CORPORATE INTERNAL AUDIT

Designed to add value and improve company operations, the Corporate Internal Audit renders independent and objective assurance activity. They achieve it by using a systematic and disciplined approach. With this, they can evaluate and improve the effectiveness of risk management, control, and governance processes.

 
Below are the services from the Corporate Internal Audit:
 
Advisory Engagements
 
These are consulting activities that are generally performed at the specific request of an engagement client. These activities include, but are not limited to the following:
 

• Advice on the interpretation, implementation, or compliance of a unit to the company's control policies

• Other advisory engagements as requested by the Audit Committee Chairman/ President

 
Assurance Engagements
 
Audit of routine or significant processes provided for in the Corporate Internal Audit Workplan.
 

• Revenue Process (Sales Order to Collection)

• Expenditure Process (Purchase to Pay)

• Fixed Assets/ Property Management

• Payroll (Rank and File to Executives)

• Financial Statement Close Process

• IT General Controls

   - Change Management

   - Security (User Access Administration)

   - Computer Operations (Back-up and Recovery, Scheduling, Problem and Incident Monitoring)

• Other assurance audits as requested by the Audit Committee Chairman/President