Welcome to Risk And Audit

Rruga Kajo Karafili, Nr.10/1/17
Tirane, Albania 1001

+355692065692
info@riskandaudit.com.al

image

Corporate Governance

We support our clients to achieve the level of performance they are established for but, at the same time to adhere to all relevant standards rules, laws, regulations, policies and expectations that form the framework within which, this business performance is assessed. In particular, we will assist companies to adopt a continuing system of internal controls that analyses all risks of the business rather than just narrow financial risks.

Additionally, we will aid companies not to treat the process for reviewing internal control systems as an exercise undertaken for regulatory purposes but, to embed it into their continuing operations moving away from the ”box-ticking mentality”.

image

Risk Management

We assist the businesses to identify, quantify, and manage proactively the risks due to the business needs to evaluate and improve its risk-management capabilities given today’s unstable economy.

In particular we advise the clients to:

-> Improve the effectiveness of risk management. Implications for governance, systems, and infrastructure.

-> Understand the impact of new regulatory requirements.

-> Identify the most important risks the organization face— made it transparent and managed.

-> Manage efficiently risks and employ the financial resources (funding and liquidity, capital).

image

Internal Auditing

We will provide you as an outsourced provider an independent opinion on the relevance of the company indicators (covering all perspectives not only financial) and opinion on the compliance with the act and other relevant regulations. In addition, we can help you to design a framework under which the internal auditing tasks and activities will be performed.

We will assist you to strengthen your internal audit function in three main directions:

-> Build or improve audit charter, internal audit policy and audit tools in compliance with international standards and best global practices

-> Improve internal audit capacities, skills and knowledge through consulting internal auditors of your organization on the new role of internal audit moving beyond traditional and finance remit.

-> Enhance Audit Committees efficiency through professional development of audit committees’ members.

image

Reengineering Business Processes

We support businesses for start-ups to fully established up and running entities with expansion and strategic decision needs. We help organizations in the analysis and design of workflows and processes within them by introducing ideas and actions to streamline the work processes to achieve significant levels of improvement in quality, time management, and cost.

We offer valuable insight into restructuring and rationalizing existing processes:

-> Strategy

-> Finance

-> Technology

-> Governance, risk and compliance

-> Shared services and outsourcing

-> Sustainability and Corporate Social

-> Responsibility

-> Investigations

image

Budgeting & Financial Reporting

We assist our clients’ management with the preparation and interpretation of budgets and various reports for use internally and externally. We help our clients to fulfill their statutory requirement of preparing financial statements based on current IFRSs and internal report for use by management in the planning, executing, and monitoring of business activities.

These include:

-> Budgeting

-> Management reporting

-> IFRS reporting

-> Regulatory compliance and reporting

image

Auditing

An independent audit opinion is a fundamental requirement for continuous stakeholder support of the business and to fulfill statutory requirement for incorporated entities. Risk&Audit team of professional accountants and auditors are readily on hand to offer this audit opinion based on sound, current international auditing standards applied with due regard to professional ethical behavior.

These include:

-> Independent controls & systems process assurance (ISO 9000)

-> Environmental audit (ISO 14001)

-> Financial statement audit

image

Training

We offer relevant up to date training backed by in depth research and understanding of client’s specific circumstances and prevailing business environment.

These include:

-> Corporate governance

-> Corporate social responsibility, ISO 9000; ISO 14001

-> Risk management

-> Internal control implementation and regulatory compliance

-> Internal audit

-> Internal and External reporting

-> Interpretation and understanding of financial reports

image

Company growth analysis

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.