Internal Audit

We help organizations establish effective Internal Audit functions that are aligned with their governance requirements, strategic objectives, and risk profile. Our support covers the design of the Internal Audit mandate, operating model, methodology, and reporting framework, as well as the development of risk-based audit planning processes. 

The result is a scalable and fit-for-purpose function capable of delivering value from day one.

We help organizations strengthen their Internal Audit capabilities through flexible co-sourcing and outsourcing arrangements. Both models provide scalable access to experienced professionals and specialist capabilities, helping organizations strengthen risk management, internal controls, and governance.

In co-sourcing model, we work alongside internal audit teams, providing specialist expertise and additional capacity where needed. Our specialists complement internal teams on a flexible basis, enabling organizations to access the expertise they need without increasing permanent headcount. Common areas of focus include:

• Evolving regulatory requirements, including emerging legislation such as the EU AI Act
• Cybersecurity and cloud environment assessments including penetration testing
• Technology audits and digital transformation initiatives, including ERP implementations and AI-enabled audit capabilities
• Forensic investigations requiring specialist expertise and rapid response
• Third-party and supply chain risk reviews across complex business environments

In outsourcing model, we deliver Internal Audit activities end-to-end, from risk-based audit planning through execution and reporting. Audit priorities are aligned with key risks and stakeholder expectations to ensure focus on the areas that matter most.

We help organizations assess the effectiveness and maturity of their Internal Audit function through a structured External Quality Assessment (EQA) approach. Using our global EQA methodology, we evaluate alignment with the IIA's Global Internal Audit Standards (GIAS) while also benchmarking against industry good and leading practices.

Our proven 5P model assesses the Internal Audit function across five dimensions: Purpose, Position, Process, People, and Performance, providing a comprehensive view of current capabilities and opportunities for enhancement.

The assessment delivers practical recommendations to strengthen Internal Audit practices, support continuous improvement, and help the function meet evolving stakeholder expectations.

The Internal Audit profession is evolving rapidly. Rising stakeholder expectations, expanding risk landscapes, and increasing demand for advisory support require Internal Audit functions to operate in new ways. Our modernization services cover the full Internal Audit operating model, including governance, processes, skills, and reporting, helping functions deliver greater insight and organizational value.

As the roles of Internal Audit, Risk Management, and Compliance continue to evolve, organizations need clearer accountability and stronger collaboration across the three lines model. We support the redesign of roles, responsibilities, and ways of working while preserving Internal Audit independence.

AI-enabled capabilities are reshaping the audit profession. Integrating advanced analytics, intelligent automation, and emerging AI technologies into audit activities improves efficiency, expands coverage, and enhances the quality of audit outcomes.