Typically, a company’s internal audit is ordered by the owner/investor who wants to know what is going on in his company and where the company’s weaknesses are, and whether anyone on the company’s team is abusing his or her authority.
Our practice includes the so-called reverse case, where the internal audit was ordered by the management board of the local company before the internal audit of the foreign owner of the company. The aim was to engage in prevention work and to find the company’s weak points and eliminate them before the foreign owner’s visit.
Once the work had been carried out and the problems identified, the necessary conclusions and corrections had been made and the internal audit commissioned by the foreign owner had gone without comment. The head of the local company had foresight and was smart, identifying the company’s bottlenecks with an internal audit. By eliminating them, they secured their job and ruled out future problems in the company.