Internal Audit & Controls Advisory

Bringing value and meaningful solutions to your business

The PwC Internal Audit

Challenges facing Internal Audit have never been greater, with an increasingly global and complex business environment, as well as heightened governance awareness and increased stakeholder expectations.

Our Internal Audit specialists can assist in addressing these challenges by helping clients benefit from an enhanced internal audit function that provides better value for money and increased assurance.

Whether you are in need of setting up an internal audit department, transforming existing functions or attaining controls assurance, we can provide you with a tailored solution with our industry expertise, state-of-the-art internal audit tools and technology to meet your complex needs.

Transforming Internal Audit for the future

As business drivers evolve, so must Internal Audit's role in responding to these changes. Every internal audit function must stay ahead of disruption and maintain trust to provide better comfort to their organisation. 

We believe that what makes this role more meaningful is its agility in redefining the internal audit's mandate and the way it contributes to the achievement of business objectives.

Transforming itself is a crucial move to the internal audit function's contribution to the organisation as well as its ability to stay relevant in the business environment and industry. 

Start your transformation today.

Our services include

Internal audit and controls review

We can help you to: 

  • Develop strong board and management processes to enable effective governance
  • Guide management to develop a clear 'tone from the top'
  • Measure and monitor your control culture
  • Ensure your processes incorporate expected levels of key controls
  • Develop monitoring systems to ensure your controls work to support local governance and reporting needs

Quality assurance review

We can help you to: 

  • Conduct an independent, objective assessment in compliance with the Institute of Internal Auditors (IIA) standards 

  • Assess the effectiveness of the internal audit function 

  • Develop a roadmap to address any gaps identified between the current and desired state

  • Enhance credibility and performance of internal audit by aligning it with the needs and expectations of key stakeholders

  • Benchmark your internal audit function against your peers

  • Craft insights and value-adding recommendations to your Internal Audit executives and the Board

Setting up of Internal Audit department

We can help you to:

  • Set up an internal audit department or advise on internal audit transformation
  • Develop and enhance your internal audit maturity assessment
  • Implement relevant internal audit methodology
  • Benchmark against leading internal audit functions and provide access to the latest thinking and market insights
  • Develop a framework to help you evaluate the impact of your internal audit function on the business and the value-added insights you can provide to your organisation

Fraud risk control assessment

We can help you to:

  • Review your organisation's fraud governance structure 

  • Assess the maturity of your fraud risk management programme and benchmark against a standardised framework 

  • Assess the key controls implemented to protect your organisation from internal and external fraud

  • Review your organisation's investigative function, including assessing the processes used to collect, preserve and store data, the quality of reporting, and stakeholder management

Internal controls training

We can help you to:

  • Deliver internal controls training to management and staff
  • Prepare and deliver classroom or on-the-job training
  • Conduct training courses tailored to the needs of your internal audit function
  • Assist in Internal Audit capability building by providing tailored trainings across levels i.e. beginner, intermediate and advanced levels

Staff secondment for Internal Audit

We can help you to build your Internal Audit capacity with experienced and skilled Internal Audit practitioners for an agreed period of time, leveraging on our industry experience and knowledge.

To find out more on how we can assist you in digitalising your Internal Audit programme, please check out our GRC Enablement solutions.

Contact us

Nik Shahrizal Sulaiman

Nik Shahrizal Sulaiman

Partner, Risk Services, PwC Malaysia

Tel: +60 19 650 7305

Dominic Chegne

Dominic Chegne

Partner, Risk Services, PwC Malaysia

Tel: +60 12 332 2300

Follow us