INTERNAL AUDIT & CONTROL

STRATEGIC INTERNAL AUDIT

STRATEGIC INTERNAL AUDIT SOLUTIONS FOR A FAST PACED WORLD

EVERYDAY CHALLENGES

The current business environment is fast paced, constantly changing and increasingly regulated. Internal Audit departments require forward thinking, strategic internal audit solutions to address situations where:

  • Specialised industry, process and/or IT systems experience is needed to accelerate audits and leverage skilled temporary staff
  • Flexible management of resources and capacity constraints, linked to variable audit plans and demanding budget requirements, is needed
  • Innovative approaches, best practices and/or knowledge repositories are required
  • Audit requirements arise in remote locations that cannot easily be serviced in-house
  • Company stakeholders increasingly look to internal audit to provide additional assurance that the business is managing its risks adequately

 

THE ADEPT ADVISORY SOLUTION

Adept’s Internal Audit Strategic Sourcing solution aims to provide your organisation with internal audit infrastructure development, including enterprise risk analysis, entity risk assessment, audit program development, and/or internal audit program execution and reporting services.

These services are provided either on a co-source basis working directly with your existing internal audit team, or a fully outsourced model working independently on behalf of the Audit Committee.

Adept Advisory’s Information Technology (IT) Internal Audit and Digital Solutions mobilizes our team to support our clients’ Digital journey; including automation, robotics and artificial intelligence (AI).

OUR DELIVERABLES

Multiple deliverables exist including:

  • Audit plans linked to risk assessments; audit planning memos
  • Budgets and resourcing plans
  • Audit testing design (both qualitative and quantitative) and documentation
  • Audit reports
  • Management action plans

 

SUSTAINABLE BENEFITS FOR YOUR ORGANIZATION

Benefits of Internal Audit Strategic Sourcing include:

  • Advanced model risk governance and validation
  • Technical expertise; best practices/creative solutions
  • Broad multi-industry experience
  • Independence
  • Consistent quality and continuity of resources
  • Flexible staffing levels; gaps filled while recruiting staff
  • Reduced training and/or turnover cost
  • Improved efficiency and response time
  • Knowledge transfer to existing audit personnel
  • Complete objectivity or confidentiality
  • Proven leadership without recruiting costs
  • Reduced travel costs