System Audit

Auditing ServiceStatutory Audits

We deliver risk-based, tech-enabled audits that ensure compliance, enhance controls, and provide insights that support confident decisions and lasting trust.

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Uncovering the Truth with Forensic PrecisionForensic Audit

At Olajide and Associates, our forensic audit services are designed to detect fraud, investigate financial misstatements, and provide a comprehensive analysis of transactions.

Whether you’re dealing with financial statement fraud, asset theft, or internal misconduct, we use forensic techniques to uncover the truth and protect your organization.

Our forensic auditors are experts in identifying discrepancies, using advanced tools like ratio analysis, data-mining, and document inspections to trace fraudulent activities.

We go beyond the surface, conducting interviews and inspections to reveal hidden issues and provide actionable recommendations.

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Client Retention Rate98%

Excellence in InvestigationOur Process

Our process integrates forensic investigation with a deep understanding of accounting principles, offering a thorough examination of financial activities.

Identifying Red Flags

We begin by analyzing financial statements, employee behavior, and internal control systems to identify any irregularities or signs of fraud.

Data and Document Analysis

Using advanced forensic tools, we examine documents and transactions to find evidence of misstatements, financial manipulation, or asset misappropriation.

Interviews and Inspection

We conduct interviews with involved parties and inspect physical assets to gather more information about potential fraud.

Reporting and Recommendations

We deliver clear, actionable findings and recommendations to strengthen internal controls, prevent future fraud, and address identified weaknesses.

Safeguard against internal and external risks with strong, compliant systems.System Audits

System audits, also known as process audits, are critical for evaluating the efficiency, effectiveness, and compliance of the systems by which an organization operates. This audit focuses on the processes and procedures employed by departments to carry out their functions, ensuring that operations are streamlined, risks are minimized, and goals are met. At Olajide and Associates, we conduct thorough system audits that help businesses optimize their workflows and improve overall organizational performance.

Objectives of Our System Audit

The primary objectives of our system audit services are to:

Evaluate the operational effectiveness and efficiency of an organization’s systems and processes.
Identify areas where systems may be failing or underperforming, leading to inefficiencies or risk exposures.
Provide actionable recommendations to improve processes, enhance workflow, and minimize operational risks.
Ensure that processes are aligned with organizational goals and industry standards.
Promote compliance with relevant regulations and best practices across various departments.

Types of System Audits We Conduct

Olajide and Associates offers a range of system audits tailored to the unique needs of our clients, including:

Purchasing System Audit: Evaluating procurement processes to identify inefficiencies and risks, while optimizing vendor management and reducing waste.
Computerized System Audit: Assessing the security and performance of IT systems used in financial, operational, and administrative processes, ensuring they are reliable and secure.
Staff Recruitment System Audit: Reviewing recruitment procedures for efficiency, fairness, and compliance, helping you attract and retain top talent.
Financial Systems Audit: Ensuring financial systems are accurate, secure, and compliant with relevant standards and regulations for better reporting and budgeting.
Compliance System Audit: Evaluating internal controls to ensure adherence to regulatory and policy standards, helping mitigate compliance risks.
Operational Systems Audit: Assessing operational workflows to identify inefficiencies and opportunities for cost savings, driving enhanced productivity.

Our Approach

Our process is based on a deep understanding of the business environment, industry practices, and your organization’s objectives. We integrate both traditional auditing techniques and modern technology to evaluate your systems comprehensively. Our goal is not just to report on the current state of affairs, but to provide a roadmap for meaningful improvements that will support your long-term success.

Why Choose Olajide and Associates for Your System Audit?

Expert Knowledge
Tailored Approach
Comprehensive Reporting

With years of experience in system audits across various industries, our team brings unparalleled expertise to identify opportunities for system improvements.

We understand that each business is unique. Our audit services are customized to meet the specific needs of your organization, ensuring a relevant and effective evaluation.

We don’t just identify issues—we provide actionable insights and recommendations that are clear, understandable, and geared towards improving your systems.

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Get In TouchOlajide Associates

Please feel free to use our contact form to get in touch with us and we shall get back to you as soon as possible.

Address

Flat 4, Mosobolaje Estates 11,
Mosobolaje Street, Isoto - Agbado Oke Odo LCDA, Lagos Nigeria.

Phone

+234 802 332 5784
+234 802 738 5000

Email

info@olajideassociates.net
office@olajideassociates.net