Prodigy Risk Advisory being a sister company of The Prodigy Group is a one-stop consulting service provider providing a wide range of professional services which caters to your organisation audit needs.
As a leader in the automated continuous auditing, we are able to assist the organisation in performing continuous auditing which usually involves automated testing of all transactions and system activities. With the use of our audit software which enable us to perform 100% testing effectively and efficiently within seconds. It also enables us to develop scripts to perform complicated audit tests to detect data integrity problems, errors and irregularities or even fraudulent activities.
Lead by a team of professionals expertise with extensive experience and accurate foresight, you can assured that we are with you right from conception through your implementation and towards successful operations, and trust us in managing our engagement effectively and efficiently with minimum disruption your operations yet meeting the expectation of you’re your management and Audit Committee. As that is why, Prodigy Risk Advisory had rightly been identified as a reliable consultancy provider in the industries.
Risk-based Internal Audit Planning
The planning begins by identifying enterprise risks in business units and activities. Risks are then measured by their likelihood and impact. The units/activities are assessed to determined their ratings and priorities. A resulting corporate risk profile forms the key basis for developing an internal audit plan. Any management, operational and regulatory matters shall be evaluated during the planning.
Our approach is in accordance with the recommended International Standards for the Professional Practices of Internal Auditing, established by The Institute of Internal Auditors, Inc. Using this approach, we assure that your internal audit plan, audit projects and risk assessment are in concert and alignment with your business and operational risks. Our consultant can help you to get started relatively painlessly, lending creditability to your audit plan, enhance your audit organisation’s profile, and assure you meet the Professional Practice Standards.
ERM
We can help your organisation by designing a proper ERM framework according to COSO or other international recognised frameworks. Tapping on our consultants’ extensive experience and expertise, we can help you develop your corporate risk policy, risk tolerance, risk committee/function, and evaluate your corporate risk profiles and risk culture. Even if your organisation has adopted an ERM framework, we can provide assurances, working with your internal auditors if needed, to your management and directors on the effectiveness of your risk management processes.
Governance
Prodigy can work with companies at an enterprise wide level to improve business ethics, effective internal controls and corporate governance. Our consultant’s work is consistent with COSO in designing an integrated framework for defining the essential risk management components of a company. This specialised area of governance is becoming more crucial as governments introduce legislation (for example the Sarbanes-Oxley Act) to prevent fraud from occurring and to ensure company compliance.
Program Implementation
In utilising our services, the internal risk management and senior management teams have access to world-class risk specialists. Our consultant can define the risk management.
Other Professional Services
Internal Audit;
Data Analysis;
Training for Internal Auditors;
Implementation of Continuous Auditing /Monitoring;
Implementation or review of Corporate Governance;
Development or implementation of Enterprise Risk Management Framework;
Review of existing Enterprise Risk Management Framework;
Implementation of Control Self Assessment;
Review or documentation of Standard Operating Procedures; and
Quality Assurance Review for in-house internal audit function.
