What We Do
Audit, Assurance and Risk Management
Our audits are risk based. We focus on our client's business risks knowing that when risks are properly managed the client can concentrate on their strategic objectives. Services falling under this product include:
- External Audit & Assurance Services
- Internal Audit Services
- Risk Management Advisory
- Forensic Audit and Investigation
- Financial Statements Sudits
- Government Audits
1. External Audit & Assurance Services
We adopt a "Risk-based audit" approach which blends technical competencies with a detailed knowledge of the client and their needs. We obtain an in-depth understanding of the risks associated with each operating cycle and focus on the best way to mitigate them and maximize stakeholders' values. Under this banner we offer the following audit and assurance services:
- Statutory audit/external audit for companies
- Due diligence for specific purposes
- Independent controls & systems process assurance
- Information Technology audits
Our work includes a review of internal controls adequacy, testing for design effectiveness and on selected transactions testing for operating effectiveness. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatement.
2. Internal Audit Services
SEBANK Associates offer customized solutions to improve the quality and efficiency of an organization's internal audit. Our services range from offering a complete package of internal audit services by way of outsourcing; to performing specific audit reviews based on the needs and requirements of our clients. We also provide various advisory services to internal audit functions; including client internal audit committees. SEBANK's internal audit methodology which is risk based has been developed in accordance with International Professional Practice Framework (IPPF) promulgated by the Institute of the Internal Audit (IIA).
Our services under this category include:- Evaluation of internal control systems for its design and effectiveness.
- Preparation of procedure manuals.
- Performance or value for money audit.
- Reliability of Financial Reporting.
- In house establishing an internal audit department.
- Outsourcing of internal audit departments.
- Checking for compliance with applicable legislations and regulations.
- Ascertaining the Reliability of the management information systems; Management and control of the organization's assets.
- Procurement review and oversight.
- Fixed Assets register maintenance and clean up.
3. Risk Management Advisory
Our expertise and experience in risk management provides an advantage to our clients. We support our clients to identify and assess risks within their businesses, and handle them accordingly.
Our expert risk management teams will work with the Client's management team to develop risk management strategies, policies and procedures; and thereafter oversee the initial implementation of the approved policies and procedures.
Other services include:- Risk Analysis and Assessment.
- Risk Management Strategies.
- Risk Management Training.
- Procurement oversight.
- Co-sourcing of resources.
4. Forensic Audit and Investigation
Fraud undermines the corporate strategy, and can be generated from misstatements arising from dishonest financial reporting, misappropriation of assets, or exploitation of conflict of interest. We provide a variety of investigative services to help clients uncover fraud and recommend suitable remedies to prevent recurring of fraud risks.
Services covered under this category include:- Fraud Prevention Strategies.
- Ad hoc Assignments.
- Financial Investigations.
- Forensic Accounting.
- Special purpose reviews.