VIP SOLUTIONS CASE STUDY
A technology company with multiple material weaknesses and significant deficiencies wanted to create an Internal Audit department to ensure deficiencies are remediated and ongoing audits are conducted in order to provide assurance that risks are mitigated in preparation of going public.
Develop and align annual Internal Audit plan to the company's strategic goals and objectives.
Develop a plan to staff the newly-formed Internal Audit department.
Develop and implement an audit approach relating to key activities.
Develop Internal Audit Department roadmap to outline task-by-task processes for incoming resources.
Assess and develop internal audit staffing and training plan.
Assess Internal Audit technology and software needs to support audit activities.
Develop and implement audit approach relating to SOX, financial, operational, IT and fraud audits.