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Great things in business are never done one. They're done by a team of people.
INTERNAL AUDIT SERVICES:
- Internal audit outsourcing or co-sourcing: Providing companies with internal audit expertise, either fully outsourced or in partnership with their internal team.
- Internal audit transformation: Helping organizations enhance the effectiveness and efficiency of their internal audit functions - methodology, tools, etc.
- Risk management: Assisting clients in identifying, assessing, and mitigating various risks - financial, operational, compliance.
- Controls advisory: Evaluating and improving internal controls over financial reporting, operations, and compliance.
IT AUDIT AND ASSURANCE:
- IT risk management: Assessing and mitigating risks related to information technology systems.
- Cybersecurity: Helping organizations protect their information assets from cyber threats.
- System and process assurance: Evaluating the effectiveness of IT systems and business processes.
REGULATORY COMPLIANCE:
- Compliance audits: Performing audits to ensure adherence to specific regulations e.g., environmental, data privacy.
- Anti-money laundering (AML) compliance: Assisting financial institutions in complying with AML regulations.
- Fraud risk management: Helping organizations develop programs to prevent, detect, and respond to fraud.
FINANCIAL REPORTING ADVISORY:
- Accounting change implementation: Assisting companies in implementing new accounting standards.
- Financial reporting improvement: Helping organizations improve the quality and timeliness of their financial reporting.
AUDIT SERVICES
We help our valued clients to get audit done on timely manner suitably from the BB and BSEC list of panel auditors, and other non-panel auditors for private limited company, partnership, proprietorship:
- External audit: an independent examination of an organization's financial statements
- Auditor’s certificate on compliance on the corporate governance code: a formal statement issued by an external auditor, expressing their opinion on whether a company has adhered to the principles and requirements of a specific corporate governance code
- Consolidated audit: an audit of the consolidated financial statements of a parent company and its subsidiaries.
- Project audit: a systematic evaluation of a project's processes, deliverables, and performance, conducted to assess its efficiency, effectiveness, and compliance with project plans, standards, and objectives.
- NGOB audit: a systematic evaluation, similar to a project audit, but focused on an NGO's operations, assesses the organization's efficiency, effectiveness, and compliance with its plans, standards, and objectives.
- PNGO audit: an audit related to NGO operating fund from Papua New Guinean organizations.
- PF audit: a retirement savings scheme audit ensures that the fund is managed correctly, contributions are accurate, and regulations are followed.
- GF audit: an examination of a fund that has been set up to manage gratuity payments to employees.
- WPPF audit: an examination of a fund established by a company to distribute a portion of its profits to its workers.
- Internal audit: an independent, objective assurance and consulting activity designed to add value and improvean organization's operations. It helps an organization achieve its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
- Internal control assessment and audit: the process of evaluating and verifying the effectiveness of an organization's internal controls.
- Financial review: a process of evaluating a company's financial performance and position. It's less extensive than a full audit but provides a level of assurance.
- IFRS/BFRS compliance audit: an examination of a company's financial statements to determine whether they have been prepared in accordance with International Financial Reporting Standards-IFRS or BFRS.
ASSURANCE SERVICES
We also help our valued clients regarding listed services:
- Work with internal audit function to assess the possible risk and deficiency of existing control system
- Redesign the control map to align the business strategy
- Recommend the possible safeguards that reduce any threats to an acceptable level
- Review engagement
- Fixed assets verification
- Inventory verification
- Certification
Why these overlap with audit and assurance:
With HHM Associates, advisory services often fall under the umbrella of audit and assurance because they leverage similar skill sets and knowledge:
- Risk assessment: auditors and advisors need to assess risks to provide valuable insights.
- Control evaluation: A core competency in audit and assurance that's directly applicable to controls advisory.
- Compliance expertise: Understanding regulations is crucial for both compliance audits and advisory.
- Objectivity and independence: The principles of objectivity and independence, central to auditing, are also important in providing credible advisory services.
In HHM Associates essence, audit and assurance provide a foundation of expertise in risk, control, and compliance, which can be effectively applied to a range of advisory and consulting services.