Internal Audit

A Forward-Thinking, Digital-First Approach

Our approach to internal audits goes beyond merely analysing past events. We provide a forward-thinking and adaptable perspective on risk, utilising data and technology to deliver valuable insights and assurance. This approach not only enhances current processes and risk management but also helps to proactively prevent future issues.

Our Internal Audit Modernisation solution transforms your internal audit functions by leveraging our deep expertise, digitally skilled talent, industry insights, and access to specialised resources, tools, and accelerators. We aim to modernise every aspect of the internal audit lifecycle through a dynamic, digital-first approach.

No matter where you are on your internal audit journey, we are here to support you. Our goal is to ensure that you are effectively leveraging information to achieve superior business outcomes now and into the future.

As organisations embrace digital transformation, internal audit must evolve too. In a tech-driven environment, audit clients demand more than regulatory support; they seek innovation and value. Companies in Gibraltar aim to leverage data and new technologies to enhance audit outcomes. It's time to modernise your internal audit process to meet these expectations.

Proactive risk focus

Embed a continuous risk sensing process that uses external and internal sources of data for the identification of risk areas.

Accelerate digital transformation

Emerging technologies like AI, blockchain, and robotics, which enable continuous, real-time audits and reduce the need for large teams. These innovations make audits faster, smarter, and less error-prone. As technology enhances audit quality, the key question is how it will deliver greater insight and judgement.

Audit spectrum, not audit plan

Diversify the scope and nature of internal audit activities. Issues-based reviews, internal audit insight workshops, and more...

Higher precision audit activities

Analyse 100% of populations using analytics, neural networks, and AI to scope highly focused internal audits.

Behavioural science

Leverage data to identify behavioural trends and root cause-uncover the blind spots!

Companies often waste time and resources on data collection, slowing access to insights and leaving data unused. In a rapidly changing landscape, Gibraltar organisations need to unlock their data's full value by adopting an innovative audit approach that combines technology and human expertise. This strategy allows for better data analysis, revealing hidden threats and opportunities, and enables efficient data use for faster decision-making.

How can we help?

Establish a foundation

Accelerate your transformation

Sustain your progress

Sound familiar?

Qualitative risk assessment discussions seem too high-level
Control testing activities are duplicated across the three lines
The sample approach for audit work seems antiquated
Stakeholders' expectations are increasing, but budget pressures remain
Attracting and retaining NextGen talent is challenging
We need to audit differently

Are you ready to:

Identify blind spots previously impossible to see and uncover human behavioural patterns through advanced technology
Provide greater coverage of risk across the organisation leveraging a data-driven approach
Influence the strengthening of the first and second lines through digital collaboration and continuous monitoring
Shift to more rewarding and valuable opportunities and involvement for IA talent