 Internal Audit
Strong internal audit can help organisations be more effective by ensuring a robust overall internal control framework and flagging areas where control needs to be strengthened. PKF’s internal audit is independent, risk based and designed to complement other available sources of assurance.
Whether a mandatory requirement or not, internal audit should be focused on helping organisations to perform better and in the most efficient way. We apply a strategic approach to internal audit, which is built upon gaining a thorough understanding of the risks that you face. We design our approach to target the areas of greatest risk and to integrate with other sources of assurance in order to maximise audit efficiency.
Our aim is to provide a focussed plan of work and the delivery of a rigorous, robust and challenging internal audit that supports you in achieving your objectives.
PKF provides:
- The credibility of a leading national firm;
- Consultative working;
- Strategic, risk based approach;
- Specialist and sector skills;
- Bespoke advice based on extensive experience of what works;
- The ability to service your requirements around the world; and
- An efficient approach that minimises your cost.
Services offered
OUTSOURCED INTERNAL AUDIT
Full outsourced risk based internal audit to:
International Internal Audit Standards
FSA Handbook
Government Internal Audit Standards
Hefce Code of Audit Practice
LSC Audit Code of Practice
PARTNERSHIP INTERNAL AUDIT
Support to in-house internal audit teams. These include:
Specialist one off reviews for example IT, HR, risk management or of suppliers
Top up on in-house resources to address shortfalls in capacity or perceived conflict of interest
Support in determining audit needs and how best to meet them
Ongoing co-sourcing arrangements
SUPPORT TO INTERNAL AUDIT
Evaluation of internal audit performance
Formal external reviews of internal audit as required by the IIA Standards
Advice on options for internal audit delivery
Audit needs assessment
Internal audit training.
For further information on PKF’s internal audit, please contact Richard Weighell on 020 7065 0397 or richard.weighell@uk.pkf.com
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