Internal Audit

Setting up an internal audit function is part of good governance. Organisations rely on internal audit for independent assurance over their activities.

An internal audit provides a health check of your processes and assesses whether the controls in place are working effectively. A risk assessment helps identify the key risks within the organisation. Our approach is aligned with the standards of the Institute of Internal Auditors (IIA) and adopts the COSO framework.

We also undertake co-sourced internal audit engagements. A detailed review gives insight into the improvements needed in the design of processes, functions and departments. In addition, we assess the integration between departments and the effectiveness of the information technology used in each process.

Our experience covers industries such as:

• Oil and gas
• Construction
• Trading
• Information technology
• Service industries such as shipping and airlines