Operational Audit

Operational Audit Service in Bahrain

An operational Audit is a systematic process of evaluating an organization’s operational efficiency and effectiveness. On completion of Operational Auditing from a Top Operational Audit in Bahrain, the results of the evaluation and the recommendations for improvements from the Best Operational Audit services in Bahrain will be reported to the management for action. It means that the internal auditor of a Top Operational Audit in Bahrain goes beyond the financial controls into the operating areas which are focused to strengthen the Organization’s operations and control mechanism for day-to-day operations. An operational audit will assist in identifying non-conformities in procedure implementation. It will assist management in taking corrective measures.

Objectives of Best Operational Audit services in Bahrain are:
    • Evaluate the company’s policies, procedures & plan of actions
    • Achieve improved profitability.
    • Ensure control systems are in place for the effectiveness of existing processes
    • Performance measurement in terms of productivity, and existing workforce.
    • Encourage corporate social responsibilities.

Activities of Operational Audit

  • The extent of top management achievement in ensuring that all phases of organizational activities are directed towards profit improvements.
  • Ways and means to eliminate waste or loss by highlighting the bottlenecks or potential danger spots that exist between line and executive management as well as between other levels of personnel.
  • Deviations from set-up policy and objectives.
  • Corrective action is necessary to get over adverse results and circumstances.
  • Assessment of personal performances.
  • Cost reduction programme.
  • Problems of physical operations.
  • Study the objectives of the operating departments-How production is achieved, How assessment of results achieved is made.
  • Investigate scrap/salvage/normal and abnormal wastages.
  • Production planning and control.
Steps Involved in Operational Audit

  • Understanding the organizational structure & Operational Hierarchy of the Company.
  • Understanding the existing Policies, Procedures and manuals for each function/ process one by one.
  • Walkthrough or field check of the applications of existing defined policies and procedures.
  • Analyzing the gaps or loopholes in the existing processes.
  • Recommendations to the Management for bridging the gaps and putting in place (where none exist) the internal controls.
  • To ensure the smooth flow of activities with the suggested measures and recommendations.
  • Executing a follow-up audit to check the operational efficiency of the operation
Is Operational Audit a Statutory Compliance?

There is no statutory compliance for a company to conduct an operational audit. An operational Audit is conducted when Management desires to evaluate the company’s operational efficiency and effectiveness. It helps Management in improving the economic savings of financial processes, where operations are based on financial statements.

Role and Responsibility

The primary responsibility for managing the day-to-day operations is of the CEO and/or General Manager.But for every individual function/process covered under Operational Audit, the responsibility will be of the Process Owner/Line Manager responsible to handle that process or operation.

Reporting and Discussion

The reporting should be simple and easy for busy executives to read, absorb, and act on the results of our work. The operational Audit report provides in detail the observations, the auditor’s recommendations to the reported observations, actions to be taken by the Management, the responsibility of the process owner and the target date for the closure of the observation.

This report is to be discussed with the Management and process owner in detail, to help Managers to evaluate and analyze the current operation of the company and identify areas of potential improvement.

How GSPU can help

Examines books of accounts by standard
auditing procedures

Our auditor expresses his/her opinion on whether the
accounts have been properly maintained and whether
they have met all auditing requirements.

Analyze social media strategy on various platforms,
as well as competitors

We analyze lead generation from social media driving traffic
to your website and analyze the engagement on your
social platforms.

Ensures that the company's risk-reduction

We create risk assessment systems for global, financial,
general, economic, political, industry, and company-
specific hazards.

Assists in Future Planning

Businesses will be better prepared to face official tax audits
if they have all of the relevant material produced by us and
avoid errors caused by hurry at the last minute.

Inquires company entity's financial, legal, &
other statutory compliances

We examine a business entity before entering into a contract
or other agreement that calls for a certain standard of care.

Assists the organization in the prevention of fraud

Based on our analysis of the company's questionable financial
and operational records, we produce a fraud investigation report.

Contact us

+973 -38393646


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