Audit of Portfolio Management Processes

Client Needs & Objectives

Our client is an asset management firm specializing in the investment, operation and development of properties and real estate companies. The company has assets located primarily in Canada, the United States, Europe, Brazil, Mexico and Asia totaling more than CAD 55 billion.

The purpose of the mandate was to provide assurance to the Board of Directors and senior management that the portfolio management team had put in place the necessary tools and / or controls to assure adequate portfolio management.

Our Approach

In accordance with IIA’s international standards for the professional practice of internal auditing, our approach consisted of four distinct steps:

  • Review of existing practices and procedures around the governance, positioning and responsibilities of the portfolio management process team.
  • Conducting the internal audit which resulted in an analysis of the portfolio management team’s ability to provide a satisfactory defense environment for identified risks.
  • Comparison of existing procedures with industry best practices and validation of application of existing processes using walkthroughs.
  • Documentation of the results and proposal, if necessary, of recommendations for improvement, in consultation with those responsible for the process.

Client Benefits & Main Results

The client benefited from Chappuis Halder's global network of best practices in asset and portfolio management

Due to the strong expertise of our internal audit team, we have developed an audit methodology that allows for the proper planning and execution of internal audit mandates to ensure comprehensive coverage of risks and controls