Internal Audit Services Publications

• Internal Audit Solutions: Increasing your oversight to boost your performance

In a competitive and constantly changing economic, market and regulatory environment, companies are struggling to identify and manage the risks they face. However, maximising value and effectiveness are essential to thrive today. These new business challenges have led Board of Directors and Chief Executive Officers to search ways to upgrade risk management. Building a strategic Internal Audit function is the solution to take up this challenge. An increasing number of companies have recognised the benefits of working with a third party to support them in their needs.

• 2011 State of the internal audit profession survey

Our 2011 State of the Internal Audit Profession Study examines how internal audit is responding to this changing risk environment. Our results and interviews with leading internal audit professionals reveal three distinct areas of concern: strategic growth, emerging technologies, and increasing regulation. However, the survey data also shows a lack of confidence in internal audit’s ability to address these topics.

• UCITS IV Internal Audit: seize the opportunity to implement a tailored and value driven function

Article 12 of the CSSF regulation 10-4, transposing the European Directive 2010/43/EU of 1 July 2010, requires UCITS Management Companies to implement, applying a proportionality principle, a permanent and independent internal audit function. This Internal Audit function shall to be effective as from 1 July 2011.

• Internal Audit Services for Real Estate Flyer

In the present economic environment, there are a number of indicators showing that internal control should receive an increased focus; first a slow-down in business in the real estate sector, with a stabilisation of investment portfolios and development projects put on hold resulting in a greater focus on asset management and property management activities. Then, there is an incentive to trim costs and to ensure that activities are well under control in order to mitigate brand and reputation risk, as well as increased financial risks for landlords following tenant defaults and/or large incentives granted to tenants to extend their leases and finally we observe a need to strengthen investor confidence and trust.

• Maximizing Internal Audit

This paper outlines a proven approach to maximizing internal audit resources to illuminate these blind spots. Done right, internal audit can reposition itself as a key factor in an environment with a broad range of significant governance, strategic, financial and operational risk, and compliance issues.