The Board is facing ongoing pressure from stakeholders to mitigate risk yet
drive business performance. Internal audit plays a critical role in providing
objective assurance that protects the business against risk, informs strategic
decision making and improves its performance. However, many organisations do
not have an internal audit function with sufficient expertise to step up to the
challenge.
We help companies improve the value and performance of the internal audit
function by providing solutions tailored to your needs. Whether you need
outsourcing/co-sourcing, internal audit transformation or internal audit
start-up assistance, we bring extensive knowledge of internal audit, along with
sector specialists who know your industry and its technical risk areas.
How we can support
you
More about this
service
Potential issues
- Your internal audit function has insufficient resource to cover the
geographical spread of your organisation
- You want to improve your internal audit function to keep pace with changing
risks
- You want to assess the effectiveness of your risk management, internal
audit and corporate governance procedures
- You need assurance that your processes and controls effectively manage your
business risks
- You are concerned about finding sufficient or specialised talent to audit
complex areas
- You need advice on how to align the work of the internal audit function
with your organisation’s strategic objectives.
How we can support you
- Assess whether your internal audit function is delivering effectively to
stakeholders
- Provide reassurance that your internal audit, risk management and corporate
governance procedures are operating effectively
- Advise on the development of internal audit and risk management
methodologies that align with strategic business objectives
- Access to specialist internal audit skills using a consistent approach on a
global basis
- Provide internal audit resourcing solutions, including full outsourcing or
by complementing in-house functions with specialist skills or geographical
coverage.
PwC’s services include:
- Internal audit outsourcing - an outsourced service provided through a
combination of a dedicated, core delivery service team and a virtual team
comprising the broadest range of specialists
- Internal audit co-sourcing - in our co-sourcing arrangements, we work in
partnership with our clients, taking a variety of roles and responsibilities,
but overall reporting into the head of internal audit
- Internal audit effectiveness reviews
- Advisory services related to any aspect of internal audit including
methodology and tools
- Training services.
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