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How can we help
At MustaphaKhoo Total
Advisors Sdn Bhd, we maintain qualified personnel
with the collectives internal audit experience in
the following industries:
-
Financial
Institutions
-
Construction &
Property & Development
-
Manufacturing &
Engineering
-
Water Treatment
-
Agro
-
Education
-
Plantation
-
Automotive
-
Equipment Trading
& Services
-
Legal
When you involve us as
part of the solution, we can help you to meet your
goals & objectives in a variety of ways.
Our Services
1.
Enterprise Risk Management
2.
Internal Audit Review
3.
Business Continuity Planning
4.
ISO
Audit
5.
Cost
Saving/Business Process Improvement
6.
Drafting Standard Operational Manuals
Enterprise Risk
Management
Enterprise risk management is a structured
and continuous process that helps organization
managed the risks associated with their operations.
Our approach enables
our clients to achieve optimal results and we will
work with your team to cooperatively develop the
appropriate risk management framework and solution
through the following steps:
-
Identification of
relevant risks.
-
Evaluation of key
risks that will prevent the company from achieving
its objectives.
-
Assessment of the
impact and likelihood of the risk.
-
Identification &
implementation of a solution to mitigation the
risk.
-
Monitoring &
coordinating the risk management process &
outcome.
Our solution not only
focuses on financial & regulatory compliance, but it
also takes in all areas of business risks throughout
the entire organization.
Once the enterprise
wide risk profile is created, we would develop &
help you monitor the risk solution to mitigate the
risk faced by the organization. We help our clients
manage the business better, improve enterprise wide
processes, provide better information on decision
making and therefore create a competitive advantage.
Internal Audit
Internal audit is an independent appraisal
function to examine and evaluate the activities of
the company to give the management the assurance
that the processes and the internal controls that
has been put in place is sufficient in order to meet
it objectives.
 We
are here to assist and add value to the board, audit
committee, management and other members in the
organization in discharging their responsibilities
as well as to move on to the next level in
corporate governance.
Our internal audit
service applies to listed and non-listed companies
as a way of reassurance given to the board &
management.
Just imagine whether
the following questions are relevant to you?
-
Is your organization
making objectives assessment towards achieving the
goals?
-
How sure are you that
whatever controls you have put in place have been
fully implemented?
-
Are there any shared
ideas of best practices?
-
Do you have a counsel
for improvement on controls, practices procedures,
performance and risk management?
-
Do you have a
procedure in finding ways to reduce cost and
realign business processes?
-
Are you documenting
practices in a “Standard Operating Manual” format?
Business
Continuity Planning
Business continuity or disaster recovery
planning is a key contingency or risk management
strategy.
Should anything happen
to your principal facility or workplace, where would
you be able to continue with delivering the service
or products and who and what will you need to make
it all fall into place in a new and unfamiliar
environment?
The answers is to have
a clear methodology of what are your risk exposure,
critical activities, information technology needs
etc and develop a recovery strategy in the shortest
possible time in order to be able to resume the
minimum of your business activities.
Our programme will help
to deliver a plan with the specific staff and
management trained about the direction and
implementation process to assure the stakeholders
that effective controls are in place.
ISO Audit
We have conducted internal audits for
conformance with ISO 9000:2000 series of standards.
The following are some of the key elements that we
have followed in our audits:
-
Planning and
preparation
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Performing the audit
-
Report findings
-
Closing out the audit
Cost
Saving/Business Process Improvement
If the increasing costs of doing business is
your concern, perhaps we can help you create value,
reduce waste thus maximise your profit through a
methodological cost saving/process improvement
program via the following:-
-
Analyse the cost
component and its trend.
-
Establish process
ownership in term of responsibility/ and
accountability.
-
To identify the
people to be responsible for the performance,
changes, failure & success.
-
Standardise and
streamline similar processes. To improve the
process, we study the work process, flow of the
records, that create the value for the company
instead of directly cutting down the dollars and
cents.
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Use benchmarking or
other techniques to continuously monitor the cost
and results.
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Establish framework
for financial authority limit.
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Evaluate the cost &
benefits of the process.
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Suggest ways to
reduce cost & realign the process.
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Implementing cost
saving effort.
Drafting Standard
Operations Procedural Manual
Document the way you work. Build a library
of how to, when to and why to of the processes that
you are currently practicing – either paper based or
electronically.
Among the advantages of
this documentation are as follows:
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Employees have
confidence in their work when the way to do, when
to do and why is there a need to do a task is
properly documented. This improves productivity!
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Information is
effectively channeled to the person concern.
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Less mistakes and
lower training costs.
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Staff learn to teach
themselves in their own time.
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