Strategic Performance Review of Internal Audit Function | KPMG | TR

Strategic Performance Review of Internal Audit Function

Strategic Performance Review of Internal Audit Function

K’SPRint is a dagnostic methodology to assess and increase the strategic value of internal audit functions

K’SPrint helps to asset and increase the strategic value of internal audit function

Demands on internal audit departments have never  been greater. Risk management and internal controls under increased  scrutiny by regulators and stakeholders. In addition to expanding their scope and skills to incorporate a risk based approach, internal auditors are often called upon to develop a consolidated view of risk within the organization; align people, processes, controls and systems with business strategy. They are also asked to help mitigate emerging risks against an ever-changing business model.KPMG’S Strategic Performance Review for Internal Audit (K’SPRint ) is a diagnostic methodology that helps public, private and non-profit organizations accurately assess and increase the strategic value of their internal audit functions. The methodology helps management and the audit committee assess how well internal audit is positioned within the organization and provides a basis for redesigning or improving the function.

Value Propositions

  • Provide reports during a merger or acquisition,
  • Review comparative practices,
  • Assess the internal audit functions' value to the business,
  • Articulate stakeholder expectations,
  • Acclimate a new department head or audit committee chairman or provide them insight into the performance of internal audit,
  • Increase credibility,
  • Provide specific corrective action plan issues identified.

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Head of Internal Audit, Risk and Compliance Services