01. Internal Audit and Assurance Services
Internal auditors deal with issues that are fundamentally important to the survival and prosperity of any organisation. Unlike external auditors, they look beyond financial risks and statements to consider wider issues such as the organisation's reputation, growth, its impact on the environment and the way it treats its employees.
In sum, internal auditors help organisations to succeed. We do this through a combination of assurance and consulting. The assurance part of our work involves telling managers and governors how well the systems and processes designed to keep the organisation on track are working. Then, we offer consulting help to improve those systems and processes where necessary.
- The Institute of Internal Auditors -
There are basically three types of Internal Audit (IA) structures that organisations can choose to adopt, In-house, co-sourced or out-sourced. Choosing which structure your organisation should adopt is important because the internal audit activity must have qualified, skilled and experienced people.
However, it is almost impossible to acquire all the required skill sets that an IA function would need, and the reason behind this is overheads.
Organisations around the world have embarked on adopting the Lean strategy. Head of Departments in organisations are being challenged to make their operations Lean and effective, and this is why getting the right skilled team member is important. This is where having a co-sourced approach is beneficial.
CAEs would be able to confidently undertake the all necessary IA engagements in the audit plan without fear of not being able to deliver quality value add reports because of simply not having the required knowledge pool in their department.
Shawneva Consulting offers the following services in order to assist you in setting up and getting the most from your Internal Audit function:
Co-sourced and Out-sourced Internal Audit engagements
Designing the Internal Audit Plan
Compliance Internal Audit
Anti-Money Laundering compliance audits (AML/CTF)
Lean Internal Audit
Assurance Map development
Development of an Internal Audit function
Developing policies and procedures
Advisory on the appropriate Internal Audit structure required
Assistance in recruitment of Internal Audit team
Request a Price Quote
We will first and foremost sit with you to discuss your goals with your internal audit function. Depending on the nature of your business, we will be able to advice you on the be Co-Sourced or Out-Sourced arrangements.
We also partner with many of the leading Subject Matter Experts and Audit Firms in Australia, which we will tap into to help you secure the best possible arrangements.
Most of our partners offer exclusive pricing packages for clients on our books, so you are assured the best skills and knowledge which comes with the best rates in town.