To identify problems and propose corrective measures is the task of internal audit, which must closely cooperate with the management of a company.
IARCS provides strategic sourcing of internal audit; continuous auditing/monitoring; ER...
The establishment of an effective internal audit function is often hampered by a lack of experienced professionals with adequate technical knowledge and by incorrectly designed processes within the internal audit function. Additional barriers include insufficient cooperation with management, incorrectly defined requirements concerning the internal audit function, and communication constraints.
KPMG in Central and Eastern Europe's Internal Audit practice can help you overcome these issues and develop an internal audit function that will meet your needs whilst adding value.
1. Assessment of the internal audit function (KSPRint) entails:
Conducting an independent performance review of your company’s internal audit function, using our methodology KSPRint (KPMG Strategic Performance Review of Internal Audit)
Assessing the positioning, organizational integration, human resources and internal processes of your company’s internal audit function
Comparing the current state of the internal audit function with the industry’s best practice and proposing practical measures enabling you to close the gap between the current and desired performance of your internal audit.
2. Establishing/improving the internal audit function involves:
Helping you to design the framework of the internal audit function, tailored to the situation of your company and its risk profile
Supporting you in increasing internal audit efficiency by setting review indicators, unifying methodical approaches and modifying internal audit processes
Assisting you in selecting suitable candidates for the internal audit work, and helping with their training and further development.
3. Outsourcing and co-sourcing of internal audit Our professionals can:
Provide you with the full outsourcing or co-sourcing of internal audit services. During the implementation of internal audit projects you can rely on our advisors and utilize the support and knowledge base of an experienced external partner
Help you to raise the quality of your internal audit function through the combination of your internal auditors’ knowledge of the company and the independent perspective of our professionals
Help you to meet your capacity needs relating to unplanned audits
Offer you their professional experience in technically sophisticated areas such as IT/IS, financial risks or forensic services.
4. Major projects assurance entails:
Analysis of the project plan quality and project management arrangements prior to launch
Independent review of the fulfillment of contractual conditions by suppliers for individual project stages and/or for the completion stages
Assessment as to whether funds have been spent in line with the project plan and budget.
Potential benefits of our services