Internal Audit
Arbitration, a form of alternative dispute resolution (ADR), is a way to resolve disputes outside the courts. The dispute will be decided by one or more persons (the “arbitrators”, “arbiters” or “arbitral tribunal”), which renders the “arbitral award”. An arbitral award is legally binding on both sides and enforceable in the courts.
Advantages
- The dispute will normally be resolved much sooner, as a date for the arbitration can usually be obtained a lot faster than a court date.
- Unlike a trial, arbitration is essentially a private procedure, so that if the parties desire privacy then the dispute and the resolution can be kept confidential.
- If arbitration is binding, there are very limited opportunities for either side to appeal, so the arbitration will be the end of the dispute. That gives finality to the arbitration award
- Arbitration is usually much less expensive. Partly that is because the fee paid the arbitrator is a lot less than the expense of paying expert witnesses to come and testify at trial.
Statutory Audit
While many of the rules of business have changed, the fundamentals haven’t. Meeting investor expectations begins with the completeness, accuracy and fair presentation of information in your financial statements and disclosures.
The audit is key to sustaining confidence in both your company and the financial system at large. It must keep pace with a fast-evolving corporate reporting environment – one characterised by investor scepticism and the 24/7 scrutiny of corporate information, including non-financial information. Organizations must strike a balance by achieving the right control through risk mitigation, visibility and consistent quality, and the right efficiency across processes and systems, while creating the right value for the business at lower cost. Companies that get it right and keep it right are positioned to see their investments in global finance become truly transformational.
Not only does your audit help assure compliance with applicable reporting standards, there are important by-products of the audit process such as the identification of internal management issues and important insights that can help you address both present and future challenges.
That’s because we approach your audit with a deep and broad understanding of your business, the industry in which you operate, and the latest regulatory standards. We consider the risks your company faces, the way management controls these risks and the transparency of your company’s reporting to stakeholders.
Arbitration & Mediation
Arbitration, a form of alternative dispute resolution (ADR), is a way to resolve disputes outside the courts. The dispute will be decided by one or more persons (the “arbitrators”, “arbiters” or “arbitral tribunal”), which renders the “arbitral award”. An arbitral award is legally binding on both sides and enforceable in the courts. The speed and informality of the arbitration process is claimed to be a major reason why many businesses select arbitration over litigation. In many cases, arbitration can be a shorter process, and if no attorneys are needed it can be less costly.
Advantages
- The dispute will normally be resolved much sooner, as a date for the arbitration can usually be obtained a lot faster than a court date.
- Unlike a trial, arbitration is essentially a private procedure, so that if the parties desire privacy then the dispute and the resolution can be kept confidential.
- If arbitration is binding, there are very limited opportunities for either side to appeal, so the arbitration will be the end of the dispute. That gives finality to the arbitration award
- Arbitration is usually much less expensive. Partly that is because the fee paid the arbitrator is a lot less than the expense of paying expert witnesses to come and testify at trial.