The changing business environment is driving Boards and audit committees to raise their expectations of internal audit, requiring them to deliver more value more efficiently.
Maximising the value and effectiveness of the internal audit function requires an understanding of an organisation's objectives, risks, risk management priorities, control framework, regulatory environment, and the diverse needs of critical stakeholders. Ultimately, these needs determine the risk profile of the organisation and the strategic focus, organisation, resources and practices required of its internal audit department.
We can assist organisations in improving the quality and effectiveness of their internal audit processes by providing external quality assessment reviews (QAR) to improve the quality of Internal Audit function and its conformity with International Internal Audit (‘IIA’) Standards, stakeholder expectations and best practice.
Country Managing Partner, PwC Armenia
Director, PwC Armenia