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Outsourcing Internal Audit InConsult provides an indepth, targeted and value for money service
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If you want confidence that your organisation is meeting its strategic and core business objectives, you need a solid internal audit function.
Internal audit is an integral part of good governance and assurance. Internal audit aims to help organisations achieve their objectives and thereby enhance and protect value.
Internal auditors work with management to systematically review systems and operations. Internal auditors act as objective consultants, advising you on how to improve processes, especially those concerning risk management, governance, fraud and internal controls in general.
In some industry sectors, internal audit is mandated whilst in other sectors, it is strongly recommended.
Today, stakeholders demand more than the traditional ‘tick and bash’ internal audit and assurance function, they demand an internal audit function that:
An effective internal audit function can deliver many benefits to your organisation:
Internal audit is a key element of proactive, forward-thinking organisations that aim for continuous process improvement while seeking to manage and reduce risk.
As professional internal auditors, we believe that internal audit activities should always provide value for money and contribute to better business practice and performance.
There is no one size-fits-all solution as the needs of every organisation are not always the same. That is why InConsult offers a choice for different organisations, in different sectors and different sizes.
InConsult offers a comprehensive suite of internal audit, assurance and advisory services designed to help organisations strengthen governance, improve operational performance and manage risk more effectively.
Our services are flexible and tailored, allowing clients to select the level of support they need, from fully outsourced internal audit to co-sourcing and on-demand assistance.
Whether an organisation requires a complete internal audit function, additional specialist capability or short targeted reviews, InConsult provides practical, cost-effective and high-quality assurance solutions.
InConsult delivers tailored Outsourced Internal Audit services where we assume full responsibility for the internal audit function, including development of the annual risk-based audit plan, execution of audits, and reporting to the Audit and Risk Committee.
For organisations that already have established internal audit teams, we provide a Co-sourced arrangement that complements your existing resources with specialist expertise in areas such as IT, cyber, ESG, data analytics and complex operational reviews.
Do you have a priority audit area that needs an immediate review? We offer a flexible on-demand, engagement model for organisations seeking a one-off, flexible, short-term internal audit or assurance support without the need for a full internal audit program or commitment.
Strategic Internal Audit Planning ensures internal audit activities are aligned with your organisation’s objectives and key risks. By assessing strategic priorities, emerging risks and stakeholder expectations, we develop a targeted, risk-based audit plan that delivers meaningful assurance and supports stronger governance.
Assurance Mapping provides a clear view of all assurance activities across your organisation. By identifying controls and who provides assurance over which risks, we highlight gaps, overlaps and opportunities to improve efficiency. This helps organisations strengthen their combined assurance approach and ensure critical risks receive appropriate coverage.
Process Mapping visually documents how key processes operate, highlighting steps, responsibilities and control points. It enables organisations to understand their processes clearly, identify inefficiencies and control gaps, and support improvements in performance, compliance and governance.
We help equips small and emerging teams with the essential frameworks, tools and training needed to meet the International Standards for the Professional Practice of Internal Auditing. The result is a credible, professional internal audit function where the Audit Committee is better equipped to fulfil its responsibilities and demonstrate strong governance to stakeholders.
Our Internal Audit Quality Assurance Review evaluates the effectiveness, efficiency and conformance of the internal audit function with professional standards. By independently assessing methodology, reporting quality and performance, we provide practical recommendations that enhance internal audit capability, credibility and value to the organisation.
An Audit Committee Performance Review examines how well the committee fulfils its governance, oversight and compliance responsibilities. Through independent assessment of structure, processes, skills and effectiveness, we identify strengths and improvement opportunities to support a more effective, high-performing audit and risk oversight function.
InConsult is committed to meeting the mandatory guidance and recommended guidance of the International Standards for the International Professional Practices Framework (IPPF) of Internal Audit and demonstrating quality and continuous improvement.
We are proud to have successfully passed an independent External Quality Assessment of our internal audit services conducted by the Institute of Internal Auditors Australia (IIAA). InConsult achieved the highest rating possible – “Generally Conforms”.
This independent review confirms that our internal audit methodologies, practices and deliverables fully conform with the International Standards for the Professional Practice of Internal Auditing.
For our clients, this provides confidence that Inconsult applies globally recognised best practices, delivers high-quality assurance, and operates with the professionalism, independence and technical expertise expected of a leading internal audit service provider.
Internal audit needs vary across industries, and each sector faces its own unique regulatory, operational and governance challenges. InConsult understands these differences and tailors its internal audit approach to deliver relevant, practical and high-value assurance. Our deep sector experience ensures that every audit is aligned to the environment our clients operate in and addresses the risks that matter most.
Insurers operate in a very complex, highly regulated environment with heightened expectations for governance, risk management and financial resilience.
We understand the pressures created by current and new APRA prudential standards, reporting, capital management requirements and increasing cyber and operational risks.
InConsult’s internal audit services help insurers strengthen their control environment, improve oversight of key risk areas, and maintain compliance across underwriting, claims, investments, distribution and technology.
Our 30 years of deep sector knowledge ensures internal audits are practical, risk-focused and aligned with evolving regulatory demands.
ASX-listed companies, high growth brands and large corporates must manage complex risk environments, high stakeholder expectations and stringent governance obligations.
We understand the demands of board oversight, risk culture, financial reporting integrity, cybersecurity threats and compliance with regulatory and ASX Corporate Governance Principles.
InConsult delivers internal audit services that provide robust, independent assurance over critical risks while supporting innovation and high risk decision-making.
Our risk-based approach helps large organisations enhance control effectiveness, protect corporate reputation and deliver greater confidence to boards, shareholders and regulators.
Local and state government agencies face unique challenges balancing compliance, transparency, service delivery and public accountability.
We understand the importance of strong governance, value-for-money, effective program management and adherence to policy and legislative obligations.
InConsult delivers internal audit services that support integrity, efficiency and continuous improvement across government operations.
Our experience across local, state and federal agencies ensures our audits are grounded in public sector expectations, leading to meaningful insights that enhance performance and strengthen trust in public administration.
As a prequalified local government, NSW government and federal government supplier, InConsult is trusted to deliver high-quality internal audit and assurance services that meet public sector standards, regulatory expectations and accountability requirements.
Not-for-profit organisations operate in resource-constrained environments, often balancing mission-driven goals with increasing regulatory scrutiny and expectations from donors, boards and regulators.
We understand the challenges around governance, financial management, safeguarding, service delivery and volunteer-driven operations.
InConsult provides internal audit services that are practical, proportionate and focused on strengthening controls without adding unnecessary burden.
Our approach helps not-for-profits improve accountability, manage risk effectively and demonstrate strong stewardship of funds and community trust.
Dane is an Internal Audit Manager with over 15 years’ experience in completing and managing internal audits, organisational risk management, internal control design and evaluation.
Waresa is highly analytical auditor with extensive experience in financial and information security audit, leveraging technology such as Power BI to better represent audit data. Waresa pushes the needle on innovative ways to better communicate findings.
Cameron is a highly capable risk professional with over 20 years of experience working with international organisations delivering risk, resilience and regulatory compliance services.
Explore our client case studies to see how our practical, independent assurance services helps improve the control environment.
Outsourcing Internal Audit InConsult provides an indepth, targeted and value for money service
InConsult’s Internal Audit service “embraced by all levels of management”
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