Dear Khun Pad,
I have received the DHC letter dated 1st April 2015 regarding the internal audit engagement earlier this week on Tuesday 5th May along with your immediate reminder of 6th May, and I am pleased to inform you that the same is under critical review from our end.
Ideally this should have been shared with MSA much much earlier, as we believe the communications are on with DHC over the last few months, however MSA has not been in this communication loop at all.
I hope you will appreciate that we will need some time to do this within our team and will not be able to respond to your prescribed timeline request of a just couple of days, when in fact you have had this communication with DHC for several months and the offer for several weeks.
Moreover, and more importantly to note, (I have also discussed this with Khun Ong On earlier) is that the entire DHC team that did the audit for MSA had moved to PWC. I believe DHC have a completely new team (with lots of juniors) and a partner who has not handled risk advisory before but has been asked to immediately step in and fill the vacuum created by the earlier team.
Hence It is important for us to evaluate the new team at DHC who will conduct the audit and not just the vanilla scope of work to be undertaken by them in contunumm of their earlier engagement.
We may also look at requesting a parallel offer from PWC for offering their services on the internal audit, since the team there is intimately familiar with MSA working and operations and they may possibly be better positioned to audit confirmatory compliance on the erstwhile laid guidelines and checkmarks.
Needless to say that we will keep you abreast and updated concurrently on the same.
Thank you for your understanding and kind patience,
Dear Khun Pad, I have received the DHC letter dated 1st April 2015 regarding the internal audit engagement earlier this week on Tuesday 5th May along with your immediate reminder of 6th May, and I am pleased to inform you that the same is under critical review from our end.Ideally this should have been shared with MSA much much earlier, as we believe the communications are on with DHC over the last few months, however MSA has not been in this communication loop at all.I hope you will appreciate that we will need some time to do this within our team and will not be able to respond to your prescribed timeline request of a just couple of days, when in fact you have had this communication with DHC for several months and the offer for several weeks. Moreover, and more importantly to note, (I have also discussed this with Khun Ong On earlier) is that the entire DHC team that did the audit for MSA had moved to PWC. I believe DHC have a completely new team (with lots of juniors) and a partner who has not handled risk advisory before but has been asked to immediately step in and fill the vacuum created by the earlier team.Hence It is important for us to evaluate the new team at DHC who will conduct the audit and not just the vanilla scope of work to be undertaken by them in contunumm of their earlier engagement. We may also look at requesting a parallel offer from PWC for offering their services on the internal audit, since the team there is intimately familiar with MSA working and operations and they may possibly be better positioned to audit confirmatory compliance on the erstwhile laid guidelines and checkmarks.
Needless to say that we will keep you abreast and updated concurrently on the same.
Thank you for your understanding and kind patience,
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