Internal Audit & Financial Controls
An in-depth review of financial systems and operating processes, surfacing hidden risks and rebuilding internal controls. It is the best preparation for a transaction, an IPO or a statutory audit.
3 core audit areas
Internal financial audit
Independent review of all financial statements, identifying material misstatements, adjusting revenue/expense recognition, verifying assets and liabilities. Standardizing per VAS or IFRS.
Internal controls development
Designing and implementing internal control systems appropriate to business scale: authorization, cross-checks, multi-level approvals, and fraud prevention.
Financial risk assessment
Identifying and quantifying financial risks: liquidity, credit, foreign exchange and interest rate risks. Proposing mitigation and risk management measures.
What you receive
Comprehensive internal audit report
Findings, risk-classified, with specific action recommendations.
Adjusted and standardized financial statements
Restated financial statements meeting VAS/IFRS requirements and investor-ready.
Internal control policies and procedures
Documenting all control procedures, authorization levels and approval matrix.
Risk report and remediation plan
Risk register with timeline and action owners for each identified risk.
Executive summary memo
Concise executive summary with most critical findings and priority actions.
WHY INTERNAL AUDIT MATTERS
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Investors/buyers require accurate financial statements in due diligence
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Inaccurate financial statements can kill deals or reduce valuation
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Hidden financial risks can cause serious damage if not detected early
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IPO requires audited financial statements for 2-3 consecutive years
SPECIALIST IN CHARGE
Ms. Le Thi Mai Hanh
Chief Advisor
Financial Audit · VAS/IFRS · Risk Management
About internal audit
This is an in-depth review of the entire financial system and operating processes. Core Ventures helps the business proactively surface latent risks, close leakage points and rebuild the internal control system, bringing governance up to the highest standard of transparency and efficiency.
Internal audit can identify fraud red flags and internal control weaknesses that could be exploited. However, in-depth fraud investigation (forensic accounting) is a separate service. Core Ventures will be clear about scope and limitations in the service proposal.