Internal audit functions are required to deliver a mix of “value protection” reviews (discipline in following control procedures) as well as “value enhancement” reviews (process improvement or efficiency), in order for management to deal with their organisation’s risk profile and improve governance, which will give them greater control over their future.
Given the current economic environment and ever-increasing emerging risks, internal audit functions:
PwC can help our clients create a future-facing internal audit function that will enhance value for the organisation, through the full outsourcing or co-sourcing of internal audit services.
We deliver continuous insight, foresight and access to a comprehensive range of specialists, enabling the improvement of governance, management of risk and confidence regarding the smooth operations of your organisation.
Our tried-and-tested internal audit methodology identifies four key stages to be undertaken in order to develop and implement an operationally effective capability:
We have worked with a group of companies in the industrial manufacturing sector, supporting the Head of Internal Audit with co-sourcing services. In particular, PwC professionals our team executed the audit fieldwork (i.e. detailed planning, audit execution and reporting) for the client’s subsidiaries in more than a dozen different countries across the globe.