Establishing Risk Based Internal Audit - RBIA

Internal Audit and Audit Committee Charter
Internal Audit helps the organization to accomplish its objectives by bringing a systematic and disciplined approach to the evaluation and improvement of the effectiveness of risk management, control, and governance. To provide for the independence of Internal Audit, it is directly reporting to the Audit Committee.
Policies Procedures & Processes for the above Based on “RBIA”
Preparation of Manual for Internal Audit Functions and Procedures Collecting and reviewing the framework and processes across all the activities of the Organization Designing and documenting the formats for conducting, reporting and monitoring the audit findings. Implementing the process to identify, assess, recommend treatment and monitor risks. Establish a system of concurrent audit in high risk areas.
Tools for the Audit. (ACL)
Audit Command Language (ACL) software is one of the computer assisted audits tools that auditors, Accountants and finance executives can use for independent data extraction and analysis for the detection and investigation of frauds in a computerized environment.  
Recruiting and Training
As On Target Consulting (OTC) has executed the above mentioned assignments and has the expertise in such projects, it puts OTC in a better position to train the employees of the organization.