The Internal Audit Quality Assessment Framework (IAQAF) is a tool for evaluating the quality of the internal audit service provided to an organisation or organisations. It applies to Group internal audit services as well as to autonomous services. It is intended to: • facilitate identification of actions for continuous improvement; • facilitate evaluation of progress with improvement plans; and • provide an approach to both internal reviews (by members of an internal audit service themselves and external Quality Assessment reviews which goes beyond compliance with the Institute of Internal Auditors' Professional Standards for the Practice of Internal Auditing alone
Risk and Compliance Reviews enable your organisation to assess its risk and compliance functions framework and regulatory universe, identify gaps, provide an implementation plan to address gaps and benchmark against international best practice.
Our corporate governance experts will undertake a thorough review of your policies, procedures, terms of reference and other governance systems, against the OECD's Principles of Corporate Governance or other benchmarks relevant to your company and sector. This will be followed up by in-depth recommendations and advice on best practice.
Environmental, social and governance (ESG) factors can impact the financial performance and the sustainability of an investment over the long-term. Therefore, it is important for investors to consider their investments through an ESG lens as it provides them a useful tool to assess risks and generate sustainable risk-adjusted returns.
An audit of how well a company implements best ESG practice is of paramount importance in both improving operations and being identified as a good corporate citizen increasing market share.
Mike Flynn (MJF Consultants - Dublin) and Tarek Rouchdy (ToneStar Consulting – London and Cairo), are pleased to announce their agreement to work towards the formation of a virtual international consulting organisation providing a range of highly affordable world class services that have to date only been provided by traditional trans-national accounting organisations.
Due to planned efficiencies in our international organisational structure we are excited to be able to offer world class services at a fraction of the current market rate.
MJF Consultants is a firm of Chartered Accountants and Business Advisers that specialises in working with Leadership Teams to manage success and solve business problems, e.g., improve returns, raise finance, identify and remove business obstacles, improve governance, evaluate and manage projects, crisis management, etc.
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