Internal Auditing in Colombia
Internal Auditing in Colombia: Internal controls are a crucial aspect of every corporation to maintain stability, reliability, and to prevent any suspicious activities. Hence, it is necessary for a company to have a reliable, independent entity to constantly analyze its operations, and proactively seek to maintain the company’s integrity. One of the most efficient ways to insure a company against such risks is to perform regular internal audits.
Recently, there have been numerous cases of financial incidents involving foreign subsidiaries in Colombia. One of the main causes of these issues is inefficient work at the foreign subsidiary, due to lack of monitoring from the parent company. If audit is performed directly at the subsidiary, the company has to dedicate much time and effort – and therefore cost – to do so. In addition, the company may not originally know the customs and regulations specific to Colombia, leading to even more difficulties.
Associate staff have reliable professional and educational backgrounds, with high experience in internal auditing, specifically tailored to the authorized system. Our staff comprises Certified Internal Auditors and Certified Public Accountants, which allows us to perform constant, rigorous controls at our customers’ companies via internal audit in Colombia. Furthermore, by performing internal auditing for our clients in Colombia, we enhance the governance process and levels of control of the company over its operations. This ability is constantly demonstrated in the improvement of our clients’ operational organization and risk-management effectiveness.