KPMG Powered Enterprise Internal Audit

With organizations being driven to do more with less, the internal audit function has become a prime candidate for meaningful transformation and strategic sourcing. Internal audit should aim to be more dynamic, data-driven and technology-enabled as it delivers enhanced assurance, risk insights and business improvement.

Powered Internal Audit is positioned to help internal audit teams answer important questions, such as:

• How can I adapt the function to rapidly changing technology and digital acceleration?
• How can I adapt to shifting regulations and social expectations?
• How can I help retain — and attract — talent by implementing new ways of working?
• How can I better manage emerging risks?
• How can I add value amid budgetary pressures and changing operating models?
  

Powered Internal Audit provides businesses with a pre-configured starting point to jump-start their internal audit functions. Achieving the future of internal audit capabilities requires a significant level of investment in skilled resources, methods, training and technical infrastructure.

With technical skills, regulatory knowledge and business acumen — all empowered by data and technology — KPMG firms can help organizations accelerate internal audit transformation.

Powered internal Audit's capabilities include:

• Internal audit approach and governance
• Manage human capital/talent
• Perform risk assessment
• Individual project initiation
• Integrate a risk-based approach into internal audit planning
• Organizational reporting
• Consulting mindset that transitions thinking from problem finders to problem solvers
• Enhance organizational value
• Project reporting
• Individual project execution
• Manage issues and actions

KPMG professionals want to help you move your internal audit function from a problem finder to a problem solver with Powered Internal Audit. With an evolved internal audit function, organizations can develop an agenda to deal with disruption:

• Stakeholder engagement and trust: Internal audit knows its top stakeholders and takes the time to foster a relationship of trust.
• Digital acceleration: Leverage technology with organizational goals in mind and use it to enable program and project-level work.
• Data, analytics and insights: Enterprise data is available and used, and new data is curated by internal audit to provide insights and assurance.
• Strategy and value management: An internal audit strategy considers a mix of enhanced assurance, risk insights and business improvements attuned to stakeholder needs.
• New ways of working: Where services are delivered, competencies and the way audit teams want to work has to be revisited to help retain the right talent.
• Operating model agility: Activities are responsive to disruption, flex with the business strategy and coordinate with other lines of defense.
  

KPMG Powered Enterprise Internal Audit Finance is enabled by market leading platforms, including ServiceNow

Powered Enterprise provides you with three integrated elements for transformational success. Using our tried and tested operating model, implementation suite of tools and ongoing evolution services you can choose your desired functional outcomes then make them a reality.