AVAKA Financial Services
South AfricaFocused assurance

Targeted control reviewTest the control question that cannot wait for the annual plan.

A targeted review concentrates assurance effort on a specific exposure, decision or control breakdown, with scope and evidence requirements agreed before testing begins.

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South African business environment representing targeted control review

Standalone service

Targeted control review

A defined review of a high-risk process, programme, project or performance information chain.

Questions this service answers

A precise scope starts with the right question.

  1. 01

    Is the control designed around the material risk?

  2. 02

    Did the control operate consistently across the selected period or population?

  3. 03

    What corrective action is proportionate to the exposure?

Defined outputs

Evidence designed for action.

Final coverage follows the agreed target, authority, materiality and evidence available. These are the core outputs around which the engagement is built.

  • 01

    Focused risk and control map

  • 02

    Test plan and evidence record

  • 03

    Root-cause findings and impact assessment

  • 04

    Owned remediation actions and closure criteria

Delivery discipline

A method that protects the conclusion.

  1. 01

    Frame

    Set the mandate

    Confirm scope, stakeholders, materiality and the decisions the work must support.

  2. 02

    Map

    Trace risk to control

    Connect objectives, risks, controls, evidence sources and accountable owners.

  3. 03

    Test

    Challenge the evidence

    Use proportionate sampling, analytics and interviews to test design and operation.

  4. 04

    Land

    Make action unavoidable

    Report root causes, prioritise exposure and agree realistic remediation ownership.

Reference points

Criteria agreed before testing begins.

  • Global Internal Audit Standards
  • King V governance principles
  • PFMA and MFMA context where applicable

Applicability and final criteria are confirmed during engagement scoping.

Also in Internal audit

Related services

01.05Internal audit function designCharters, governance, audit-universe design and strategic planning for a credible internal audit function.01.06Performance and compliance auditIndependent testing of performance information, compliance obligations and the controls supporting reported results.01.01Internal audit outsourcingAn independent internal audit function covering planning, execution, reporting and committee support.

Start with the target

Define what this targeted control review needs to prove.

Request a scoping call