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Internal audit risk & compliance services

Internal audit risk & compliance services

Providing strategic sourcing of IA; continuous auditing/monitoring; ERM; governance and regulatory compliance.

IARCS provides strategic sourcing of internal audit; continuous auditing/monitoring; ER...

Faced with new market opportunities, ongoing economic challenges, increased pressure to improve risk management effectiveness, and unprecedented regulatory requirements, many organisations are recognising the need to transform their internal audit (IA) and risk management functions to turn these disruptive forces into opportunities.

As the business and regulatory environments keep evolving, organisations face emerging risks that challenge traditional strategies and assumptions. Resilience is the key to survival, and organisations need to achieve a balance of governance, risk-management, regulatory compliance, and performance.

Leading organisations acknowledge that meeting these new challenges can actually protect and enhance business value and drive operational efficiencies. They envision and implement a holistic model that adds value and deliver on the demands of regulators, the board of directors, and key stakeholders.

How we can help

KPMG in Bermuda’s Internal Audit Risk & Compliance Services (IARCS) deploys multidisciplinary teams of professionals – experienced in financial and operational internal auditing, IT, fraud analytics and risk assessment, shared services, finance management, treasury and financial instruments, and supply chain – to augment and enhance an organisation’s existing IA capabilities. 

We work with you make IA functions, enterprise risk management (ERM) programs, and risk and controls management more efficient and effective.

Hot button issues for business leaders include a range of complex matters:

  • Accounting standards
  • Contract compliance
  • Continuous auditing/monitoring
  • Corporate governance
  • Culture risk 
  • Cyber breach/crisis preparedness and response 
  • ERM  (structure, risk identification, monitoring, reporting, optimising)
  • General Data Protection Regulation (GDPR) 
  • Regulatory compliance, including SOX
  • Global sustainability/climate change
  • IA strategic sourcing (right resources, right place, right time)
  • Integrated assurance
  • Third-party relationships

The IA  function and risk and controls management are often at the forefront in dealing with these matters. How well they are operating can have a major influence on corporate performance and business outcomes.

Our IARCS practice works with internal audit directors and audit committees to develop a quality IA function that delivers strategic business assurance, identifies business opportunities, and enhances organisational value. Our services include:

  • Evaluating IA functions, and providing co-sourcing and outsourcing services
  • Deploying continuous auditing/monitoring techniques
  • Designing, executing, and advising on the use of ERM
  • Driving Sarbanes-Oxley and equivalent regulations compliance
  • Rationalising monitoring functions and governance practices
  • Enhancing recoveries and compliance with contracts
  • Advising on social responsibility and climate change reporting

We are a trusted adviser to many of the world's leading organisations pr, and we aim to deliver a consistent, cost-effective, and high-quality set of services based on:

  • A network of over 7,500 financial and operational internal and IT auditors across the globe
  • IA practices in over 50 countries
  • Subject matter professionals teaming with IAs to enhance value experience in CA/CM, ERM, GRC, and broader risk and controls management
  • Access to the resources of one of the world's leading professional advisory networks

KPMG member firms are located in key financial and commercial centres, and developed markets. We also have a dynamic presence in the emerging economies of Central and Eastern Europe, Russia, Latin America, India, China and elsewhere in Asia. These resources offer our clients a rich supply of information, contacts, and business opportunities.

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