Koexco is dedicated to the idea that control excellence means controls that are not only effective but also highly cost effective. In fact excellent internal controls boost productivity and profitability significantly beyond their cost.
This requires eliminating redundant and excessive controls and insuring that remaining controls address significant risks — financial and operational.
It also implies that all significant risks have been identified, quantified and cost effectively controlled with appropriate measures.
Effective auditing is the the process of identifying and prioritizing key risks together with establishing and testing the effectiveness and cost effectiveness of related controls.
The above principles are the foundation of Koexco’s approach to auditing and control.