Internal audit and risk

Overview

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

PwC's internal audit and risk specialists help organisations 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 add value

Risk assessment and risk management
Risk function effectiveness
Benchmarking internal audit performance
Advising organisations on optimum resourcing models
Providing co-sourcing/outsourcing services
Improving the quality, productivity and value of in-house internal audit and risk 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 (assessment, implementation and testing of internal financial control frameworks)
Staff augmentation in respect of in-house functions