The role of an organisation’s internal audit function is to provide independent assurance that the decisions made and activities planned are appropriate, in compliance with laws and regulations, and that the organisation’s resources are used prudently and efficiently. Establishing a functional and efficient internal audit function requires management’s time, effort and experience; therefore, more value may be derived from outsourcing the service. Outsourcing can be either full or partial (co-sourcing) empowering your internal audit team to seek support and advice from a more experienced third party team.
KPMG internal audit specialists have extensive experience in enhancing business processes and assessing risks both in the public and private sector. To help management understand strategic risks and identify cost reduction and profit improvement opportunities, we use KPMG’s proprietary internal audit methodology to analyse your organisation’s business strategies and related business processes.
Establishing and improving the internal audit function
Internal audit outsourcing and co-sourcing
Evaluation of the internal audit function (Quality Assurance Review)
Enterprise risk management and compliance