Internal Audit Transformation

Monitoring risk. Enhancing operational efficiency. Adding value.

In both favorable and challenging economic environments, an organization’s need for counsel, competency and analytical skill remains high. The Internal Audit (IA) function can help meet these needs through its specialization in process efficiency, fraud detection, operational quality, internal control and regulatory compliance.

Deloitte’s Internal Audit Transformation (IAT) services assist boards and senior executives in more effectively managing enterprise risks by helping organizations protect shareholder value and enhance the effectiveness, quality and value received from IA. Our broad understanding of risks and areas of operational improvement – particularly the nuances of specific industry sectors and markets – can help internal audit functions improve their performance and operating efficiency and bring value to their organizations.

Featured insights

Adding insight to audit: Transforming internal audit through data analytics
Business analytics holds incredible promise for moving the internal audit process from hindsight to insight and foresight. This white paper discusses how analytics allows companies to more skillfully slice and interpret their data, deliver insight, and add value — enabling executives to make more efficient and effective decisions.
Internal audit: Be a key player in the risk management process
Published in the Pennsylvania CPA Journal, this article discusses how organizations can implement an effective enterprise risk management (ERM) program. It also addresses how the internal audit function can optimize its value by playing a major role in an ERM initiative.
End user computing: Solving the problem
This white paper explores both the challenges and benefits presented by end user computing applications such as spreadsheets. It also offers an objective model to help organizations manage and control these applications more effectively.
Continuous monitoring and continuous auditing
Discusses the potential barriers to and advantages of continuous monitoring and continuous auditing adoption.

As used in this document, “Deloitte” means Deloitte LLP [and its subsidiaries]. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.