Proposals Consolidation

Proposals Consolidation
Name:
Institution:
Date:
Proposal Consolidation
Understanding the Scope of Work
KPMG

Deloitte

pwc

Conduct assessment of risks on selected areas of UBS SA.
* Wealth management.
* Investment banking.
* Global Assessment. Management.
* Compliance.
* Corporate governance.
* Information Technology.
Based on risk assessment:
* Prepare 3 years risk based internal audit plan.
* Execute Internal Audit as per the audit plan.
N/B: Year one is expected to cover all listed areas above.

Conduct assessment of risks on selected areas of UBS SA.
* Wealth management.
* Investment banking.
* Global Assessment. Management.
* Compliance.
* Corporate governance.
* Information Technology.
Based on risk assessment:
* Prepare 3 years risk based internal audit plan.
* Execute Internal Audit as per the audit plan.
N/B: Year one is expected to cover all listed areas above.

Terms
They apply to the services engaged under the attached engagement letter.
Anything inconsistent with the engagement letter, the terms take precedence, unless there IS an amendment.
Commencement
Agreement starts on:
* The date of the engagement letter.
* The commencement of the services

Internal Audit Methodology & Approach
KPMG

Deloitte

pwc

Core Principles
Targeted, Tailored, Responsive, Insight Based, Highly Skilled, Technology enabled, Innovative, and Collaborative.
Key Phases
Phase 1: Strategic Analysis
* Understand the business.
* Stakeholder needs analysis.
* Provide internal audit solution.
Phase 2: Enterprise Risk Assessment
* Understand UBS SA’s ERA process.
* Analyze the ERA.
Phase 3: Internal Audit Plan Development.
* Identify & Prioritize areas of focus.
* Determine assurance appetite & Coverage.
* Develop internal audit plan.
Phase 4: Execution and Reporting.
* Project planning.
* Process analysis.
* Data analysis.
* Measure & analysis.
* Reporting.
Phase 4: Continuous Improvement
* Value Creation.
* Continuous improvement.

Key Phases
Phase 1: Conduct Risk Assessment &Develop Internal Audit Plan.
* Co-develop expectations.
* Develop risk model and universe.
* Develop internal audit plan.
Phase 2: Executing Internal Audit Process
* Design internal audit project work plan
* Execute internal audit plan.
* Deliver results.

Planning and scoping
Internal audit risk assessment and annual plan may be varied on the basis of our findings, events or management requests and after consultation with relevant members of management to consider all pertinent matters.
Execution
Internal audit services conducted in accordance with PwC’s internal audit methodology.
Reporting
Present a proposed finding assessment frame...