Measuring up as an excellent ‘fit’ for a super fund’s assurance needs
When a long established industry superannuation fund with approximately 90,000 members and over $3 billion funds under management required assurance around their compliance with relevant Australian Prudential Regulatory Authority (APRA) Prudential Standards, they began their search for a firm who had a team of trusted advisors with specialist internal audit qualifications and backgrounds.
Bentleys measured up as an excellent ‘fit’ for the fund. Our internal audit methodology based on the International Professional Practices Framework issued by the Institute of Internal Auditors gave the fund the confidence that our approach was comprehensive and would explicitly recognise that material risks are not only financial in nature. Material risks can impact on an organisation’s reputation, employee safety, business outcomes and business performance metrics.
We enjoy a productive relationship with the management team, demonstrated by:
- Sharing of knowledge and audit methodologies. The blending of the client’s organisational knowledge and Bentleys’ internal audit expertise provides both teams with invaluable benefits. For example, Bentleys has shared its audit methodology and documentation to ensure that a consistent internal audit approach is achieved
- Developing common internal audit documentation. We have agreed on a common format for internal audit documentation such as internal audit reports and planning documents. This provides seamless common processes to internal audit stakeholders
The Bentleys Team
Tony Sacre
Chief Executive Officer
Bentleys Network
Jo Adams
Network Marketing Director
Bentleys Network
How can we help you?
The risk of exposure to fraud and data security and other malpractices can all affect your business’s reputation and bottom line. Bentleys’ internal auditors give independent advice to reassure your Board they are appropriately discharging their responsibilities. Internal auditing also provides evidence that your organisation is being managed within the parameters set by the Board.
Using a systematic and disciplined approach, our experienced internal auditors deliver solutions including:
Governance
- Board and subcommittee effectiveness assessments
- Adequacy of policies and process assessments
- Strategic planning assessment
- Adequacy of board delegations
- Effectiveness of fraud prevention frameworks
Risk Management
- Risk identification and treatment workshops
- Assurance regarding risk monitoring including internal controls to treat risks
- Risk maturity assessments to benchmark the acceptance and development of risk based cultures
- Internal control
Operational Performance
- Identification of key activities and projects (eg efficiency of corporate services and information systems)
- Evaluations or performance audits
- Assessment of outcomes
- Quality auditing
Internal Control and Compliance
- Compliance with legislative and policy requirements.
- IT network and general controls;
- Internal control reviews of business cycles
Our credentials as Registered Company Auditors and Certified Internal Auditors, coupled with our history working with clients in a range of businesses means that we have a comprehensive understanding of client needs.
Hear what our clients have to say
Family businesses, SMEs, listed entities, professionals, individuals, not-for-profits and government agencies rely on us to deliver solutions that meet their needs. Their success is our passion.
We rarely make referrals, however in the case of Bentleys I do not hesitate to recommend their services.
Not-for-Profit Client Queensland
I like that Bentleys offers a holistic range of services. The team continues to exceed our expectations.
Not-for-Profit Client Queensland