INTERNAL AUDIT

Maximising the value and effectiveness of the internal audit function requires an understanding of an organization’s objectives, risks, risk management priorities, regulatory environment, and the diverse needs of critical stakeholders including executive management, the board, audit committees, employees, and shareholders. Ultimately, these needs determine the risk profile of the organization and the strategic focus of the organization, resources and practices required of its internal audit department.

How MMR & Co can help

• You’re concerned that your internal audit function can’t keep up with the changing risks facing your business.
• You find it difficult to recruit and retain internal audit professionals in all of your key skill areas.
• You need to supplement your in-house internal audit function with specialist skills.
• Your internal audit function has insufficient resources to cover the geographic scope of your organization.
• Your organization considers internal audit to be a non-core activity so you want to find an external provider.
• You need to assess the effectiveness of your risk management, internal audit, and corporate governance procedures.