Building a strategic internal audit function

View this page in: Türkçe To help you design and implement a strategically focused internal audit function, PricewaterhouseCoopers developed a 10-step start-up framework. With this framework, we can help you develop your strategies and implement the right tactics for your specific situation. Our approach, which has been successfully proven within many companies in various industries, allows your internal audit function to become quickly operational.

When designing an internal audit function, strategy must drive tactics, not the inverse. Too often, the start-up is in response to an immediate tactical need. In a rush to implement a response, key strategic issues can be overlooked. The result can be a tactical internal audit function in search of a strategy.

Effective use of our framework will help you develop your strategies and implement the right tactics to ensure your success. Below chart represents the steps followed by our framework.

 

Internal audit function contributes to better governance when it operates within a strategic framework established by the primary stake holders and addresses enterprise-wide risk and control issues. Once this strategic framework is in place, your company will be well positioned to define the mission, organizational structure, resource model, working practices and communications protocols for your internal audit function.