S TRATCON INTERNAL AUDIT S ERVICES

Our Methodology
Stratcon will move your organization beyond standard internal audit. Stratcon’s
internal audit methodology, SUPER-IOR, is an approach utilizing years of
experience, industry specific knowledge and audit best practices to focus on risk,
corporate governance and process improvement. Our approach strengthens the
control framework throughout your company. The best practices contained in the
Stratcon SUPER-IOR methodology wrap around the objectives of the COSO
ERM Framework and will deliver results as outlined in the high-level approach
listed below.
 Scope the internal audit initiative through business entities,
accounts, key controls and processes.
 Underscore risk based on factors such as prior audit findings,
control environment, management oversight, competency,
process uniqueness or complexity, volume of transactions, and
susceptibility to fraud or reported issues from a hotline.
 Plan the audit(s) to integrate the underscored risk incorporating
process flow, risk/control analysis and walkthroughs with an
integrated set of audit programs.
 Execute operational and risk-based audit programs to identify
both internal control deficiencies and process improvement
opportunities which enhance company objectives and results.
 Report audit findings and risk mitigation recommendations to
the appropriate audience(s), using standardized reporting
formats and communication mediums.

Stratcon is an independent third party solution for your company and the external
auditors. Our approach enhances controls throughout the organization without
potential conflicts of interest.
COSO
 Implement efficient solutions and
ERM Framework
process enhancements. Visible gains may
be consolidated to communicate the vision
and value to the organization.
 Optimize the control environment by
designing and implementing required
improvements by leveraging Stratcon’s
Business Process Improvement
methodology, DADIO ).
 Reassess updates or changed processes
both within and across the affected
business processes and entities to
determine efficiency and effectiveness.

Internal Audit Services

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