Internal Audit Services

View this page in: Lietuviškai 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 Jogëla
Director of Assurance Services
Tel: +370 (5) 239 2311