DHG applies a structured approach to help you assess your risk and improve your risk management capabilities.
As a PCAOB-registered firm with a deep understanding of the requirements and compliance needs of highly regulated clients, our dedicated professionals employ best practice methodologies in our Internal Audit. Our solutions-based Internal Audit approach is comprised of six phases:
- Develop understanding of the company’s operations and co-develop engagement expectations
- Document internal controls and assess design effectiveness
- Develop test plans and assess the operating effectiveness of internal controls
- Reporting and communication summary of findings and recommendations
- Remediation
- Evaluation
We apply extensive service and industry knowledge to bring the following to your DHG experience:
- Risk-based approach with defined materiality
- Mapped to financial statement and GL level
- Key internal controls identified and tested
- Timely testing to facilitate needed remediation and retesting
- Communication through all phases
- Documentation constantly updated, including Company’s policies
- Conclusive reporting