An effective internal audit gives you the visibility you need to identify and mitigate your major strategic, financial and operational risks. We can help you understand those risks and take action to protect your organisation against them. With recent global issues, and the challenges they have brought across all sectors, the pace of technological change, regulatory developments and evolutions in working styles – this is more important than ever.
The value of internal audit
An effective internal audit and risk management programme can open new opportunities and support growth.
Whether it is a regulatory requirement or not, all organisations should place internal audit at the core of governance and control frameworks. It gives the board and senior management the confidence that the business is operating in an informed and viable way. With greater visibility, we can also give you expert advice on controls.
How can we help you?
Our internal audit team will always champion a bespoke and tailored approach to internal audit, as we see it as a partnership arrangement that we perform with our clients, rather than for them. Our specialists have extensive experience in recognising the nuances across and between sectors, organisation structures, sizes, risk appetites and various regulatory landscapes.
We typically work with our clients to provide the following internal audit services:
A fully outsourced internal audit service
We can oversee your entire internal audit function and requirements, helping to identify and manage risks.
A co-sourced internal audit service
We can bolster your existing internal audit function with experienced internal auditors at a senior leadership, managerial or operational level. In this role, we help fill any resource and specialist knowledge gaps.
Alongside these services, our specialist team support with internal audit transformation or start-up initiatives, giving you strategic input and guidance on how best to start internal audit programmes.
Our team is here to help boost the value, efficiency and strength of your internal controls and help futureproof your organisation against your most significant risks.
Our internal audit approach
Our risk-based approach identifies the strategic, operational and financial risks your organisation faces. We can work with you to ensure you are effectively managing risks across systems, processes, people and working practices in a way that aligns with your business objectives.
Where we identify areas of control weakness, we will set out a clear path for continual improvement and risk mitigation. We always take a collaborative approach, meaning that we’ll agree the appropriate prioritised and corrective actions with you.
Working with subject matter experts
You may benefit from working with an adviser who has specific skills and experience in key elements of your business. Where we believe it will add value to you, we can assign subject-matter experts from across the entire RSM network to respond to your needs.
We have expertise in the following areas:
- technology risk;
- cyber security;
- contract risk;
- tax risk;
- international development consultancy;
- fraud prevention and detection;
- project and programme assurance;
- specific regulatory requirements; and
- funding/grant assurance.
For more information on how we can work with you to improve your internal audit programme, please contact Mark Jones, Jed Turnbull or Shingo Soga.