Our Internal Audit Services practice provides a broad range of solutions to our clients seeking to strengthen their internal control, risk monitoring and strategic risk management capabilities. These solutions range from advisory services designed to enhance the focus and value of an existing internal audit or risk management function to full outsourcing, co-sourcing or strategic sourcing of an internal audit function.
In today’s business environment, the internal audit function needs to walk a fine line between providing assurance and consulting to management without impairing its objectivity and independence.
If this is your situation
- You’re concerned that your internal audit function can’t keep up with the changing risks facing your business.
- You find it difficult to recruit and retain internal audit professionals in all of your key skill areas.
- You need to supplement your in-house internal audit function with specialist skills.
- Your internal audit function has insufficient resources to cover the geographic scope of your organization.
- Your organization considers internal audit to be a non-core activity so you want to find an external provider.
You need to assess the effectiveness of your risk management, internal audit, and corporate governance procedures.
How PwC can help you
Maximizing the value and effectiveness of the internal audit function requires an understanding of an organization’s objectives, risks, risk management priorities, regulatory environment, and the diverse expectations of critical stakeholders including audit committee, the board, executive management, external auditors, employees, and shareholders. Ultimately, these needs determine the risk profile of the organization and the strategic focus, organization, resources and practices required of its internal audit department.
We can assist organizations that need help improving the quality and effectiveness of their internal audit processes in a number of ways:
- By advising and assisting in the development of internal audit and enterprise wide risk management methodologies, including assessing whether the internal audit function is delivering effectively to stakeholders
- By providing internal audit sourcing solutions, including full outsourcing or complementing in-house functions with special skills or geographical coverage.
- By supporting internal audit functions by developing training for internal auditors using our extensive market and industry knowledge to create highly-tailored solutions.
Our services:
- Internal Audit Sourcing (More information about this service)
- Full internal audit out-sourcing
- Internal audit co-sourcing and Staff augmentation
- Internal Audit Advisory Services (More information)
- Strategic Internal Audit Advisory Services
- Risk Assessment Services
- Sarbanes-Oxley and Basel II Support
- Quality Assurance Reviews
- Internal Audit Trainings
- Internal Audit Tools (More information)
