A new view on risk | KPMG | UK
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A new view on risk

A new view on risk

Learn how we supported our client to create a dynamic internal audit function ready for the changing future.

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Partner and Brexit Head of Internal Audit & Risk Compliance Services Lead

KPMG in the UK

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Stove burner

Multinational utility company

With a major business transformation underway, our client needed a dynamic internal audit (IA) function to keep the business safe through the journey. We are working as the function’s strategic advisor, developing their approach and capabilities to provide the leading-edge, value-adding support the business is looking for.

We are incorporating data analytics into the audit delivery model. Instead of depending on interviews and sample tests, the vision is for the function to use analytics to probe extensive data sets, identify and quantify risks more accurately and make better decisions about the scope and focus of planned audits. We also providing a global team with sector expertise to support audit delivery, sharing insights and experience to help upskill the client’s own IA teams.

The function is becoming a key agent in our client’s transformation, helping to manage emerging risks from new technologies and pinpointing opportunities for operational efficiencies. Internal audits are adding value for the business as never before.

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