KPMG’s Internal Audit Methodology (IAM) is KPMG’s global approach to providing internal audit outsourcing and co-sourcing services. It is a risk-based approach that focuses on our clients’ objectives and impediments to achieving those objectives. IAM has been developed for consistent execution in every internal audit practice around the world. The process is scalable and is underpinned by our risk assessment methodology. Solutions offered through IAM include:
Click here to view image
Is your Internal Audit Function (IAF) adding value to the business and delivering the value you expect?
Today, Boards and CEOs are looking at their IAF as a key strategic tool and expecting more out of IA. In a joint survey by KPMG’s Audit Committee Institute (ACI) with the National Association of Corporate Directors (NACD) in the United States, it was found that only 46 percent of audit committee members were very satisfied with their company’s IAF.
Audit committees and CEOs today are interested in knowing how they can position their IAFs to add value to the business that goes beyond regulatory compliance and assurance on internal controls. IA is also expected to lead the way in linking risk monitoring, compliance activities, continuing regulatory changes and the C – level agenda.
How we can help?
Internal audit functions that provide the greatest value to the CEO are those with a clear understanding of the value they can offer and have a vision to enhance that value. KPMG’s Strategic Performance Review for Internal Audit (K’S Print) goes beyond the traditional quality assurance compliance review to identify high impact improvement opportunities.
K’SPRint’s interactive approach and intuitive framework can help you answer these critical questions.