To support your annual Statement of Internal Control, you need to develop a coherent assurance strategy which maximises assurance whilst minimising duplication or gaps in activity.

This is especially critical at the current time when fundamental regulatory changes to the role and responsibilities of Social Housing providers are being piloted or introduced.

The complexity of your organisation’s structure probably means that your sources of assurance are often interdependent, and may be variable in quality. However they are critical to the success of your organisation.

You should seek to engage an Internal Audit Service that contributes to the efficient management of resources within your organisation and assists in the achievement of your aims and objectives. Our internal audit team is experienced in providing support that will meet an organisations dayto-day audit activity as well as providing a more specialised audit team that can support your organisation in addressing any development issues.

Our approach to assurance
Deloitte’s approach to internal audit follows a risk based methodology. The scope, objectives and output of our service would
be set out in our Internal Audit Strategy and would be agreed with management and the audit committee.

Our key outputs would be:

• an internal audit strategy and work plan;
• internal audit reports on key systems summarising work conducted, findings, recommendations and action plans arising;
• quarterly reports summarising progress to date against annual operational plans and updates on progress against the implementation of recommendations; and
• annual internal audit controls assurance report.