Are We a Good Fit?

  • Do you believe that risk is the responsibility of everyone in your organization?
  • Do you believe achieving strong internal controls provides more value than just ensuring compliance?
  • Do you value the feedback provided by the internal audit department?

What You Can Expect From Us?

  • An efficient, effective approach to evaluating internal controls
  • Practical insights on methodology that works well and pitfalls to avoid
  • Support for your internal audit team
  • Project success that is directly linked to your organization’s success and well-being over time

Our Services

Bill 198 Compliance

We offer a variety of services aimed at helping CEO/CFOs confidently certify on internal controls to ensure organizations meet legislated requirements and optimize business practices. Services include:

  • evaluating cost effectiveness and efficiency of controls
  • ensuring control integrity as business processes and technology change
  • ensuring control integrity during IFRS implementation
  • implementing an efficient and effective control evaluation process
  • integrating control evaluation with enterprise risk management initiatives

Internal Audit Services

A cornerstone of strong governance, internal auditing bridges the gap between management and the Board, assesses the ethical climate and the effectiveness and efficiency of operations, and serves as an organization’s safety net for compliance with rules, regulations, and overall best business practices.

If your internal audit resources are stretched, Angela Byrne CMA & Associates Inc. can help you fill the gap by:

  • facilitating control risk assessments
  • developing internal audit plans and executing audits
  • developing key messages and communication tools to strengthen communication with the audit committee and throughout your organization
  • integrating internal audit activities with enterprise risk management initiatives.

Be assured that our services are delivered in compliance with standards as established by the Institute of Internal Auditors.

Risk Management Services

With the increased demands by regulatory bodies, many companies are looking to an integrated risk management process as a way to consolidate risks and associated activities. Whether you are just starting out or have fully implemented a risk management infrastructure, we can help.

Our services include:

  • project management leadership
  • training
  • developing the risk infrastructure in your organization
  • developing risk appetite
  • identifying risks and associated controls
  • execution of risk assessments
  • integrating enterprise risk management into the strategic planning and budgeting processes

In working with your organization, we seek to find the most cost-effective method that fits with your organization’s culture and management style.

International Financial Reporting Standards (IFRS)

Achieving compliance with the new International Financial Reporting Standards will challenge your company. Not only will you need specific expert knowledge related to the differences in generally accepted accounting principles (GAAP) and IFRS, you will also need strong project management, risk management and change control capacity. Finding all this within your existing internal resources may not be possible. Even if you do have the capacity in the organization you will be diverting valuable resources from other pressing issues and the day-to-day business.

Lessons learned from countries that have already implemented IFRS tell us that strong project management leadership is key to your success. Technical accounting is not enough to get you through – it will be the processes, systems, people and approach that will make it work.

Angela Byrne Consulting Inc. can help by providing:

  • strong project management leadership that will keep all the pieces of this complex project on track
  • a strategic perspective that identifies financial, system and organizational impacts
  • identification of resources required at different stages of the project and matching resources to tasks
  • specification of training requirements for internal staff
  • integration of the IFRS project with risk management systems
  • a comprehensive approach to the IFRS project with disciplined change management approach including building leadership, cascading ownership and facilitating bottom-up and top-down communication

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