Internal Audit    

Combining modern audit methods, technology, industry knowledge and expertise to deliver effective internal audit services––anywhere in the world.

• Internal audit co-sourcing and outsourcing, including:
  • Risk assessment with digital risk tools
  • Planning, scoping and work-programme design
  • Audit execution—tech-enabled and data-led
  • Global project management, coordination and communication (multi-language)
  • Reporting and stakeholder engagement with visualisation tool
  • Internal audit management, taking on roles like Chief Audit Executive or Head of Internal Audit
• Full internal audit managed services—scalable, standardised, efficient and effective, using our technology, teams and delivery centres worldwide
• Organisation-wide internal controls programmes, such as Sarbanes–Oxley Act (SOX) or equivalent
• Specialist audits, such as cyber, ESG, M&A, HR and culture, media and strategy audits
• Third-party audits, including vendor compliance and due-diligence audits
• Forensic audits and investigations, addressing fraud and compliance breaches

Harness technology to boost the efficiency and effectiveness of internal audit, drawing valuable insights from data.

• Internal audit technology strategy
• System selection, implementation and configuration
• Design and use of data analytics, robotic process automation (RPA), continuous auditing and AI
• Alignment and integration with existing organisational technology, including risk, compliance and enterprise resource planning (ERP) tools
• Digital training and upskilling

Build confidence and new skills to unlock your team’s potential and prepare them for success.

• Internal audit talent strategy and framework implementation
• In-person and online training for internal audit and assurance teams, including controls programme leaders
• Training for business teams, including risk and control owners
• Upskilling for executives and management on corporate governance
• Support from subject-matter specialists for knowledge transfer during audits
• Coaching and mentoring for internal audit leadership, audit committee members and management

Enhance your capabilities to fulfil the potential of the next generation internal––and exceed your stakeholder expectations.

• External quality assessments (EQAs) and external strategic assessments (ESA)
• Benchmarking and health checks on internal audit maturity and performance
• Development and evaluation of internal audit quality management framework and processes
• Internal audit key performance indicators (KPIs), supporting alignment with corporate strategy
• Optimising internal audit, audit committee, board and other stakeholder reporting

Use internal audit’s strengths to analyse and quantify issues, advise on improvements and identify blind spots and emerging risks.

Areas where internal audit can add value:

• Corporate transactions, including due diligence and post-merger integration
• Addressing regulatory breaches with root-cause analysis and remediation monitoring
• Enhancing board effectiveness, such as decision-making and delegation of authority processes
• Navigating local laws and risks, especially during market entry
• Evaluating culture and behaviours to mitigate workstyle reform or transformation risks

If you have an existing internal audit function it will have evolved over time, but so too has internal audit outsourcing. It's time to reconsider whether specialist resources can give you the agility necessary to manage change and exploit the opportunities it presents.

An outsourced team aligned to your strategy, aware of the issues you're facing and armed with innovative techniques and technology can provide the insights, expertise and assurance you need to deliver against your objectives and meet the board's expectations.

If you are required to step up an internal audit function because of regulatory (PCF-13) requirements, we can help you outsource this function, including a Head of Internal Audit (HIA).

It is increasingly necessary to provide your stakeholders with assurance over the risks that matter. Yet, many in-house teams find it challenging to address them. They should consider co-sourcing as a solution. It is an essential part of what makes many internal audit functions successful. It provides access to technology, subject matter expertise and scalability. Co-sourcing can also support you in developing your staff's potential providing important skills and experience that few in-house functions can maintain alone.

As co-sourcing providers, we provide access to the full range of our capabilities, as and when our clients need. This includes technology and data solutions as well as deep industry experience.

From time to time, boards, executives or Heads of Internal Audit want to reconsider their future strategy, priorities, options and configuration of their internal audit function. We can help by:

• Staff augmentation and secondments: We can help solve your internal audit resourcing problems by complementing your team with specialist skills, local regulatory knowledge or geographical coverage.
• Quality assurance reviews: We can provide the impartial perspective of a third party which can be invaluable in helping you establish what good internal audit looks like for your organisation. We can provide a broad overview of the profession and marketplace as well as deep subject matter and industry experience to help shape your vision and the steps you need to take to improve your internal audit function.
• Training: We can develop internal audit training solutions unique to you and your business using our extensive market and industry knowledge.