An Independent Outsourced Internal Audit Function Tailored to East Capital’s Business
To further strengthen East Capital Financial Services’ governance and internal control framework, Advisense serves as its fully outsourced Internal Audit function. Through independent, risk-based reviews, we provide the Board with clear insights, actionable recommendations and assurance across key areas of the business.
Outsourced Internal Audit Function
Independent Value-Adding Assurance
Risk-Based Reviews
East Capital Financial Services (East Capital) is an asset management company operating in a highly regulated environment, where effective governance, risk management and internal controls are essential. Since 2023, East Capital has outsourced its Internal Audit function to Advisense.
In the assignment, Advisense manages the Internal Audit function on behalf of East Capital and reports independently to the Board. The collaboration is based on a thorough understanding of East Capital’s organisation, operations and regulatory requirements.
The Challenge
East Capital required the support of an experienced external provider capable of managing all aspects of the Internal Audit function. The assignment required strong Internal Audit and regulatory expertise, combined with the ability to understand East Capital’s business and adapt the work to the organisation’s specific needs.
An important part of the assignment was also to provide the Board with clear and relevant reporting on processes, controls and areas for improvement, while ensuring that the Internal Audit work remained proportionate, risk-based and constructive.
The Solution
Advisense provides East Capital with a fully outsourced Internal Audit function. Advisense plans and performs independent reviews of the company’s processes, governance arrangements and internal controls, and report identified recommendations directly to the Board.
Advisense’s approach is tailored to East Capital’s operations and regulatory requirements. By developing a detailed understanding of the business, Advisense is able to focus their reviews on the areas that are most relevant to the organisation. The reports are designed to provide clear, practical and constructive recommendations that support both the Board’s oversight and East Capital’s ongoing improvement work.
The Result
The collaboration provides East Capital with an independent Internal Audit function, supported by financial-sector specialists from Advisense.
Through structured reviews and clear reporting, the Board receives additional insight into the effectiveness of the company’s processes and controls. The recommendations also provide practical support for East Capital’s continuous efforts to strengthen its governance, risk management and internal control framework.
Since 2023, East Capital has outsourced its Internal Audit function to Advisense. Advisense conducts structured and professional reviews of our processes and controls and provides clear and constructive observations and recommendations that support our ongoing work. We particularly value their expertise, their thorough understanding of our business, and their ability to tailor their approach to our specific needs.
– Anna Svensson, General Counsel, East Capital Group
As East Capital’s outsourced Internal Audit function, we provide the Board with an independent and constructive perspective on governance, risk management and internal controls. Our deep understanding of East Capital enables practical recommendations that support informed decisions, strengthen the control environment and contribute to long-term value.
– Iman Ghaffari, Director, Compliance & Governance, Advisense
For more information please visit our Internal Audit page.
