Risk Register Preparation

This service provides preparation, assessment, and analysis of a risk register according to classifications and categories, identifying risks, risk value (impact level and probability), key risk indicators, and risk mitigation plans.

Methodology: Conduct workshops to discuss strategic objectives, internal procedures, as well as tasks and responsibilities, and begin building the register in consultation with risk owners, with final approval by sector heads.

Fieldwork for Risk Assessment and Review

This service reviews the approved risk register, re-evaluates and reviews the risks recorded in the register, and monitors risk mitigation plan implementation.

Methodology: Prepare a risk register review plan, periodically assess risks by the program, review and improve the risk register, and monitor the implementation of risk mitigation plans.

Risk Awareness Program

This service includes raising risk awareness by preparing a set of materials designed to increase awareness and disseminate knowledge about risk management and how to handle them, and sharing them with the beneficiary entity's employees.

Methodology: Prepare risk awareness materials, distribute awareness materials to the beneficiary entity's employees, and conduct workshops to explain risks and how to handle them.

Annual Audit Plan Preparation

This service enables the preparation of an audit plan to identify the departments to be audited based on the preliminary risk assessment and the need for recurring audits of the beneficiary entity's departments.

Methodology: Prepare the annual audit plan for the beneficiary entity, and hold meetings to understand the ongoing activities conducted by the program.

Audit Execution

This service enables the execution of internal audit operations in accordance with the prepared and approved audit plan, to ensure the accuracy and integrity of financial and operational information, and compliance with laws and regulations.

Methodology: Meet with the relevant departments and execute internal audit operations by the program.

Audit Committee Secretariat Management

Managing the secretariat of audit committees at beneficiary entities to support, organize, and coordinate audit committee work at the entity, and contribute significantly to the success of audit operations.

Methodology: Prepare presentation memoranda for committee decisions and directives, coordinate meetings (prepare agendas and review presentation contents), review the committee charter, prepare minutes and decisions, and attend meetings.

Internal Audit Department Establishment

This service establishes an internal audit department for the beneficiary entity to contribute to evaluating and improving the effectiveness of internal control systems, identifying risks, and improving decision-making processes.

Methodology: Meet with the audit department representative at the entity and begin establishing an internal audit department, and work on the audit manual and audit committee charter at the beneficiary entity.