The business should ensure competent internal auditor are assigned to conduct the audit. A process for internal audit should be placed to schedule, plan, conduct audit and report audit findings to the management.
These audits supplement the work of their regular staffs and raise the bar on their auditing procedures.
Some of the key benefits of internal audits
- Identifies inefficiencies in operational activities and provides action plan/recommendation to improve the overall efficacy of procedures.
- Increases accountability within the organisation.
- Serves as a type of an Early Warning System; it help find deficiencies and their remedies on a timely basis (i.e. before external, regulatory or compliance audits)
- Identifies gaps, non-conformances and areas for improvement that can be used in internal strategic planning.
- Improves the management of internal control within the organisation
- Satisfies the requirement of ISO management system standard
Scope of work:The scope of the proposed consulting project consists of – but is not limited to – the following elements:
1. Internal Audit Plan
2. Internal audit of entire system Identifying
a. Nonconformance (List provided during audit)
b. Observations / Recommendations
c. Opportunities for continuous Improvement
3. Potential Best Practice
4. Audit report and nonconformances identified
5. Corrective action guidance
6. Entire system to be audited once per year unless documented differently
7. Areas audited will be based on past performance, importance.
8. Additional audits may be required based on area performance and can be performed by Management Solutions Group or Internal personnel. Management Solutions Group will provide guidance.
Internal Audit Deliverables:
1. Revised Internal audit procedure to include the contracting internal audits
2. Internal audit plan
3. Internal audit report
4. Signed Training Records for guides for Internal Audit when Requested
5. Clearly defined written nonconformances, Observations, and Recommendations
6. Corrective action guidance
7. Corrective action review and signoff (Guidance given offsite)
This is what we need from you:
1. Provide Management Solutions Group with defined business objectives for incorporation into audit plan.
2. Management team to attend Internal audit opening and closing meetingCommunity Partnerships between public and private businesses and organizations aimed at creating mutually beneficial economic development.