Policies of Internal Auditing

Control review

•  Competitive bidding
•  Capital approvals/expenditures
• Compliance with policy and procedures
• Payment applications
• Change order process
• Estimating and scheduling
•  Contract review

Financial review

• Reporting system – internal
•  Financial reports
•  Reports agree with actual costs incurred
• Payment application processing
•  Change order costs
• Internal Auditing in Risk Management
  Raissy Internal auditors have a watchful eye, when it comes to assessing a project’s risk impact on the
  company’s capital reserves. It is no longer sufficient to assign a standard percentage of the contract’s value
  to allow for unforeseen events. Our internal auditors mainly focused in following risk managing areas
•  Financial Risk
•  Construction Risk
•  Compliance and Safety