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In an ever-changing risk landscape, internal audit is no longer about ticking boxes. In today’s dynamic environment, Internal Audit plays a key part in helping your organisation achieve its strategic business objectives within the risk settings you desire.
PwC Internal Audit services brings the full range of the specialty skills and industry experience to bear to give our clients the confidence and insights they need as they execute. The systems, capabilities and collective knowledge we deploy, can deliver sharp and objective insights and high value to our clients.
Our services
- Co-sourcing
- Outsourcing
- Training
- Advisory
- External Quality Assessment
Co-sourcing
Where an organisation’s spend on internal audit is significant, the best model is often one with one or two partner organisations to provide technology, specialists and scalable capacity. Often referred to as co-sourcing, we bring a wide range of support to Chief Audit Executives. Through this relationship we provide access to technology and data solutions, deep industry experience and comparators, and the full range of PwC’s capabilities, as and when our clients need. There are a wide variety of service configurations available, depending on your needs. What is common is a core team at the centre of your relationship.
Outsourcing
For some organisations, the best way to have a full scope internal audit function within their budget envelope that can draw on a wide range of skills required to review different areas and risks, is to utilise our full managed service. Through this we bring the full power of PwC’s technologies and specialists in a well managed package led by core team.
Training
Training of your internal audit function:
- PwC will train your Internal Audit teams on various topics ranging from methodology to technical areas;
- You will benefit from a wide range of profiles to provided you with the best training solutions tailored to your needs.
Discover the selection of training topics for internal auditor audience
Advisory
Supporting your internal audit function
Every successful business is supported by an effective and valued Internal Audit function. We can help by providing an impartial perspective which can be invaluable in helping you establish what good Internal Audit looks like for your organisation. A broad overview of the profession and market place and deep subject matter and industry experience can help shape or enhance your Internal Audit function.
External Quality Assessment
As required by the Internal Audit Standard 1312 (External Assessments), an external quality assessment ("EQA") must be conducted at least every five years. This assessment aims at assessing the adherence of your internal audit function to the International Professional Practices Framework (IPPF). This framework and our work encompass the Code of Ethics, the Core Principles, the Definition of Internal Audit, and the International Standards for the Professional Practice of Internal Auditing (the IIA Standards). With a wide experience in this exercise, selecting PwC as your external assessor is going to bring high value to your internal audit function.
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