Internal Audit

Internal audit provides independent assurance that an organization’s risk management, governance and internal control processes are operating effectively. It is the third line of defense in an organization’s control environment. Internal audit function provides assurance to the BOD that the 1st and the 2nd line of defense in an organization’s control environment is functioning as expected or otherwise. Leading internal audit functions play a vital role in creating and preserving value to meet the changing needs of the organization.

A robust and focused internal audit function is an important resource to help organizations add value, validate that internal controls are effective, key processes are efficient, and potential risks are identified and addressed in a timely manner. Equally as important, when positioned strategically, internal audit can help prioritize objectives and activities, reduce complexity, and help eliminate redundancy, streamline operations, and drive down cost, which can significantly protect the organization while also enhancing stakeholder value and helping the organization achieve its goals and objectives.

How we can Help?

We help organizations in transforming their internal audit functions by partnering with, or serving as their internal audit function to improve internal controls and efficiency of processes and contribute to effective regulatory compliance. We also provide advice to existing internal audit functions on their strategy, purpose, methodology, resourcing and technology. Our services include:

  • Internal audit function, development and transformation

  • Quality assurance review of the internal audit functions

  • Conducting risk assessment, developing risk registers, internal audit plans and execution of financial, operational, core technical and specialized audits

  • Outsourced internal audit function.