Outsourcing Internal Audit InConsult provides an indepth, targeted and value for money service
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 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.
An independent External Quality Assessment of our internal audit services in 2020 by the Institute of Internal Auditors Australia (IIAA) resulted in InConsult achieving the highest rating possible – “Generally Conforms”.
Our clients can be reassured that our internal audit approach and methodology is second to none.
If your internal audit department needs additional resources during peak periods, an interim internal auditor or access to specialist audit skills, our co-sourced internal audit service is ideal.
Provides you with an audit executive and a team of experienced staff with a mix of skills to meet your specific audit needs and budget.
We help identify the audit universe and select and prioritise higher risk areas to ensure a risk based audit approach that adds value.
Helps to better understand processes, risks and internal controls.
Expert advice to help ensure the highest standards of procurement practice and to meet legislative
An independent assessment of an organisation’s governance framework using industry best practice and Australian Standards AS 8000 to AS 8004 as guides.
Read our case study to see the benefits of Internal Audit & Assurance in practice.
Internal Audit adds value by objectively evaluating and making recommendations in respect to the internal control environment. This is the traditional ‘third line’ view of
Unless you have worked in local government, it is hard to really appreciate the complexities of many of the business processes and the wide range