Internal Audit:
In today's volatile business environment, organizations face a wide array of complex business risks.
 These risks come in the form of many issues:
- Regulatory compliance
- Litigation
- Competitive market pressures
- Changing technology
- Investor demands
- Corporate governance
- Business ethics
- Accountability
We assist our clients to effectively manage business risks by providing a full spectrum of:
- Corporate governance
- Risk management
- Internal audit services
These services are tailored to meet clients’ individual needs, and provide effective support to management in meeting the challenges and opportunities presented by today's complex business environment.
Our services enable clients to effectively co-ordinate their key growth, quality and operational challenges - and working in partnership with us, clients have the benefits of JTS's experienced, objective, and industry-grounded viewpoints.
Management Audits
Productivity and efficiency of management are key determinants of an organization's success. Our procedures aim to maximize management performance by focusing on improving processes within the organization.
JTS’s professionals provide their services to the organization in the following mentioned steps:
- Establishing the objects of organization - The first job in the management audit is to identify the objectives of the business organization.
- Evaluation of the organization structure - Next step in the management audit is to evaluate the organization structure. To find out that whether the structure is enough to achieve the goals of the organizations.
- Evaluating the policies of the organization - Evaluating the policies of the organization is very important. Any scope of improvement in it should be reported.
- Reviewing the actual performance - Auditor should review the actual performance of the various work centers. The performance should be carefully and critically evaluated. Any scope of the improvement or inefficient working should be reported.
- Report - On the basis of the above steps, auditor should prepare a report and
submit to the appointing authority. The report should point out all the weak and inefficient points present in the organization.
System Audit
 Information and Information Technology (IT) are amongst the key resources of the modern enterprise. Effectively controlled IT environment is essential not just for IT systems. It serves the administrative, accounting, operating and informationmanagement systems as well. The premium on effective control in a fast-moving IT-dependent business world is not easy to discharge. Business IT is getting increasingly complex and difficult to understand. In such a situation IT audit forms an essential part of business to measure the effective use of IT in an organization by ranking how well it identifies and meets specified objectives so as to achieve success and competitive edge in the business.
Our professionals review the complete
- IT infrastructure
- Networking
- Business Applications
- Data Security and Controls
Primary focus of this audit is to protect the information assets in line with business risks. Audit is conducted with the help of comprehensive audit checklists and necessary audit tools.
Due-diligence
Due diligence is to allow the investigating party to find out everything that it needs to know about the subject of the due diligence.
The relevant areas of concern may include the financial, legal, labor, tax, IT, environment and market/commercial situation of the company. Other areas include intellectual property, real and personal property, insurance and liability coverage, debt instrument review, employee benefits and labor matters, immigration, and international transactions.
This then allows the investigator to consider his options in light of the facts:
- Withdrawal from the deal - if the due diligence unearths information that makes the investment, loan or participation risky or undesirable and which cannot be adequately resolved.
- Adjust the valuation of the investment - The investigator may revise his valuation of the company or reassess the price at which it will provide services. Usually the information will be adverse and therefore the valuation will go down or the price will go up, as positive information will have been made more publicly available by the target from the start.
- Have the problem remedied - It may be possible for a problem uncovered by the due diligence to be remedied before the deal goes ahead. For example, unpaid stamp duty could be paid, company filings could be put in order or, if negative information is uncovered on a principal of the target company, the investor may put pressure on the target firm to replace that individual. This will mean that the target is put into a state that the investigator is happier with before it deals with it.
|
