Internal audit and risk

Risk, governance and internal control have never been higher on the boardroom agenda as the board faces growing pressure from stakeholders. The internal audit function should play a critical role in the corporate governance framework by providing independent assurance that protects the business against risk, informs strategic decision-making and improves overall performance. However, many boards are not getting optimum value from their internal audit function and are potentially exposing themselves to major risks.

PwC's internal audit specialists help boards benefit from an enhanced internal audit function that provides better value for money and increased assurance. Our key strength is that we not only ensure that clients gain access to our extensive experience and knowledge of best practice as leading internal audit service providers, but also provide access to sector specialists who know your industry and its technical risk areas.

How we can help you:

• Benchmarking internal audit performance
• Advising boards on optimum resourcing models
• Providing co-sourcing/outsourcing services
• Improving the quality, productivity and value of in-house services
• Enhancing internal audit methodologies to improve audit planning, execution and reporting
• Advising on and supporting audit technology selection and implementation
• Developing and delivering training plans
• Quality assurance reviews (IIA standards)
• Resource models
• Combined assurance
• Internal financial controls (SoX and the assessment, implementation and testing of internal financial control frameworks)
• Staff augmentation in respect of in-house functions
• Auditing of performance information/Auditing of predetermined objectives
• Performance audits/Value-for-money audits