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Process Design: Optimise business processes through rigorous standardisation and seamless integration to enhance operational efficiency and control effectiveness. Ensure designed processes focus on auditability, regulatory compliance, and operational efficiency.

What we do

Client Concerns:

• Inefficient processes leading to operational bottlenecks and increased costs.
• Lack of process integration resulting in data inconsistencies and errors.
• Misalignment between business and financial processes, and compliance requirements.
• Ambiguity in roles and responsibilities, leading to accountability gaps.
• Auditability concerns of newly designed processes.

Our Solutions:

• Streamline and standardise processes to enhance efficiency and ensure compliance.
• Integrate processes to reduce redundancies, improve data accuracy, and enhance financial reporting reliability.
• Conduct comprehensive process reviews, embed controls, to identify and mitigate risks.
• Strengthen governance frameworks via clear role definitions and enhanced management controls.
• Engage audit team during design phase to ensure audit-ready processes, maintained independence and avoidance of conflicts of interest.

Strengthen your organisation's internal controls by evaluating and enhancing control activities across key financial and operational processes. Ensure controls effectively mitigate risks, support accurate financial reporting, and comply with regulatory requirements.

Client Concerns:

• Inadequate internal controls leading to increased risk of financial misstatements.
• Vulnerability to operational inefficiencies and control failures.
  Non-compliance with regulatory standards, exposure to penalties, and reputational damage.
• Difficulty identifying and addressing root causes of control deficiencies.
• “Controls” design challenges to meet audit standards without compromising effectiveness.

Our Solutions:

• Design and implement robust internal controls to address key assurances, including accuracy, completeness, validity, existence, ownership, valuation, and presentation.
• Develop and maintain risk control matrices that map control activities to identified risks, ensuring effectiveness.
• Perform Root Cause Analysis on control failures to address underlying issues and prevent recurrence.
• Collaborate with risk management teams to align controls with risk appetite and regulatory requirements.
• Obtain feedback from internal audit team during control design phase ensuring audit readiness, without compromise to independence or create conflicts of interest.

Provide independent and objective evaluations of your organisation's governance, risk management, and control processes.

Our internal audit services help you identify areas of improvement, detect potential fraud, and ensure compliance with internal policies and external regulations.

Client Concerns:

• Weak governance structures leading to poor oversight and decision-making.
• Fraud exposure and ineffective fraud detection mechanisms.
• Challenges in maintaining operational compliance with policies and regulations.
• Lack of actionable insights from audit activities, leading to unresolved issues.
• Concerns over internal audit’s independence and potential overlap with other functions.

Our Solutions:

• Conduct thorough assessments of governance, risk management, and control frameworks to identify and address weaknesses.
• Perform targeted audits with focus on fraud detection and prevention via risk assessments, using data analytics, and forensic auditing techniques.
• Provide insightful audit reports with actionable recommendations to enhance control effectiveness, operational efficiency, and compliance.
• Support governance and risk management with objective evaluations. Preserve audit independence and avoid conflicts of interest.

We analyse contracts, providing advice on deal structuring, revenue recognition, capitalisation vs. expense strategies, Accounting Memo production, ensuring full compliance with regulatory standards.

Client Concerns:

• Intangible Asset Capitalisation or Expense determination
• Revenue Recognition Timing
• Incorrect valuation of contract deliverables
• Uncertainty around financial impacts of contract consideration
• Impact of contract price allocation post deal signing.
• Collaboration partner vs Customer relationship distinction
• Adverse deal impacts on earnings and shareholder value
• Compliance with IFRS standards

Our Solutions:

• Comprehensive support from term sheet to contract signing.
• Contract analysis to ensure clear identification of performance obligations.
• Advise on contract structuring to align with desired revenue recognition outcomes.
• Develop models to estimate variable consideration and reassessment.
• Determine methodologies for price allocation pre and post contract execution.
• Preparation of accounting papers and liaison with auditors to support conclusions
• Expert opinions on venture capitalist proposals, especially in Pharma, Biotech, and Med-Tech.
• Regulatory compliance