Why internal audit?
It gives management and the audit committee independent assurance on risk management, compliance and the effectiveness of processes.
Start with the risks
A risk map identifies the most exposed processes: sales, purchasing, inventory, treasury, payroll, information systems. It guides the audit programme.
A realistic annual programme
A few well-run engagements are worth more than an over-ambitious programme. Each engagement ends with prioritised recommendations and follow-up.
In-house, outsourced or mixed
Not every company needs a full-time internal audit team. Outsourcing or co-sourcing provide access to expertise without adding to the structure.
This guide gives general pointers. For your situation, talk to our experts.
