Internal Audit Services

Internal audit is mandatory for all listed companies and companies that are registered or licensed by the Monetary Authority of Singapore (MAS) such as fund managers, payment service providers, and capital markets services providers.

Corporate Governance

Identify and evaluate corporate governance risks.

Assess impact of non-compliance or weaknesses identified.

Provide recommendations to the Audit Committee.

Internal Controls

Assess internal policies and procedures.

  • Identify key controls of processes.

  • Determine if controls are suitably designed to prevent or detect errors, fraud or non-compliance.

  • Evaluate whether controls are consistently applied and achieving intended results.

    • Sample testing of key controls.

    • Verify to supporting documentation.

  • Identify control gaps and weaknesses of key processes.

  • Assess reliability of the financial reporting process.

Quantify impact of gaps or weaknesses in controls identified.

Provide recommendations to Management.

Conduct Internal Audit of Compliance with Regulatory Requirements

Technology Risk Management ("TRM")

TRM internal audit to ascertain if the financial institution has complied with the requirements of the TRM Guidelines issued by the Monetary Authority of Singapore.

Business Continuity Management ("BCM")

BCM internal audit to ascertain if the financial institution has complied with the requirements of the BCM Guidelines issued by the Monetary Authority of Singapore.

SGX Sustainability Reporting

Review mandatory sustainability reporting process in accordance with the Singapore Exchange (SGX) Rules.

Outsourced Internal Audit Resources in Singapore and the Asia Pacific region

Entire Internal Audit function

  • Work scope agreed with clients’ Audit Committee and Management.

  • Internal audit plan typically implemented in two to three-year cycles.

Internal Audit resources for regional audits

We complement the internal audit teams of companies with core internal audit teams who require support in Singapore or the Asia Pacific region.

Ad-hoc Internal Audit

For overseas companies that conduct internal audits on some subsidiaries once every few years in the region and do not have sufficient resources to send to certain locations in the Asia Pacific region.