Internal Audit Sourcing | KPMG | CA

Internal Audit Sourcing

Internal Audit Sourcing

Co-sourcing or outsourcing internal audit work can reduce costs, free up capital, and enhance your ability to focus on what you do best.

We can help reduce costs and free up capital.

Achieving leading internal audit (IA) capabilities requires significant investment in skilled resources, methods, training, career paths, and technical infrastructure. Maintaining those capabilities requires sustained investment during both good and challenging economic times. As both a critical business operation and a function often perceived as a cost center, IA can be a prime candidate for strategic sourcing.

KPMG's Internal Audit Methodology (IAM) is the firm's global approach to providing internal audit outsourcing and co-sourcing services. It is a risk-based approach that focuses on clients' objectives and impediments to achieving those objectives. Sourcing the IA function takes on a variety of forms, each presenting its own degree of "ownership" and mix of fixed and variable costs.

KPMG's Internal Audit services can help organizations manage internal audit activity and costs:

  • Improved flexibility and agility to respond to Audit Committee requests for special and ad-hoc audits and investigations by leveraging a global team of resources during peak cycles; provide the scalability and flexibility to adapt to ever-changing and emerging risks
  • Access to specialized skills with various skillsets and industry experiences without adding headcount. KPMG can provide access to professionals who can provide additional value in the audit process through their technical skills (IT, forensic, treasury, risk management, procurement, etc.) and industry knowledge
  • Quicker turnaround by adding global resources working on different time zones thereby improving turnaround time for audits
  • Increased leverage with the ability to access a team of specialized resources with experience in internal audit, risk and compliance management to meet growing regulatory compliance needs
  • Manage internal audit costs by providing access to professionals on an "as needed" basis - the company is therefore not required to bear the fully loaded annual payroll costs

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