Unprecedented levels of regulation and market expectation are driving audit committees to place increasing reliance on internal audit functions to deliver high quality assurance over controls in place to manage current and emerging risks across financial, operational, regulatory compliance processes and major projects.
In order to meet these increased expectations, internal audit functions need a full complement of skilled and experienced staff, effectively focused to provide value added assurance for the effectiveness of controls in place to manage areas of greatest risk and to effect and enable change in the business without sacrificing its independence.
We help our clients to establish and run internal audit functions which provide balanced and objective assurance over the effectiveness of controls in place to manage an organisation’s key risks and respond to the issue driven requirements of its key stakeholders.
We can manage the internal audit function for you. We facilitate the risk assessment and assurance planning process as well as execute audits against the assurance plan using highly skilled internal auditors with relevant industry knowledge.
We can provide skilled and experienced resources to your in-house internal audit team and support you in quality assuring on the work performed in delivering specific projects. For example, where the area under review requires specialist skills in areas such as fraud, supply chain, treasury, tax or where the project needs to be delivered in international locations.
We can provide internal audit team members on a loaned staff basis to support specific projects within your assurance plan. This service offers you the ability to access specialists skills without having to employ staff full time.
We are skilled in carrying out effectiveness reviews of internal audit functions driven by a combination of Institute of Internal Auditors (IIA) standards and your stakeholders’ expectations. Results include benchmarking statistics, recommendations and suggestions for improvement – leading to an improved and more effective internal audit function with an enhanced image within your organisation.