We assist clients in enhancing risk management, improving performance and operating efficiency while providing the foundation to achieve better business performance by using analytics as enabler.
We work to build internal audit into a strategic and productive tool in today's corporate governance environment and simultaneously strive to advise our clients regarding strategic and operational risks.
OUR INTERNAL AUDIT SERVICES FOCUSES ON EVALUATING:
Inefficiencies in business operations
Opportunities to improve bottom line and working capital
Reliability of financial reporting
Compliance with various regulations
Safeguarding of assets and various matters concerning the interest of the
Company, employees, stakeholders and society in general
Process Optimization
To fuel operational excellence, the Company needs to maintain efficient and robust business processes and thus maintain a competitive edge over others in the marketplace. At Outcome, we aim at eliminating the redundancies, streamlining workflows, improving communication, and forecasting changes from the existing business processes by optimizing them or creating new ones.
Developing SOP- Standard Operating Procedures
For developing the SOP’s our team of professionals go beyond traditional attitudes to SOP development by taking a holistic, hands-on approach to discovering and documenting your Standard Operating Procedures. Consistent with our methodical, proven approach to process discovery, our SOP Development methodology is process-centric and cross-functional; it is designed to reduce inconsistency and overlap both within and between company procedures. By involving process Subject Matter Experts (SMEs) and employees across the organization, our team is able to capture and formalize tacit knowledge so that it is documented and transferable as your organization evolves.
Internal Financial Controls/SOX Compliances
Outcome assists clients by undertaking an extensive review of the internal financial control framework, in alignment with the ICAI Guidance Note and SOX on Internal Financial Controls, which inter-alia includes:
Identification of significant risks and controls for all key process areas, designing the Risk and Control matrix (manual and automated controls) and mapping of key safeguards with supporting evidences
Performing test of design for all identified key controls, assessing the design effectiveness for the same and identifying control gaps and improvement opportunities
Testing the operating effectiveness of the internal controls, identification of key deficiencies, and suggesting remediation plans and mitigating controls to address such deficiencies.
Training the client workforce to ensure compliance to the IFC framework and building a roadmap for on-going monitoring of the framework through self-assessment and automation
Due Diligence Review
Due Diligence Review is an intricate process of conducting a detailed entity-oriented analysis where we assist our clients in understanding the business, pattern, trends of the business line, & estimation of risks on which delicate decisions such as investments, strategic partnerships, mergers, and potential acquisitions or are looking to enhance organizational effectiveness in an existing business unit or portfolio company is founded. It is conducted within a predetermined time for ascertaining the value of the deal and making sure that our client does not end up with a costly agreement.
At Outcome, we conduct financial, legal and tax due diligence tailored to the needs of our clients.
Financial Due Diligence Review:
We focus on providing clients with a detailed analysis of the target company’s quality and sustainability of earnings, trend analysis, forecast of the growth, and qualitative analysis of internal control structure, management, accounting team, and accounting information systems.
Legal Due Diligence Review:
During Mergers and Acquisitions, legal due diligence plays an important role in ascertaining the legal risks associated with the target company to avoid any legal risk arising in the future. We provide our clients with an understanding of the corporate and legal structure of the company, commercial contracts, intellectual property, employee contracts as well as workplace safety, regulatory compliance, litigations, and compliance with environmental laws.
Tax Due Diligence Review:
A thorough investigation of different types of taxes is necessary when considering acquiring a business, dispose of a non-core business or go into a merger. At Outcome, we help our clients in the inspection of the tax compliance, tax liabilities/assets, and transfer pricing of the target company.
Business Risk Advisory
Internal Audit/ Process Review
We assist clients in enhancing risk management, improving performance and operating efficiency while providing the foundation to achieve better business performance by using analytics as enabler. We work to build internal audit into a strategic and productive tool in today's corporate governance environment and simultaneously strive to advise our clients regarding strategic and operational risks.
OUR INTERNAL AUDIT SERVICES FOCUSES ON EVALUATING:
Process Optimization
To fuel operational excellence, the Company needs to maintain efficient and robust business processes and thus maintain a competitive edge over others in the marketplace. At Outcome, we aim at eliminating the redundancies, streamlining workflows, improving communication, and forecasting changes from the existing business processes by optimizing them or creating new ones.
Developing SOP- Standard Operating Procedures
For developing the SOP’s our team of professionals go beyond traditional attitudes to SOP development by taking a holistic, hands-on approach to discovering and documenting your Standard Operating Procedures. Consistent with our methodical, proven approach to process discovery, our SOP Development methodology is process-centric and cross-functional; it is designed to reduce inconsistency and overlap both within and between company procedures. By involving process Subject Matter Experts (SMEs) and employees across the organization, our team is able to capture and formalize tacit knowledge so that it is documented and transferable as your organization evolves.
Internal Financial Controls/SOX Compliances
Outcome assists clients by undertaking an extensive review of the internal financial control framework, in alignment with the ICAI Guidance Note and SOX on Internal Financial Controls, which inter-alia includes:
Due Diligence Review
Due Diligence Review is an intricate process of conducting a detailed entity-oriented analysis where we assist our clients in understanding the business, pattern, trends of the business line, & estimation of risks on which delicate decisions such as investments, strategic partnerships, mergers, and potential acquisitions or are looking to enhance organizational effectiveness in an existing business unit or portfolio company is founded. It is conducted within a predetermined time for ascertaining the value of the deal and making sure that our client does not end up with a costly agreement. At Outcome, we conduct financial, legal and tax due diligence tailored to the needs of our clients.
Financial Due Diligence Review:
We focus on providing clients with a detailed analysis of the target company’s quality and sustainability of earnings, trend analysis, forecast of the growth, and qualitative analysis of internal control structure, management, accounting team, and accounting information systems.
Legal Due Diligence Review:
During Mergers and Acquisitions, legal due diligence plays an important role in ascertaining the legal risks associated with the target company to avoid any legal risk arising in the future. We provide our clients with an understanding of the corporate and legal structure of the company, commercial contracts, intellectual property, employee contracts as well as workplace safety, regulatory compliance, litigations, and compliance with environmental laws.
Tax Due Diligence Review:
A thorough investigation of different types of taxes is necessary when considering acquiring a business, dispose of a non-core business or go into a merger. At Outcome, we help our clients in the inspection of the tax compliance, tax liabilities/assets, and transfer pricing of the target company.
ERP advisory
Information security advisory