Internal Audit
Organizations thrive when they continuously innovate, enhance existing services and products, and explore new markets and growth opportunities. At the heart of this dynamic process, internal audit serves as a vital resource, evaluating and overseeing governance, risk management, and compliance systems. In Canada, the complexity of internal audit is well-recognized, demanding a diverse skill set that includes risk assessment, strategic planning, internal controls, operational efficiency, and information technology/security. For many Canadian firms, maintaining all the requisite expertise internally to provide the necessary level of independent assurance and insight is impractical. This is where we KAD Consulting step in, offering specialized internal audit services that bridge the talent gap and support organizations in achieving their strategic objectives.
We at KAD Consulting deliver Quality and Expert internal audit services, leveraging leading practices that we have helped define and shape for the profession.We ensure that our services are not just about compliance but about enhancing overall business performance and resilience. Through our cutting-edge approach, we provide our clients with the clarity and confidence needed to navigate an ever-changing business landscape, empowering them to make informed decisions and achieve sustainable growth.
We collaborate with potential entities to address critical areas:
- Our team is dedicated to working collaboratively with the appropriate members of your organization to minimize risk exposure, maximize opportunities, and optimize performance. We offer comprehensive internal audit solutions tailored to meet your specific needs. Our services include full outsourcing, providing an independent perspective while reporting directly to the audit committee, ensuring complete objectivity and transparency.
- We also offer co-sourcing, partnering with your internal audit functions to enhance your existing capabilities with our specialized expertise.
- Additionally, we support internal audit implementation and transformation, helping you establish or revamp your internal audit processes for greater efficiency and effectiveness. Our quality assurance reviews ensure that your internal audit functions meet the highest standards, providing you with the confidence that your governance, risk management, and compliance systems are robust and reliable. Through these tailored services, we help you navigate complexities, seize opportunities, and drive sustainable growth.
Services We Offer
Our Strategic Outsourcing & Co-Sourcing Solutions
Utilizing leading practices and proven methodologies, alongside advanced tools, skills, and extensive experience, we can meet all your internal audit needs under a comprehensive full-service outsourcing arrangement. By outsourcing your internal audit functions to us, you can optimize the use of your business resources, allowing you to focus on your core operations while ensuring robust governance, risk management, and compliance. This approach not only enhances efficiency and profitability but also provides you with the assurance that your internal audit processes are handled by experts dedicated to delivering the highest standards of service.
It’s challenging for any internal audit department to possess all the required technical expertise and resources to meet evolving demands, and often, this is not a practical approach. We at KAD Consulting have extensive industry knowledge, business process insights, operational proficiency, and technological capabilities enable us to serve as a highly qualified partner for your business. Whatever your co-sourcing needs, we can deliver tailored solutions that complement your internal audit functions, ensuring you have the right expertise and support to navigate complexities and drive success.
Project Consulting Solutions
Enhance the delivery and efficiency of your capital programs and projects with our consulting and construction auditing solutions. We leverage advanced technologies to improve and automate project management and construction compliance. Our Capital Projects Consulting team is composed of professionals with hands-on experience in construction, engineering, procurement, contracting, and construction audit. In today’s rapidly evolving environment, having a trusted advisor who understands the risks and opportunities associated with capital expenditures can significantly enhance the value of your business. With our expertise, you can ensure your capital projects are executed efficiently and effectively, maximizing their value and impact on your organization.
From reviewing costs to ensuring contract compliance, our construction auditing services provide peace of mind that your project will be delivered in alignment with agreed contract terms and conditions and at the right cost. We offer bundling recommendations, vendor tiering strategies, and benchmarking services to align your facilities management strategies and methodologies, ensuring the long-term health of your real estate portfolios. Our proprietary Capital Assessment and Analytics Tool digitizes data to reduce manual input and enhances your ability to make informed, strategic decisions based on real-time project data. We provide cost-reducing and efficiency-based recommendations for improving capital project management through in-depth schedule analysis and risk assessment. Additionally, we offer support for forensic investigations related to capital expenditures and disputes, ensuring thorough and accurate resolution.
Information Technology Audit Services
We at KAD Consulting assists organizations in comprehending their critical technology risks and evaluating their effectiveness in mitigating and managing those risks. With profound expertise in recognized frameworks and a wealth of best practices gained from collaborations with top global audit organizations, our team ensures comprehensive guidance. Our technology auditors and risk practitioners adopt a proactive, business-objective-centric approach, meticulously assessing and advising on all facets of technology utilization. This includes optimizing technology strategies to safeguard and elevate enterprise value, ensuring alignment with organizational objectives and regulatory requirements.
We conduct a comprehensive range of audits and assessments to ensure robust security, governance, and compliance across various domains. This includes security program and governance audits, assessments against frameworks, and rigorous security risk assessments and control testing programs. Our expertise extends to preparing organizations for ransomware incidents, implementing effective incident response protocols, and conducting technical assessments such as privileged access reviews and system testing. We also specialize in auditing cloud strategies and governance, performing security scans, and assessing cloud migration plans while ensuring compliance with regulatory mandates and optimizing the shared responsibility model through frameworks like the Well Architected Framework. Additionally, we evaluate data management and governance practices, conduct data quality assessments, review data privacy programs, and ensure compliance with regulatory requirements. Our independent risk and controls audits provide a critical lens on enterprise projects, supporting management, audit committees, and external regulatory entities throughout project lifecycles. We also assess configuration and application controls, reporting integrity, security models, access management, and segregation of duties using leading commercial and proprietary technology solutions. Lastly, our assessments encompass operational resilience, evaluating disaster recovery and crisis response plans, business resumption strategies, technology infrastructure and architecture, and overall technology delivery capabilities to enhance your organization’s technological and data resilience.
Fraud Risk Management Solutions
We at KAD Consulting specialize in developing a robust infrastructure for assessing, mitigating, and monitoring the risks associated with fraud and misconduct. As technology, economic dynamics, business relationships, and workforce behaviors evolve, there is an increasing demand from management, boards, and shareholders for agile and effective fraud risk management solutions that protect assets, reputation, and market value. Our teams collaborate with organizations to design comprehensive fraud control policies, formulate responsive action plans, implement rigorous risk assessment methodologies, and conduct tailored training and awareness programs. Additionally, we leverage advanced analytic tools and techniques to identify potential indicators of fraud and misconduct, enabling proactive measures to safeguard your organization’s integrity and operational continuity.
With our experience advisors at KAD Consulting, we specialize in crafting and implementing tailored fraud risk management programs to strengthen your anti-fraud strategy. Our approach involves identifying opportunities for improvement to effectively mitigate, prioritize, and monitor risks related to fraud and corruption, which can pose threats to financial stability, operational integrity, and brand reputation. By harnessing the power of data and advanced analytics, we enable businesses to combat sophisticated fraud schemes proactively. Our solutions include developing intelligent threat detection systems and decision-making frameworks that leverage comprehensive data analysis to enhance fraud prevention measures and safeguard organizational assets.
Our Process
Our internal audit solutions leverage deep expertise and industry-specific insights to enhance and safeguard organizational value through our risk-based, objective audit, assessment, and advisory services. As businesses confront increasingly complex challenges, rapid change, and disruptive forces in a continually evolving socioeconomic and regulatory environment, new risks and opportunities emerge. Effectively navigating these dynamics demands an internal audit function that is forward-looking, prioritizing innovation and continuous improvement. It requires access to a comprehensive range of skills and experiences to deliver timely, relevant, and profound insights as a trusted advisor to Audit Committees and business executives.
We equip you with enhanced decision-making insights into the systems and processes that drive your technology, compliance, and operational initiatives. With a focus on expertise, technology, and innovation, we empower you to uncover actionable opportunities that drive significant improvements in business performance.
Let’s collaborate
Our team of experts is committed to delivering practical insights and innovative solutions that meet your unique needs and challenges. Contact us now to begin your journey towards greater efficiency, resilience, and growth.