Managed service (outsourcing)
For many organisations, the best way to have a full scope internal audit function within their budget envelope that can draw on a wide range of skills required to review different areas and risks, is to utilise our full managed service. Through this we bring the full power of PwC’s technologies, analytics and specialists in a well managed package led by a compact core team.
Where an organisation’s spend on internal audit is significant, the best model is often one with one or two partner organisations to provide technology, specialists and scalable capacity. Often referred to as co-sourcing, we bring a wide range of support to Chief Audit Executives of some of the largest and most complex global organisations. Through this relationship we provide access to technology and data solutions, deep industry experience and comparators, and the full range of PwC’s capabilities, as and when our clients need. There are a wide variety of service configurations available, depending on your needs. What is common is a compact core team at the centre of your relationship.
From time to time, boards, executives and/or Chief Audit Executives want to reconsider their future strategy, priorities, options and configuration of their Internal Audit function. Through serving hundreds of major organisations globally, across sectors, we are well placed to bring an objective view, with ideas and options based on your organisations context, strategy, risk appetite and associated governance, risk and compliance. We can provide a broad overview of the profession and marketplace as well as deep subject matter and industry experience to help shape your vision and the steps you need to take to improve your Internal Audit function.