PKF uses cookies to enhance your browsing experience and analyse site traffic. By continuing to browse our site, you consent to the use of cookies. For more information, please refer to our Privacy Policy

Home Services Internal Audit

Internal Audit

We bring the required skills, experience and capacity to outsourcing clients' internal audit function. Internal audit is a core resource in the governance process, and we draw on our firm-wide specialist skills to bring a comprehensive solution to our clients, as well as providing independent assurance on critical business processes.

Full outsourcing includes the performance of all internal audit activities - including risk assessment, audit planning, performance, communication/ reporting - on a recurring basis. The client may have or may choose not to have a chief audit manager.

Co-sourcing is when we assist with in-house internal audit functions in the execution of their internal audit plans.

Quality Assessment Reviews: in our quality assessment process, we perform a comprehensive review of the overall effectiveness of a client's internal audit function. This would typically include:

  • Compliance with professional standards;
  • The effectiveness and efficiency of function activities;
  • Organisation, resource and skill capabilities;
  • Evaluation of stakeholder needs and fulfilment of those needs; and
  • Identification of strengths and improvement opportunities that strategically position the internal audit function for on-going success.

Get up to speed with the new IIA standards

To help you stay ahead of the game, we've put together a comprehensive guide that breaks down the new standards structure, highlights the major changes, and explains what they mean for organisations.