Internal Audit
Internal Audit: Solutions for Enterprise Internal Control and Risk Optimization
Internal Audit is a function whose main task is to help companies establish and maintain effective Internal Control. Other tasks include Project Review, Fraud Investigation, Management Review, Due Diligence, etc.
Work Content of Internal Audit
- Evaluate the effectiveness of internal control
- Identify and assess risks
- Conduct fraud investigations
- Review financial statements
- Evaluate operational efficiency
Core Value
Internal audit is a core tool for enterprise risk management. It not only ensures compliant operations but also optimizes operational efficiency and reduces potential risks from within. Our internal audit services are guided by enterprises’ actual needs, combining local Hong Kong regulations and international internal control standards to build efficient and compliant internal control systems for enterprises of different sizes and industries, helping them achieve sustainable development.
- Establish/optimize internal control systems to plug management loopholes and reduce operational risks;
- Identify potential fraud risks and protect the safety of enterprise assets and the authenticity of financial data;
- Optimize business processes to improve operational efficiency and reduce management costs;
- Meet internal control compliance requirements for investment and financing, mergers and acquisitions, listing, etc.;
- Provide objective decision-making basis for management and improve corporate governance.
Tel：+852 6882 6593
Or Email：info@compass-cs.com
One-time/Specific Audit Service Fee Reference
| Item | Service Fee (HKD) | Remarks |
|---|---|---|
| Comprehensive Internal Control System Evaluation and Optimization | HK$15,000 onwards | Customized based on enterprise scale and industry complexity |
| Special Fraud Investigation | HK$12,000 onwards | Determined by investigation scope and evidence complexity |
| In-depth Audit of Single Process Internal Control (e.g., Procurement/Finance) | HK$8,000 onwards | Conduct special risk identification for specific links |
| Annual Internal Audit Service Package (SMEs) | HK$30,000 onwards/year | Includes 2 comprehensive audits + quarterly risk tracking + report interpretation |
Frequently Asked Questions
What is the difference between internal audit and external audit?
External audit focuses on verifying the authenticity and compliance of financial statements, serving third parties (tax authorities, investors, etc.); internal audit focuses on internal enterprise management, with the core of optimizing internal control, identifying risks and improving efficiency, serving enterprise management and shareholders. The two are complementary, and a sound internal audit can significantly reduce the risk and cost of external audit.
Do small and medium-sized enterprises need internal audit?
What is the service cycle and charging standard for internal audit?
The service cycle depends on the audit scope: 7-10 working days for basic internal control evaluation, 2-4 weeks for special fraud investigation/full-process internal control construction; charges are based on enterprise scale, audit complexity and service cycle, with transparent quotations (no hidden fees). For specific customized quotation plans, please contact us.
Will the audit process affect the normal operation of the enterprise?
No. Our audit process adopts a "non-intrusive" design, prioritizing the use of existing enterprise data to carry out work. Interviews and on-site inspections avoid business peak periods, and the audit team has rich knowledge of enterprise operations to ensure that audit work does not interfere with daily operations.
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