+358 45 7875 0805
Matti Mattila, CISA, CIA
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Fact-Finding Service (F-FS)
has focus in
the public sector auditing.
The purpose of a public sector audit is to hold the responsible party
accountable for the management of public funds in order to maintain trust in the authorities and democracy.
The consequences of wrongdoings in the public sector can be serious for the citizens.
It is therefore important to pay attention in good time to deviations from the standards and rules that must be complied within the public sector.
Fact-Finding, Process and Knowledge Support
Expertise for making audits and other fact-finding as well as building and developing audit function.
Tools for audit and daily data management
Tools for managing of data and making of audit efforts more cost-effective.
- When you need answers by means of audit or other fact-finding.
Auditing is finding facts with
reasonable assurance in a matter of interest
on behalf of and from the point of view (criteria) of
the intended user[s] of the
The auditor is likely to find the most relevant
when he or she works independently, objectively and professionally.
Findings are analyzed as components and as a whole
in order to draw
[including audit opinion], which are reported.
- When you need advice, second opinion or other professional support.
An audit function should be able to think outside the box.
If an audit function is small and/or homogenous in thinking it affects adversely the
professional skepticism and the
professional judgment expected of the auditor(s).
Consulting with an external professional can help to understand better what matters and what doesn't -
or to find the right people to answer tough questions.
- When you want to build an effective audit function.
Building a well-functioning audit function requires more than just adherence to
customization is necessary to achieve excellence
to avoid outsourcing.
There is no single model for an effective audit function that is suitable for all organizations.
- When you need to improve cost-effectiveness in auditing.
Cost-effectiveness is the ability to give the best possible profit or benefits in comparison with the money that is spent.
In auditing cost-effectiveness means doing right things in a smart way so that auditing adds more value than it consumes resources.
- Doing right things in audit is auditing
things that matter.
The key considerations in allocating audit resources are associated with
risk assessment of the subject matter and
- Making audits in a smart way is
making things right in audit.
Sometimes it also makes sense to buy services.
- When you need better daily data management.
Effective and efficient audit
comes from innovative response to the needs - taking avccount of the possibilities and experiences.
There are techniques and tools
that you might have never heard but which can help you much.
You will be surprised at things that can be done with Excel VBA macros, for example!