Increasing regulatory scrutiny, greater operational complexity and the evolving risk landscape mean it has never been more important for businesses to implement effective internal audit functions. This, coupled with enhanced shareholder expectations and a desire by management to avoid or manage any control failures or weakness, can result in financial loss or reputational damage. The need for greater independent assurance has come to the fore and internal audit functions are critical in ensuring that their organisations are achieving their strategic objectives, implementing suitable governance processes, managing risks and operating an effective internal control framework.
We will help you because we invest time to understand our clients and their needs. We have been providing outsourced and co-sourced internal audit services for many years to complex and highly regulated listed and private businesses, such as in the financial services sector.
We pride ourselves in helping clients to implement effective internal audit functions as well as supporting in-house teams to deliver their internal audit plans. Our approach will be flexible and tailored to ensure you benefit the most from our expertise. Our services include:
Outsourced internal audit
We will help you set up an internal audit function and act as the Head of Internal Audit with responsibility for delivering the end-to-end internal audit process.
Co-sourced internal audit
We will work with your in-house team – either to provide support during times of resource stretch or to provide subject matter expertise, such as actuarial and IT.
Ad hoc control assurance reviews
We will perform ad hoc, independent reviews of particular areas or functions. This is often in situations where there is a known issue or concern and management, or the audit committee needs independent assurance.
Internal audit training
We will provide training sessions to your staff, management and Board members on best practice approaches to internal audit.
Support to Heads of Internal Audit
We will provide support to your Head of Internal Audit, advising on best practice approaches to internal audit planning and delivery. This can be provided informally or formally.
