An effective and smooth-running internal audit function is a strategic imperative for many organisations. A control function that is not delivering effectively, or efficiently, is a huge burden on businesses that face statutory, regulatory or governance requirements, or commercial pressures to achieve business objectives.
By making recommendations to improve overall effectiveness of the activities and operating procedures under management’s control, the results of an internal audit can play a vital role in supporting your organisation to achieve its strategic objectives.
A well-directed, properly resourced internal audit can be instrumental in creating an organisational culture which encourages continuous improvement in the management of risks. The nature of those risks is changing more quickly than ever, and the role of internal audit enables better risk management and strengthens corporate governance. In addition, a good relationship between the internal and external auditors will ensure that appropriate work has been carried out in each area of the audit, minimising audit risk.
We consider value for money issues as a routine element of our audit assignments. By working together with your external auditors, and by establishing an agreed understanding of how to work together, we are able to provide a complete, practical and cost-effective service for your organisation.
We will compile a risk-based annual plan and carry out internal appraisals focusing on the adequacy of internal control systems, in addition to assessing the efficiency and effectiveness of all your operations. We will also make recommendations for improvements as necessary, designed to add value to your business.