Auditing is undoubtedly the primary mode of assessing the effectiveness of a company’s internal controls. Maintaining an efficient system of internal controls is essential for attaining a company’s business objectives, obtaining accurate financial report on its operations, preventing fraud and misappropriation of its assets, and minimizing capital costs.
A business needs to have an efficient audit framework to pursue its corporate goals. The framework facilitates business processes to have internal controls in place to help regulate, track, prevent, and detect irregular operations, while measuring continuing performance, maintaining appropriate business records, and promoting operational productivity.
Technology is underpinning the evolution of these powerful auditing frameworks and solutions that effectively utilizes it. From AI and Machine Learning to analytics, solution providers are embracing innovative technologies to boost the competency of audit management processes. Employing these technologies will bring in greater transparency to the end-to-end processes, while making the job of auditors easy.
Taking into consideration the importance of technology-enabled solutions in the audit management space, this edition of CIO Applications brings you “Top 10 Audit Management Consulting/ Services Companies - 2019”. The edition features some of the leading companies in the audit management space that help businesses improve their policies, governance, and processes. While helping achieve this, these companies also help clients track and solve their internal issues and help them achieve a reliable audit posture in front of investors, shareholders, banks, and tax officials.
