First time function set up

For organisations taking their first steps in creating an Internal Audit capability. We help accelerate the establishment of an effective Internal Audit function, leveraging a tried and tested blueprint. Creating fit-for-purpose, cost-efficiency, and a roadmap for the future that can evolve as your organisational assurance needs expand.

Advisory labs

The business environment is constantly evolving and demands innovation. The Internal Audit function requires new approaches to meet evolving stakeholder needs, we help set, refresh and re-imagine their purpose, vision, and strategic priorities to create impact and value for their organisations.

Methodology

We support Internal Audit functions design, build and implement new ways of working and re-imagine existing practices across the audit lifecycle.

Agile Internal Audit

As a leader in applying Agile Internal Audit, we help Internal Audit functions to embrace agility as a means of enhancing quality, speed, responsiveness, engagement, impact and adaptability. For more experienced agile functions, we can elevate and expand the use of agility across the audit lifecycle.

Digital Internal Audit

Technological advances and trends in advanced analytics, robotic process automation, and artificial intelligence are rapidly reshaping Internal Audit’s operating models, improving productivity, and enabling innovation in the way Internal Audit provides value. We help Internal Audit functions set their digital strategy, identify opportunities to use automation and implement new tech-enabled ways of working in areas such as dynamic risk assessment, management dashboards and automated Audit Committee reporting.

Learning and development

Attracting, developing and retaining the skills, and capabilities, to drive impact in an agile and digital world is critical to Internal Audit’s success. Our Internal Audit Development Pathway is a flexible, on-demand learning programme for Internal Audit practitioners, built on years of Deloitte professional expertise.

External Quality Assessment

Organisations responding to the BEIS Audit and Assurance policy recommendations must consider the effectiveness of their Internal Audit functions. The Institute of Internal Auditors (IIA) recommend an independent external quality review is performed at least once every five years. We work with Boards and Audit Committees to assess their Internal Audit function’s conformance with industry expectations, relative performance against peers and provide recommendations to enhance the effectiveness and strategic positioning of Internal Audit.

Quality Assurance

We have a dedicated team of Internal Audit professionals who specialise in quality assurance reviews who can support the development, management and execution of your quality assurance programmes for Internal Audit functions or support your in-house quality assurance teams.

Benchmarking

An Internal Audit function’s role, remit, size, and shape should reflect the organisational context in which it operates. Our bespoke and tailored benchmarking helps organisations challenge and inform their approach to Internal Audit.