Internal Audit

The Internal Audit Solutions practice at PricewaterhouseCoopers can help you and your internal audit function keep up with the changing risks facing your business - including those associated with globalisation, entering new markets and acquisitions.

We can help you to alleviate many common problems with maintaining an effective internal audit function - such as failure to recruit and retain internal audit professionals in all of your key skill areas, difficulty in keeping your internal audit personnel trained in critical emerging technologies and systems, or inability to focus resources in the priority areas of risk to the performance of the business.

Our Internal Audit Solutions practice has extensive experience in providing a broad range of solutions to companies seeking to strengthen their internal control and risk management, assessment and monitoring.

These solutions range from strategic internal audit advisory services to partnership with or strategic outsourcing of an existing internal audit function. They also include evaluation and advice regarding corporate governance practices.

How PwC can help you

Maximising the value and effectiveness of the internal audit function requires an understanding of an organisation's objectives, risks, risk management priorities, control framework, regulatory environment, and the diverse needs of critical stakeholders. Ultimately, these needs determine the risk profile of the organisation and the strategic focus, organisation, resources and practices required of its internal audit department. We can assist organisations that need help improving the quality and effectiveness of their internal audit processes by:

• Advising and assisting in the development of internal audit and risk management strategies and methodologies, including assessing whether the internal audit function is delivering effectively to stakeholders

• Providing internal audit resourcing solutions, including full outsourcing or complementing in-house functions with specialist skills or geographical coverage

• Supporting internal audit functions with software to enhance and support their work.

We can also develop training for internal auditors using our extensive market and industry knowledge to create highly-tailored solutions.