasury and IT system, is simply too wide to be found in a small team.
Fulfilling modern expectations of Internal Audit will most inevitably result in an imbalance between resource and internal expertise. Through the delivery of solutions geared to meeting your needs, of fully outsourced, joint sourced, peer review or internal audit advisory services, we can reduce this imbalance.
Our methodology is designed to support your needs at any stage, whether it involves setting up and delivering an entire Internal Audit function or building on work already performed and providing the resource to complete the strategic audit plan you may already have in place.