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.
Focusing on the right risks
Rethinking Internal Audit
Most of Internal Audit resources are focused on financial controls. To contribute to shareholder value and change the Internal Audit (IA) approach, PwC has developed a specific model.
We aim to promote your business objectives and key-considerations from the perspective of the stakeholders. We map the value drivers to help position your business for a longterm success.
Attributes of excellence
Focus on critical risks and issues
Match talent model to the value proposition
Leverage technology efficiently
Enable a client service culture
Deliver cost-effective services
Engage and manage stakeholder relationships
Promote quality improvement and innovation
Align value proposition with stakeholders' expectations
Together we make a difference
Our mission is to contribute strategically to your performance, help you improve your Internal Audit function. Our services include creating, improving, upgrading, or replacing the Internal Audit function. To serve you best, PwC applies a "Hub and Spokes" model, shown below. We deploy deep subject matter specialists to support you in particular areas when required.