One of the consequences of the financial crisis has been the unprecedented regulatory pressure on financial institutions. In Luxembourg, the EU Directive on Alternative Investment Fund Managers (AIFMs) has emerged as one of the most challenging new regulations for self-managed AIFs.
The Directive has introduced a specific obligation for self-managed Alternative Investment Funds (AIFs) to adopt a permanent internal audit function, as specified in the application form for self-managed AIFs.
In this context, setting up and maintaining a well-proportioned and efficient internal audit function is vital in order to support all of the organisation’s stakeholders - and more specifically the executives and board members - in fulfilling their increasing responsibilities in terms of governance, risk management and control.
At Deloitte, you will find the internal audit management solution that is most suited to your needs.
|Your issue||Our solution||Our strength|
|Your internal audit is understaffed during ‘crunch time’||During peak periods, gain access to additional qualified staff||Flexibility|
|You do not have the skills required in-house to execute specific internal audits||Deloitte has the depth and breadth of resources to bring the right mix of skills||Multidisciplinary knowledge|
|Your internal audit staff lacks the methodology and tools to readily identify and mitigate risk||Gain access to proven methodologies and tools to achieve a broader risk perspective||Insight|
|In-house costs are fixed and may be difficult to maintain||Only pay for the resources you need and use||Cost reduction|
|Your internal audit staff lacks access to leading practices and automated tools||Deloitte leverages the latest benchmarking and analytical tools||Tools and methodologies|
Deloitte offers a full range of internal audit services to self-managed Alternative Investment Funds (AIFs) that help executives and board members not only to better understand and monitor the performance of critical operations but also, and more importantly, to achieve their strategic goals.
The Deloitte approach is based on risks and processes and contributes to significantly improving internal audit effectiveness and added value.
Deloitte’s teams rely on a well-proven, modular approach, tailored to specific needs on a case-by-case basis, to account for the size and specific features of the Alternative Investment Fund Management (AIFM) industry.
Deloitte’s services for AIFs specifically include:
Deloitte is recognised as leader in internal audit services. By choosing Deloitte, you will benefit from: