Internal Audit & Compliance
Strengthening Control, Transparency and Regulatory Confidence
Effective internal audit functions provide organisations with independent assurance over governance, risk management, and internal controls. Stratagem Business Advisory assists companies in strengthening internal audit frameworks and improving compliance readiness.
Our Services
HLB Ler Lum together with member firms of HLB International provide risk management advices and support through the global network, with services including:
- Risk‑based internal audit planning and execution
- Compliance audits and regulatory reviews
- Operational audits
- Internal control assessment and enhancement
- SOP development and documentation
- Audit committee reporting support
Frequently Asked Questions
Is internal audit mandatory for private companies?
Not always legally required but strongly recommended for risk management.
What is a risk‑based audit approach?
An audit methodology focusing on high‑risk areas that could significantly impact the organisation.
Can internal audit be outsourced?
Yes. Outsourcing provides independence, expertise, and cost efficiency.
How often should compliance audits be conducted?
Typically annually, with higher‑risk areas reviewed more frequently.
How does internal audit support management?
By identifying weaknesses and providing recommendations to strengthen governance and control environments.
Fees
Internal audit engagements typically start from RM 15,000 depending on scope.