21.04.2020

An auditor’s job is similar to that of a doctor, in a way that while doctors identify the root causes and factors of an illness, auditors are asked to do the same; understand the root causes of organisational problems and the overall complexity of the organisation.

In order to conduct this successfully, internal auditors need to see the organisation from a different lens. Amongst others, they need a view of the business that allows them to assess risks and high-risk audit findings.

In this way, relevant stakeholders will better understand the situation within an organisation. Shifting between lenses to analyse an organisation from different viewpoints, will lead to an organisation’s success as the analysis will include a more complete perspective.

Apart from improving operational efficiencies, this will lead an organisation to help protect assets and reduce any possibilities of fraud, increase financial reliability and integrity, while also establishing monitoring procedures.

Assurance services that are provided to a business, ensure that risks will be addressed and improved by implementing appropriate and effective strategic planning. This will certainly address the root causes of organisational risks. Other benefits that result from auditing and assurance include increased efficiency in collecting data and relevant reporting, and controlling oversight.

Your organisation can benefit from such benefits when seeking professional guidance from our partner company, A+A Assurance Services Ltd. Its qualified and professional team will understand your business and the transparency needed to meet statutory requirements, while also offering their expertise in the conduction of auditing work, to ensure success to your business.

For more information, you are invited to visit this website, or else get in touch with the Managing Director, Mr. Nicholas Vella, B.Accty (Hons), MIA, CPA on nvella@assurance.com.mt