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Redefining internal audit

Redefining internal audit

Redefining internal audit in local government.

tim cutler

Partner, Audit and Assurance

KPMG in the UK


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“The case for excellent internal audit is never stronger than during a period of financial austerity”, Tim Cutler, Audit and Assurance Partner, KPMG in the UK.

Internal audit represents one of the key sources of assurance for local authorities throughout the country. Alongside external audit and other sources of assurance, internal audit provides management with an assessment of the effectiveness of governance and control arrangements. It’s this internal audit which enables them to make informed decisions and develop action plans to deliver improvements where necessary.

Holding a number of interviews with finance directors and heads of internal audit, this report highlights areas where there is potential to redesign delivery models in order to increase the value internal audit providers can add to their clients.

Key themes emerging from this report include

  • Ensuring internal audit work is targeted sufficiently at the areas of greatest risk and assurance need; and is appropriately co-ordinated with other assurance mechanisms.
  • Developing auditing techniques and staff skills that provide value to management and members. These techniques can maximise efficiency and go beyond the traditional sample testing. It will allow organisations to work in a more intelligent, informed and risk-averse manner.
  • Ensuring that internal auditors accurately assess and understand their own performance and the way they are perceived by their clients.

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