About Kingsley Consulting Sdn Bhd

NGL Consulting Sdn Bhd incorporated in 2003, armed with the extensive experience of two Directors, we set up internal audit (“IA”) division in 2020 to serve public listed companies or IPO candidates in preparation for their initial listing applications. For many companies, outsourcing some or all on internal audit is the most effective approach to achieving a high performing internal audit function. We have done work for clients with co-sourced, support or serving as their out-sourced internal audit function, including reporting to corporate boards and Audit and risk management committees. Our clients benefit from a level of expertise that is often difficult, if not impossible to duplicate in-house. By leveraging on our experience in internal audit, clients realise efficiencies, cost savings, and free-up resources to more effectively run and grow their core business.

IA Outsourcing

We provide a complete Internal Audit solution, from initial risk assessment through specific project execution, followed by Audit Committee and Executive Leadership reporting.

Leveraging of our proven approach, tools and methodologies, including sound knowledge in COSO Internal Control Integrated Framework and many more.

IA Co-sourcing

We provide a flexible solution to the resourcing needs of an in-house IA department. We shall supplement the existing in-house IA function.

This allows our client to have access to all the technical and specialised resources require, without permanently increasing the headcount of an in-house IA department.

IPO Readiness

We provide IPO readiness services to evaluate the adequacy of risk management and internal control systems of an IPO candidate to meet the requirements for publicly traded companies.

We provide services to assist our clients to assess where they are on the continuum of internal control and risk management practices, where they need to be and how to close the gaps.

Enterprise Risk Management

We assist our clients in identifying, analysing, evaluating, treating, monitoring, reviewing and reporting risks via facilitated workshops, focus group discussions, interviews, review documents and our understanding of the industry in which the client is operating in.

Malaysian Code of Corporate Governance (“MCCG”) Review

We assist our clients in reviewing and determining the level of readiness in adoption of the MCCG 2021.

Under paragraph 15.25, Bursa Malaysia Listing Requirements (Listing Requirements): listed companies must ensure that its board of directors provide an overview statement of the application of the principles set out in the MCCG, in its annual report.

Process Documentation

We assist our clients in producing documents that clearly depict how a process fits into the organization’s activity with specific details, technical specifications, and procedures.

We bring together owners and managers, as well as shop floor employees who keenly understand each step, time-saving shortcuts, and performance standards that apply to separate parts of the business process documentation project.

Our IA Approach

The underlying principles governing our methodology are:

•Focus internal audit efforts on the client’s most significant business risks

•Evaluate the adequacy and application of key internal controls present to mitigate those risks and exposures

•Evaluate the adequacy and efficiency of business processes

•Provide the client with Best Practices comparisons and benchmarking.

•Assist in the development of action plans that improve performance and drive meaningful change