Internal Audit Advisory Services

The dialogue among stakeholders, audit committees and the regulatory authorities on the role and performance of internal audit has never been more robust, or more candid. Getting the most out of internal audit is a business imperative. PwC delivers a range of advisory and consulting services that enable audit functions to:

  • Enhance the quality, relevance and value of their services and deliverables
  • Increase audit productivity and reduce overall costs and cycle times
  • Improve client engagement, relationships, and satisfaction

How PwC can help

Our services include:

  • Performing Quality Assurance Reviews (QARPlus) to assess the internal audit function’s conformance with The Institute of Internal Auditors (IIA) standards as well as provide a comparison against leading practices of high performing internal audit functions
  • Benchmarking internal audit performance to evaluate the current state of the internal audit function against demonstrated best practices
  • Establishing internal audit functions following our 7-step approach
  • Developing strategic plans and supporting initiatives to transform internal audit functions
  • Enhancing metrics and balanced scorecards to measure results and drive continuous improvement
  • Conducting stakeholder analyses and establishing communications plans to enhance stakeholder engagement, relationships and satisfaction
  • Performing risk assessments and developing audit plans to raise the level of internal audit performance
  • Designing and supporting changes to internal audit structures, capability frameworks and talent models
  • Enhancing internal audit methodologies and manuals to improve consistency of audit execution and use of best practices
  • Advising on and supporting audit technology implementations to enhance the overall efficiency of the internal audit function and processes
  • Developing and delivering training plans to enhance the skills of the audit staff

Talk to us about PwC’s commitment to quality improvement that goes beyond just compliance.