Business Advisory and Internal Audit
Our vast experience in the field of process advisory, coupled with our keen insight of business principles enables us to identify the problems faced by the organizations and provide feasible solutions that cater to the specific need of our clients.
The end result of an internal audit is no longer limited to focusing on the processes and controls surrounding financial reporting. Internal audit now has a more strategic role. It can create value by identifying enterprise-wide risks, leveraging synergies, monitoring and providing early warning of new risks; and improving processes/ efficiency. P. R. Dhakal & Associates provides a platform to its clients to achieve more from the business by providing internal audit services of highest standard.
Risk Assessment is the identification and analysis of risks that influence the accomplishment of an organization’s objectives, and determining the risk management processes. Risk assessment involves determining the operating objectives, systematic identification of activities/ events that could prevent a business unit from achieving its objectives. At P. R. Dhakal & Associates, we aim at creating an analytical tool that maps out the potential alarming glitches and the preventive measures to avoid those glitches.
Standard Operating Procedures (SOPs) is a mandatory component of any business model. SOPs act as the process book that describes a set of procedures and protocols for a particular action. Standard Operating Procedures describe how processes execute as well as detailing the roles and resources that are involved in a particular process. At P. R. Dhakal & Associates, we take care of SOP development by creating it, reviewing it and periodically updating the SOPs.
The P. R. Dhakal & Associates advanced and analytical audit approach focuses on internal control and operational process analysis to ensure maximum productivity and efficiency in the processes/ practices. We work to identify the areas of weakness that violate or have the potential to violate legislative business policies, regulations and legal requirements. The end result gives our client streamlined operations which are safe and generates high ROIs
IS audit is an examination of the management controls within an Information technology (IT) infrastructure. At P. R. Dhakal & Associates, we conduct IS Audits in two phases. First by gathering information and planning; second by gaining an understanding of the existing internal control structure. A number of organizations are now moving to a risk-based audit approach which is used to assess risk and helps an IT/IS auditor to make the decision as to whether to perform compliance testing or substantive testing.
Our experience and expertise enables us to provide solid guidance from the start of the SOX compliance engagement by creating long term compliance objectives for our clients. At P. R. Dhakal & Associates, we aim at providing our clients with customized, industry approved approaches that paves the way for our client’s compliance initiatives. We aim at offering cost effective loan staffing, complete SOX teams, project managers/ supervisors and advisory for most industries.