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 organisation-wide pressure to enhance shareholder value. The importance and visibility of internal audit has never been greater. Now, more than ever, management, audit committee members and other stakeholders are demanding a world-class audit function. The cost of failure is too high.
It is no secret that over the last five years, unprecedented levels of regulation and ever greater market expectations have placed the areas of governance, risk management and internal controls under dramatically increased scrutiny – from business, local government, international governance agencies, industry analysts and the media.
Our Internal Audit team in the Cayman Islands is part of Deloitte’s Enterprise Risk Services group, and comprises professionals with knowledge and experience spanning a range of industries and operational functions. Our Deloitte team has developed a specific set of service offerings, tailored to meet the needs of small, medium and large enterprises.