Our internal audit specialists assist companies in strengthening their internal audit function
and providing a wide range of solutions to companies seeking to strengthen
their internal controls, risk monitoring and strategic risk management.
Ways of strengthening
your internal audit
Depending on your
needs, PricewaterhouseCoopers may offer the following internal audit services:
Establishment of
an internal audit department, including development of its terms of
reference and charter
Training of internal
auditors as part of our corporate training programme
Quality reviews of different business processes within a company
Assessment of the
effectiveness of controls present in a company
Partial outsourcing of a company's internal audit department
Risk assessment and work planning on behalf of a company's internal audit department
Differences between internal and external audits
Internal audit and
external audit differ from each other in many respects. For example:
External audit:
Reports to the
annual shareholders meeting
Focuses on whether
the financial statements are true and fair
Comments on the
company's controls only as a by-product
Internal audit:
Reports to the
shareholders' council
Focuses on internal
controls and procedures
Reports on the
controls of the company as the main objective
However, there is
one crucial similarity. If they are to be effective, both internal and
external audits need to be independent. Consequently, PricewaterhouseCoopers,
as independent specialists, are in a position to offer internal audit
services as well as external.
For further information about our internal audit services please contact:
Rimvydas Jogėla Director of Assurance Services
Tel: +370 (5) 239 2311
