Internal audit has become essential for most organisations in the light of greater emphasis placed on Corporate Governance, Audit Committees and responsibilities on non-executive directors, as well as  recent legislation in Cyprus for Financial Services Providers requiring that all licensed Financial Services Providers establish internal audit procedures.

Deloitte & Touche has specialised knowledge and expertise to provide internal audit services beyond the traditional transactions testing, concentrating on business and strategic risks to assist companies excel in meeting the demands of the new corporate world.

Our services may be tailored to the needs of your business and include:

• Assistance for the creation and setting up of an internal audit department, identification of risk areas and risk management framework as well as the development of an internal audit work program.
• Identification of internal control weaknesses with recommendations on how to improve on those weaknesses, enhance efficiencies and reduce operating costs.
• Introduction of benchmarking of the companies' controls and procedures against best practices.
• Assistance for the introduction and implementation of the Corporate Governance policies and benchmarking against best practices.