how can we help you on your enterprise risks and controls
TRANSCRIPT
Every business enterprise has its own associated
risks and controls. The enterprise would like to
obtain assurance that the controls put in place to
mitigate risks are effective. So how do you assure
effectiveness? Well to assure that can be done
manually using enterprise data but it can take a lot
of time to conduct. To reduce the amount of time to
conduct an audit, you will need expert analysts
such as us who specialize on advanced Computer
Assisted Audit Techniques (CAATs).
Our CAATs focus on internal, forensic and external
financial audits. That is they focus on the complete
audit process. The methodologies we apply our
CAATs in the complete audit process focus on the
6 processes of Enterprise Risk. In these processes,
we deal with CAATs data analytics surrounding
S T
R
A
T
E
G
Y &
MA
N
A
G
E
M
E
N
T
CO
N
S
U
L
T
I
N
G
718 Carlton View Building
36 Von Wielligh Street
Marshall Town
Johannesburg
2001
+27 84 088 6738
C o n t a c t U s
master data quality and transaction. The first one is
the Financial Statement Closure Process (FSCP)
where we deal with journal entry transactions and
general ledger master data quality. FSCP is the
most important process that greatly affects the
components included in the statement of financial
position and comprehensive income. The second
is Order-To-Cash (OTC) where we deal with credit
notes and invoice mandatory checks for customers.
The third one is the Procurement-To-Pay (PTP)
where we deal with supplier contract spending and
invoice checks. This is a very critical process that
makes sure that your suppliers bill you correctly
such that you do not lose. The forth one is Fixed
Assets (FA) where we deal with transactions
relating to asset depreciation and movement. We
also perform advanced analytics for depreciation.
VolTAnalytics electric current for our African clients
The other two remaining go hand-in-
hand. They are Payroll and Forensics
which affect the Human Resources
(HR). The Payroll process looks at the
validity of employee demographic and
transactional data. This comprises of
mandatory checks such as missing and
invalid employee number, ID number,
date of birth, residential and contact
information, etc. There are various
mandatory checks we perform and
most of these checks are drafted in the
enterprise risk and control registers.
We use the registers to translate the
logics of audit steps into SAS® coding
language. We sometimes look at your
existing code and advance it further
for process improvement motives. Most
enterprises would rely using their own
preferred audit tools such as SQL,
ACL, etc. We can translate the scripting
logic from these tools to SAS® such
that you will have the best trusted tool
that does not fail to audit every detail
line. Having to do advanced CAATs for
audits will change the way you conduct
audits for the better.
This is some consulting you have to…
CONSIDER ALL OF YOUR
CHALLENGES FINALLY OVER WITH
THE AID OF WORLD CLASS
CONSULTANTS
Within these industries, we do
consulting with most of the well-known
South African and International brands.
We offer them a range of services that
HOW CAN WE HELP YOU ON YOUR ENTERPRISE RISKS AND CONTROLS
www.kmbusiness.co.za
KM Analytics
Kgano Mefolo
PR EF E RE D
PA RT N E RS