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masnet1
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Posted: Mon 13:17, 22 Apr 2013 Post subject: Assurance Services in India |
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OUR 4 STEP ASSURANCE PROCESS INCLUDES
Understand the Business
The objective of understanding the business is to produce a risk map that plots the significance and likelihood of each business risk.
The risk map serves as the platform for determining all subsequent audit work because all subsequent work is focused on addressing the key risks plotted on the map. To develop the risk map we go through the following stages.
Identify Business Risk and Issues: Our team will work with your operational and financial management to jointly assess the environment in which you operate. This provides a structured and industry-specific means of identifying key issues and areas of strategic focus for the business and will be a basis for identifying immediate and longer-term risks.
Evaluate and Prioritize Risk: Having identified the business issues and risks, we complete a comprehensive evaluation of the business risks in order to establish the scope and focus of our work. read more....
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