Elevate Your Internal Audit Function

Broader Assurance Services

We offer tailored internal audit (IA) solutions to meet your unique assurance needs. Our strategically focused internal audit function aligns with The Institute of Internal Auditors' (IIA) requirements and other relevant industry standards. Our strategy delivers multiple benefits, including enhanced governance and risk mitigation, proactive risk identification and assessment, controls due diligence, post-merger integration support, and compliance and regulatory assurance.

Our approach goes beyond traditional auditing by focusing on operational efficiency and effectiveness, optimizing your processes and systems. We provide strategic insights to guide decision-making, reinforce governance and accountability structures, and offer knowledge in fraud detection and prevention. We also ensure your internal audit function evolves with your business needs by focusing on continuous improvement and adaptability.

Key services

Internal Audit risk assessment and audit plan development
Internal Audit outsourcing and co-sourcing
External Quality / Gap Assessments

Internal Audit risk assessment and audit plan development

We will accelerate your journey toward a leading-class IA function. Our methodology combines a top-down and bottom-up approach, integrating data analytics and visualization throughout the Internal Audit lifecycle. We prioritize data use early in the risk assessment phase, employing tools and techniques to identify and rank risks. Dashboards are then used to visualize the audit spectrum results, providing a comprehensive view of your organization's risk landscape.

Internal Audit outsourcing and co-sourcing

We provide organizations with access to specialized talent, advanced technology and strategic insights. Our flexible model enhances risk coverage, delivers efficient audits and optimizes costs by avoiding fixed infrastructure. We enable clients to focus on high-value activities, improve audit quality and adapt to changing business needs. Our services also offer expanded geographic coverage, access to leading practices and external perspectives, and knowledge in various auditable areas including financial, operational and risk management.

External Quality / Gap Assessments

While regulatory bodies like Bangko Sentral ng Pilipinas (BSP) and Securities and Exchange Commission (SEC) require a full External Quality Assessment (EQA) every five years to evaluate conformance with IIA Standards and the Code of Ethics, PwC goes above and beyond. Our External Strategic Assessment (ESA) not only meets these requirements but also provides valuable insights by:

benchmarking against industry best practices and leading global companies;
addressing stakeholder concerns effectively; and
enhancing your organization's reputation.

Additionally, we offer a unique opportunity to prepare for the future. By leveraging insights from our ESA, we can perform a gap assessment against the new Global IIA Standards, expected to be effective in 2025. This proactive approach allows for easier compliance with future standards, ensuring your internal audit function remains at the forefront of industry excellence.