Internal Audit Services - Forvis Mazars - Thailand

Internal Audit Services

Every organisation is unique – the approach and focus of its internal audit function should be tailored accordingly.

We understand that a ‘one-size-fits-all’ approach is not practical.

Organisations must consider the most cost-efficient way of obtaining assurance of the effectiveness of critical processes and internal controls. Forvis Mazars’ specialists provide sector-specific internal audit services on an outsourced and co-sourced basis to suit an organisation’s existing arrangements. 

Our Services 

At Forvis Mazars, our internal audit services are designed to enhance and protect organisational value by providing risk-based and objective assurance, advice, and insight. The service extends across several key areas:

Fully Outsourced and Co-sourced Internal Audit Services 

We offer fully outsourced services for risk-based internal audits, integrating IT, operational, financial, and compliance perspectives. We also provide internal audit co-sourcing services by supplementing existing internal audit teams with additional manpower. This flexibility helps organisations manage and mitigate risks effectively, aligning with internal capabilities and budgetary considerations. Our services include the external quality assessment (EQA) of the effectiveness of existing internal audit arrangements and reviews of outsourced service providers.

Development and Evaluation of Risk Management Frameworks 

Our services include creating and refining risk management strategies that align with your business objectives and ensuring robust governance and compliance with evolving regulations. This involves developing and assessing risk management and governance functions as well as risk-based internal audit strategies and audit plans.

Regulatory Compliance and Internal Controls 

We offer regulatory compliance reviews and consultancies, including the Personal Data Protection Act (PDPA), General Data Protection Regulation (GDPR), Sarbanes-Oxley Act (SOX), and J-SOX. With a deep understanding of regulatory landscapes, our team offers comprehensive audits, reviews, and enhancements of your internal controls to meet compliance demands effectively. 

Internal Audit for Initial Public Offerings (IPO) 

Our internal audit experts provide crucial insights for companies preparing for an IPO that help fortify financial and operational processes, ensuring they meet the stringent requirements expected of public companies. 

Streamlining IT Audit Processes 

We provide advice and training on improving internal audit approaches and methodologies, especially in technology-driven environments. Our services involve reviewing and improving IT and internal controls.  

While IT audits are a part of our service offering, we integrate this with a broader audit strategy to optimise efficiency and relevance. Our IT audits focus on aligning technological infrastructure with business objectives, ensuring that IT investments support and drive strategic goals forward.

IT General Controls (ITGC) assessments are a part of this service, where we evaluate the effectiveness of IT systems in safeguarding assets, maintaining data integrity, and operating effectively to achieve the organisation’s goals. Our streamlined approach ensures that IT audits are seamlessly incorporated into the overall audit process.

Our Advantages 

Sector-Specific Strategies 

Recognising the challenges across different industries, Forvis Mazars tailors its internal audit strategies to the specific needs of sectors such as financial services, public sector entities, and non-profits, whether outsourcing or co-sourcing, adapting to your required arrangements. We also act as a ‘help desk’ for ad hoc internal audits, risk management, governance, and related queries. 

Tailored Solutions

Forvis Mazars customises internal audit services to align with your unique strategies, ensuring controls and processes are effectively integrated.

Risk Management

Forvis Mazars offers risk-based internal audit outsourcing services in Thailand designed to help you manage risk and ensure compliance, providing peace of mind and safeguarding your organisation.

Cost-Efficiency

We prioritise finding the most cost-efficient ways to provide assurance on the effectiveness of critical processes and internal controls.

Value Enhancement

Our internal audit services in Thailand are focused on enhancing and protecting organisational value through risk-based and objective assurance, advice, and insights. 

Want to Know More? Contact Us  

Forvis Mazars’ internal audit services in Thailand are designed to address the specific challenges modern businesses face, integrating deep industry knowledge with global best practices. Whether you are a local enterprise or a multinational corporation, our tailored services ensure that your internal audit requirements are met with the highest standards of excellence and professionalism.

Forvis Mazars’ unique integrated international partnership structure allows us to offer a seamless internal audit service across divisions and borders, enabling us to tailor our services to global corporate bodies and local businesses.

For more detailed information or to discuss your specific internal audit or outsourcing service needs, please contact our experts, Blake or Ruamphorn.