Establishing the Internal Audit Charter
Development of a risk register
Establish an audit plan to cover the risks based on the priority and value thereof.
Internal Audit to identify the GAPS in the existing procedures and policies due to which fraud threats prevail in the organization
Develop policies and procedures to block out frauds, losses, project management failures, cost controls failures, control gaps, etc.
Ensure that the check list of threats generated be covered in the review process to ensure effective coverage of risks as a fraud and loss prevention strategy and immediate Management action.
Develop a Hotline for whistleblowers to open communications – This could be connected to the Loss Prevention or Jointly by PROVEX Consulting

Team & Client Management
Establish a Fraud Policy and Witness protection plan to safeguard the whistle blowers.
Establish a strong Pre-Audit process to review all procurement and payment practices prior to commitment
Management commitment to support the actions of Pre-audit to review and implement the change management process needed to prevent losses
Ensure that a Zero Tolerance policy is adopted to set the norm for fraud prevention - Top Management Activity – Process support from PROVEX Consulting Team
Establishing a strong Risk Consulting Team –execute the roadmap towards developing an internal team
Lay down a good ERP duly integrated to Estimation Planning, Material Resource Planning, Accounting and Reporting and Human Resources.