Much like explorers in extreme conditions who must continually manage risk and uncertainty, companies have come to accept that market volatility and complexity, along with political and regulatory change, are here to stay.
Yet, in this greater risk context, many internal audit functions are not keeping pace, and companies face a major challenge in determining their strategy for internal audit and realising value from their investment.
At PwC, we support our clients to face internal audit challenges based on our global Internal Audit Methodology and the global best working practices. Our audit approach is risk-based and takes into account the priorities of key audit stakeholders. Our Internal Audit Advisory services include:
We have supported a major company in the energy sector to fully reorganise its Internal Audit Department's structure and operations by: