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Internal audit
Internal audit has changed dramatically in recent years, evolving from a traditional auditing role, with a charter of protecting enterprise value, to that of an internal consultant, with increasing organizationwide pressure to enhance shareholder value.
Our internal audit professionals take a risk-based approach to internal audit to help clients improve performance and operating efficiency. We work closely and collaboratively with our clients, providing the full range of services-such as helping to design a strategic plan for internal audit, reengineering existing departments, providing specialized resources, or completely outsourcing the entire internal audit function.
Our practitioners have the knowledge, technology, and experience across a broad spectrum of industries, along with a distinctive approach, that make us uniquely qualified to help. We work closely with our clients to build world-class internal audit processes that become critical in helping management assess the current situation and strengthen the entire organization.
Our services include:
- Complete or partial outsourcing (co-sourcing) of internal audit departments
- Review and restructuring of internal audit department
- Designing the charter for the audit committee and internal audit department
- Developing risk based internal audit approach based on guidelines issued by Basel
- Committee on banking supervision and the Institute of Internal Auditor Inc.
- Designing and implementing COSO/COCO based internal control evaluation approach
- Designing detailed audit programs and checklists covering banking risks