Special Audits
Introduction
Special Audit is a service offering
from CRP's Internal Audit and Consulting Services for helping companies
meet their ad hoc auditing needs for special circumstances. Businesses
face new and unseen challenges everyday and often situations arise,
where a specialized and at times one time assessment may be necessary.
The need for special audits may arise because of a number of
reasons, including when the affairs of a particular branch, agent or
distributor, etc. are not being managed in accordance with sound
business principles or prudent commercial practices. Special Audits are
also conducted for cases where a company feels that any employee,
partner or vendor's act is likely to cause serious injury to the
interest of the trade, industry or business.
Quality audits like ISO Audits are also undertaken under Special Audits.
CRP's Special Audit team of consultant's works closely with senior
management of companies to identify areas that may require special
audits and based on discussions and findings they create a tailor made
audit procedure. As the team of consultants is multi-disciplinary, it
brings relevant skill sets for each specific case.
Advantages
Special Audit is investigative in nature as it aims at uncovering or
discovering the unusual which the perpetuator often tries to cover up.
This very basic premise helps organizations avoid the risk of bigger or
repetitive frauds or loss to the company. Special Audits help to nip the
problem in the bud by investigating the source, whether people or
process, of a violation before it assumes a bigger proportion. Special
Audits are quick, tailor made and help companies root out specific
violations immediately without having to wait for their periodic audits.
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