Internal Audit Services
The Risk Management Challenge
Growing businesses face increasing risks - from fraud and compliance failures to operational inefficiencies. Without proper internal controls, these risks can lead to significant losses, regulatory penalties, and reputational damage.
Our Internal Audit Approach
We provide independent, objective assurance that adds value and improves your operations. Our risk-based approach identifies weaknesses, enhances controls, and ensures compliance while driving operational efficiency.
Internal Audit Services
- Risk assessment and management framework
- Internal control evaluation and testing
- Compliance audits (GDPR, FCA, ISO, etc.)
- Operational efficiency reviews
- Financial process audits
- IT systems and cybersecurity audits
- Fraud risk assessment and prevention
- Procurement and vendor audits
- Corporate governance reviews
- Post-implementation reviews
Benefits of Internal Audit
- Identify and mitigate risks before they impact
- Improve operational efficiency by up to 30%
- Ensure regulatory compliance
- Prevent fraud and financial losses
- Enhance stakeholder confidence
- Support strategic decision-making
- Reduce external audit costs
Frequently Asked Questions
How often should we conduct internal audits?
High-risk areas should be audited annually, medium-risk every 2-3 years. We'll help develop a risk-based audit plan tailored to your business needs and regulatory requirements.
What's the difference between internal and external audit?
Internal audit works for management to improve operations and controls. External audit provides independent opinion on financial statements for stakeholders. Internal audit has broader scope including operations, compliance, and strategy.
Can you provide outsourced internal audit?
Yes, we offer fully outsourced internal audit services, providing expertise and independence without the cost of a full-time internal audit department.