Business Risk Services

In today’s dynamic business environment, effectively managing risks is crucial to sustaining growth, maintaining a competitive edge and ensuring long-term success.

At Paradox Shift Auditing Inc., our Business Risk Services are designed to provide you with insights and strategies necessary to navigate potential threats. We provide various solutions designed to provide comprehensive risk assessment and management solutions tailored to your organization’s unique needs. Our experienced professionals utilize advanced methodologies and deep industry knowledge to identify, evaluate, and mitigate risks, helping you navigate uncertainties with confidence and turn potential threats into opportunities for growth.

EMPOWERING DECISIONS. MINIMIZING RISKS.

INTERNAL AUDIT

Our methodology focuses on examining key business processes that are critical to achieving the goals and objectives of the organisation.

Our risk-based internal audit strategy/plan is an outcome of the organizational risk assessment, and this approach is taken when developing our risk based internal audit plan, this is aligned to the National Treasury Public Sector Risk Management Framework.

Our tailored Internal Audit services are designed to fortify your organization’s internal controls, mitigate risks, and enhance operational effectiveness.

Our services include:

GOVERNANCE ASSESSMENTS

For some Internal Audit functions governance may be a new area within their audit universe and for others now may be the time to take stock and challenge their existing approach.

The primary objectives of corporate governance are to ensure transparency, accountability, fairness, and integrity in the company’s operations and decision-making processes.

Effective corporate governance helps to mitigate risks, protect shareholder interests, enhance the company’s reputation, and ultimately contribute to its long-term sustainability and success.

At Moore Infinity BRS we offer our clients a Governance Health-check Assessment, a dashboard tool which gives the management a holistic overview of the key governance areas aligned to the leading Corporate Governance Models/Codes.

Assessing your state of Governance can assist with the following:

Uncovering Hidden Risks: Assessments act as a spotlight, identifying risks that might have gone unnoticed. They help you to identify gaps in your organisation's processes, systems, or controls that could lead to non-compliance with regulations or standards, financial discrepancies, or even reputational damage.
Promoting a Culture of Accountability: Assessments encourage accountability throughout your organization. They demand involvement from all levels, from executive management to frontline staff, promoting a shared responsibility for governance and compliance. This culture of accountability is a significant asset during audits, as it demonstrates that governance is not just a management concern but is also embedded throughout your organization.
Verifying Compliance and Effectiveness: Assessments can verify that processes are working and achieving their objectives. They offer a methodical way to validate the efficacy of your organisation's operations and governance, supporting the audit findings.
Facilitating Continuous Improvement: Assessments don't just provide a snapshot of the current state of affairs; they also offer insights into potential areas for improvement.

FRAUD PREVENTION & DETECTION

Utilising comprehensive internal control and risk assessments, together with detection techniques and tools such as forensic accounting methods, statistical analysis, and technology-driven data analytics, Moore Infinity’s specialised forensic team can assist your business to identify and mitigate risks to various degrees.

Our professional team collaborates with management, and tailor each audit to meet the unique needs of your business.

Solutions we specialise in, consists of the following:

General 'Health Check' Reviews
Our general ‘health-check’ reviews offer a high-level assessment of the organisation’s operational, process, and control environments, to identify vulnerabilities and areas of concern.
General fraud risk assessments.
Reviewing the code of conduct and ethics policies.
Assessing the effectiveness of controls designed to prevent fraud.
Reviewing financial processes and controls.
Evaluating the due diligence processes for vendors and suppliers, as well as process for screening and hiring employees.
Reviewing IT security measures.
Evaluating training and awareness programs, whistleblower hotlines, reporting mechanisms.

Area-Specific Audit Reviews
Our ‘area specific’ audit reviews focus on specific aspects of your business that might be of concern to management and require assessments to evaluate compliance, effectiveness, and risk exposure.
These reviews are tailored to address unique risks and characteristics specific to certain business areas or processes within your organisation. Evidence is gathered, internal controls assessed, and compliance with relevant policies and regulations evaluated. Areas typically focused on include revenue recognition, accounts receivable, purchasing and accounts payable, inventory management, payroll, and employee expenses, as well as financial reporting and disclosures.

Full Forensic Reviews
Our full forensic reviews consist of an extensive examination of your business's financial records, transactions, and operations with the goal of uncovering any irregularities, fraudulent activities, or compliance breaches.
When fraud or misconduct is suspected, or litigation support is needed in the context of legal disputes, an organisation can request that a full forensic review be conducted.

The review entails an exhaustive examination of the organisation’s financial records, transactions, and operations with the aim of uncovering potential fraud, misconduct, or irregularities. The process involves a comprehensive analysis of all relevant information to identify and document evidence of fraudulent activities.

INFORMATION TECHNOLOGY AUDITS

We tailor our information and communications technology audit solutions to our client’s requirements and specifications. The approach and methodology to be implemented is detailed below and is of a generic nature, based on the information provided in the bid document. This may be subject to change should any other information become available during the conduct of the assignment, in order to tailor our solutions to your needs.

Our risk-based methodology follows a structured approach, delivering a commercial, easily understood and valuable audit. We make effective use of technology by applying Data Analytics to enable an efficient, in-depth approach to testing and to support a reliable and robust level of assurance.

Our team of experts also specialize Data Intelligence, Cyber Security, Intelligent Automation, and Blockchain. Whether you’re looking to gain insights from your data, protect against cyber threats, streamline processes, or leverage the power of blockchain technology, we have the expertise and experience to help.

Data Intelligence
The Data Intelligence Subdivision offers a comprehensive suite of services to help organizations make informed decisions based on the data they collect. Our team of experts specializes in external, internal, and forensic audits, as well as custom solutions tailored to the specific needs of our clients.

We use cutting-edge technology and a data-driven approach to provide actionable insights and reduce risk. Our goal is to help our clients leverage their data to drive growth and achieve their business objectives.

Cyber Security
The Cyber Security Subdivision is dedicated to helping organizations protect their valuable assets and reduce the risk of cyber threats. We offer a comprehensive range of services designed to assess the security of an organization's IT environment and identify potential risks.

Our services are aligned with ISA 315 and are designed to provide a thorough evaluation of both technical and business control risks. Our goal is to help organizations make informed decisions about their cyber security posture, prioritize their investments in security measures, and implement best practices to reduce their risk of a successful cyber-attack.

Our Service ensures that the audit of your entity's IT environment aligns with the requirements of ISA 315. We meticulously assess the auditor's responsibilities in identifying and assessing risks surrounding financial reporting, providing a thorough evaluation of the GITC framework.

Blockchain
At the forefront of technological innovation, our Blockchain Subdivision offers organizations a comprehensive solution to streamline and secure their supply chain operations. Our services range from consultancy and implementation to audit and assessment, providing a tailored approach to meet the specific needs of each client.

With a focus on leveraging the power of blockchain technology, we help organizations improve their processes, minimize the risk of fraud, and ensure the integrity of their products and digital assets.