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The role of internal audit is evolving due to economic conditions, increased globalization, and new and emerging risks. These scenarios are creating a dynamic environment and a new opportunity for internal audit to demonstrate its value. In this changing environment, many companies are struggling to manage and even to identify the complex risks they face.
Assessing and managing enterprise risks have become primary concerns of CFOs, audit committees, and other stakeholders. Internal auditors can shift their focus to address these concerns and, in the process, increase their strategic value to the organization.
PwC provides a range of internal audit services, from outsourcing and co-sourcing to Quality Assurance Reviews that go above traditional financial reporting to help internal audit realize its full strategic potential.
PwC can help
We offer a full spectrum of services designed to enhance or transform the internal audit function, including:
- Outsourcing and co-sourcing. Our solutions range from selected co-sourcing of technical, geographic or industry-specific capabilities to full outsourcing of the internal audit function.
- Internal Audit Advisory Services. We provide a suite of consulting services that address the key concerns of internal auditors, including technology, risk assessments, training, process and organizational reengineering, as well as benchmarking and quality assurance reviews.
Our approach to internal audit focuses on helping clients to identify and prioritize enterprise risks that can impact shareholder value. We also work to drive down internal audit costs and boost efficiency by streamlining processes; reassessing goals and activities; sharpening the focus on value-adding processes; and leveraging technology. Our objective is to enable our internal audit clients to play a higher-value, more strategic role in their organizations.
Our global Internal Audit methodology
Given the current economic environment and ever increasing emerging risks, internal audit departments are increasingly required to deliver higher value at reduced or flat costs. PwC leverages its global internal audit methodology to achieve these dual objectives.