Internal control and internal audit, risk management
Auditas, JSC is one of the few audit companies in Lithuania, which provide services of evaluation and development of internal control and risk management systems. Auditas, JSC are attested internal control auditors.
INTERNAL CONTROL is a system of all types of control put in place by the head of a legal person, which serves to ensure the legitimacy, economy, efficiency, effectiveness and transparency of activities of the legal person, as well ad implementation of strategic an other plans of operations, asset protection, reliability and completeness of information and reporting, compliance with contractual and other obligations for the third parties as well as management of all related risk factors.
RISK MANAGEMENT is systemic application of management procedures and tools in order to determine and manage probable events, which can significantly influence the operations of the company (institution, organisation), as well as provide sufficient assurance, that the goals of the activities will be reached.
Auditas, JSC evaluates the current internal control systems and introduces the ones, which meet the International standards based on the good principles of modern management and COSO ERM (Committee of Sponsoring Organizations of the Commission Enterprise Risk Management) concept of internal control, it also performs the functions of an internal auditor in other companies.
The projects of internal control include operations related to evaluation of the current system of internal control and preparation of necessary documentation projects, consulting on the issues of internal control of the company, also staff training in the field of integrated internal control system can be provided.
Formalised system of internal control and operations risk management is a sign of good modern management.