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

Reining in project risk: Predictive project analytics
Predictive project analytics holds tremendous potential for helping organizations assess the likelihood of project success, improve overall project performance, and identify and implement quick fixes for projects and programs already underway.
Insight: Delivering value to stakeholders
Published by the Institute of Internal Auditors and co-authored by Deloitte & Touche LLP’s Patricia Miller and Tara Smith, this report discusses how internal auditors could do more to deliver insights into organizational risks and opportunities.
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.

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