Operations and Compliance Internal Audit
Our Internal Audit service helps large and mid-size organizations that seek an independent and objective observer to monitor performance, providing reassurance to the Board of Directors, regulatory authorities, and other interested parties with regard to the proper management of the company. Mazars is a strategic ally for consolidating the practice of internal auditing in your organization.
Challenges for Operations and Compliance Internal Audit
One of the main challenges faced in the practice of internal auditing is the inability to undertake an efficient and integral review of the entity, which requires covering aspects of corporate governance, regulatory compliance, operating processes, internal controls, information technology, and, in some cases, special assignments. The difficulty of such an undertaking lies in the limited time available to be assigned to such activities, as well as limited human and financial resources.
Another significant challenge is that there are currently entities that exist without any independent supervisory body that monitors their operations, a situation that can create uncertainty for the Board of Directors with respect to the performance of those responsible for managing the company.
Mazars offers Operations and Compliance Internal Audit services
In order to face the aforementioned challenges, Mazars offers the following services:
- Technology-based implementation of an internal auditing practice
- Outsourcing and Co-sourcing of Internal Audits
- Evaluation of the Internal Auditing Department’s performance
- Audit of the Corporate Governance system and its components
- Audit of processes, internal controls, and regulatory compliance (CNBV, CNSF)
- Regulatory compliance audits (PLD, LFPDPPP, SSAE18-ISAE3402)
- Forensic audits (fraud, corruption)
We are able to provide the Board of Directors and the Audit Committee reasonable certainty of the proper and prudent management of the organization through a diligent internal auditing practice. Mazars’s method is based on the Internal Auditing standards issued by the Mexican Institute of Internal Auditors.