JHS Associates

Case Study - Banking

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Year

2020

Sector

Banking

Region

Mumbai

Team Size

4

Scope

Assess the effectiveness & capability of IA function with Standards of Professional Practice issued by Institute of Internal Auditors (IIA) and Standards on Internal Audit issued by the Institute of Chartered Accountants of India

Approach

  • Map IA Activities with Standards & Prepare Checklist
  • Develop Client Specific Process Maturity Model
  • Develop Radar for Scoring
  • Process / System Walkthrough
  • Feedback session with Key Stakeholders’
  • Approach and Deployment Testing

    • Delivery

    Peer Review report containing maturity levels for IA function as well as key areas along with improvement opportunities, Key stakeholders’ message, contemporary practices

    Value Added

  • Benchmarking with global and industry best practices,
  • Audit committee interactions on contemporary practices

    • Solution

    Carried out independent review of the
    Internal Audit department using
    capability assessment model
    Apply Now

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