Unlocking the value of Internal Audit
Enhancing and sustaining business performance To reach their full potential, it is important that organizations balance their focus between compliance and business improvement. Our internal audit professionals help you assess how your company’s internal audit functions compare with leading practices and how these functions align with the current and future objectives of your audit committee, executive management, and operating units.
Our teams help you identify target areas for performance improvement and make recommendations to achieve a more effective and efficient function that is aligned with your company’s needs and expectations.
Our areas of focus include the following services:
- Internal audit co-sourcing/outsourcing — advice on the design and implementation of improvements to address deficiencies or gaps in processes and controls that have been identified as a result of an internal audit-monitor project or an internal audit risk assessment.
- Internal audit transformation — helps organizations understand the misalignments, challenges, and improvement opportunities within their internal audit function and helps them identify leading practices that can be implemented. This helps you achieve a more sustainable, efficient and effective internal audit function and improved risk mitigation.
Companies value the role Internal Audit plays. But they are looking for more.
Executives want Internal Audit to not only see what has gone before, but also what comes next. They want Internal Audit to provide insights into strategic initiatives, and to share ideas that improve business performance. And they want it now.
Internal Audit as strategic advisor
As a strategic advisor, Internal Audit can:
- Identify company-wide cost improvements
- Offer recommendations that improve business performance
- Provide key insights that focus on risk
How we can help
We have worked with thousands of companies to help their Internal Audit functions work better, smarter and faster.
60% of Fortune 100 companies using a third-party Internal Audit service have a relationship with
Ernst & Young.
Our team of professionals can help you:
- Assess your Internal Audit function and identify areas of improvement
- Identify opportunities to enhance the strategic value of Internal Audit
- Accelerate improvements through cosourcing
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