Starting from planning these initiatives, and throughout execution, we focus on both financial and operational aspects. As such, we identify, analyze and offer recommendations on financial issues, as well as process inefficiencies to help organizations obtain:

- Increased effectiveness of business processes
- Sound and strong internal controls
- Cost savings
- Practical control enhancement ideas
- Early process inefficiency diagnosis and fraud detection
- Overall customer satisfaction

Our approach to internal audit follows the principles below:

- 360 degrees scope: working with the client, we will ensure that we include all relevant financial and operational aspects in the scope of our projects

- Four phase approach: scoping and planning, execution, reporting to management; client satisfaction

- Value added recommendations: feasible solutions to identified issues, based on company resources and capabilities, benchmarked to best industry practices, rated based on their business impact, agreed for remediation by process owners until established target dates

- "Lessons learned": upon completion of projects to review the project performance, opportunities for improvement and client feedback

It is common for management to have questions and uncertainties related to different aspects of their business, such as business department performance, theft, fraud or other similar acts. Internal audit can clarify some of these problems, and the first step towards this is to speak with Pegas specialists to identify potential areas for such projects.