The objective of governance audits is to assess the level of compliance of a company with sound governance practices. The audit establishes whether the goals, structure and operations of the entity’s governance organ (Board of Directors or equivalent) are consistent with Good Corporate Governance principles and practices.  Our governance audit services entail leadership, transparency, disclosures, stakeholder engagement, board systems and compliance with laws, among other areas.

We conform to the Code of Corporate Governance Practices as well as the Governance Audit Tool developed by ICPSK that covers a company’s governance practices within the following parameters:

Ethical leadership and strategic management; Transparency and disclosure; Compliance with laws and regulations; Communication with stakeholders; Board independence and governance; Board policies, systems, practices and procedures; Consistent shareholder and stakeholders’ value enhancement; Corporate social responsibility and investment; and, Sustainability.

Our Internal Audit reviews are tailored to ensure compliance with the requirements of the International Professional Practices Framework (IPPF) issued by The Institute of Internal Auditors (IIA). A key requirement of the IPPF is for internal auditors to evaluate and improve the effectiveness of an organization's governance, risk management, and control processes.  MACL has evaluated and contributed to the improvement of governance in many organizations.

We develop Financial Management policies and procedures manuals, Internal Audit policies and procedures manuals, Administration Policies and procedures manuals Human Resources policies and procedures manuals, Supply Chain Management Policies and procedures manuals that:

a) Describe the overriding policies and detailed operating procedures for the finance department of organizations;

b) Ensure that financial information, including, management accounts and other management reports, budgets, and published results are accurate, reliable and produced in a timely manner to enable effective decision making;

c) Ensure compliance with Generally Accepted Accounting Practice (GAAP), and other relevant international best-practice; and

d) Ensure compliance with relevant external laws, rules and regulations.