Internal Audit Services

In dynamic times, how do you get the most out of your Internal Audit Function?

Do you understand all risks, and can you control them?

How do you know if your operations are running as they should? Do you understand the risks that are relevant to achieving your objectives, and are you in control of them? How do you know whether you comply with all the legislation and regulations? The answers to these questions fall within the domain of the Internal Audit Function. Legislation and regulations (both national and international) are constantly changing, technological developments are moving at breakneck speed, and markets are changing, so that business operations and risks are constantly changing too. This imposes high demands on the quality, effectiveness, and adaptability of your Internal Audit Function.

Your organisation is constantly evolving, and the same applies to the Internal Audit Function

Whether you are responsible for the Internal Audit Function, a director, or a member of a supervisory body, you need to be sure that you are in control of the risks that may prevent achieving the strategic and organisational objectives. The Internal Audit Function must therefore have sufficient knowledge and expertise. Especially in a constantly evolving organisation and environment, it must operate at the highest level and must therefore continuously adapt and improve. The added value of that function lies not only in providing assurance but also in proactively advising on improvements in your organisation’s governance, risk management, and internal control.

We strengthen or take care of your Internal Audit Function

The Internal Audit Function has a special place in the governance of an organisation. Alongside the management and the functional organisations (such as Finance, Risk & Control), it forms the ‘third line of defence’ within the organisation. CEOs and other directors, audit committees, and other supervisory bodies rely on the findings of the Internal Audit Function in determining whether the organisation is in control. We can help you improve and strengthen that function. We can also make things easier for you by organising some or all of your Internal Audit Function and taking care of it for you.

We combine our internal audit expertise with knowledge of the sector and the profession

PwC invests in the latest trends and developments in the field of internal auditing, so that you don’t need to do so. Moreover, in today’s dynamic world, it’s virtually impossible for organisations to have sufficient expertise in all fields. Within our worldwide network, we have access to both sector and profession specialists, for example in the fields of cybersecurity, privacy, IT, and fraud prevention. We will be happy to share our knowledge with you. We have the flexibility to scale up to your needs, we provide continuity and make, where needed, improvements and adjustments to your Internal Audit Function.

How can we help you?

Are you responsible for internal auditing?

The world of internal auditing is becoming increasingly complex. Outsourcing, constant pressure on cost control, the impact of IT, striving for efficiency, finding and retaining top talent, and changing legislation – all these issues are putting pressure on the organisation – which must remain in control. Talented people with up-to-the-minute knowhow about information security, IT, compliance, and risk management are few and far between. Meanwhile, the importance of a good Internal Audit Function continues to increase. Our auditors and advisors can support you in your work, but we can also carry out work for you on the basis of a co-sourcing model.

We can help you with:

  • analysing and optimising your Internal Audit Function;
  • implementing your annual audit plan (operational, IT, and financial audits);
  • carrying out audits (through competency sourcing) which require specific knowledge that is not available internally;
  • IT security, business continuity planning, and (IT) project reviews;
  • optimising the internal audit through process mining, data mining, and data analysis;
  • advising on and applying technology to streamline the internal audit process.

Are you a CEO or a CFO?

As a CEO or CFO, you are responsible for the organisation and you have to ensure that you manage all the risks. The first task of the Internal Audit Function is to guarantee that your organisation has a high-quality risk and control system. That way, you can lay a solid foundation for achieving your goals, so that you can focus on creating value in the future.

We can help you:

  • set up, implement, and optimise an internal control framework;
  • evaluate the Internal Audit Function on the basis of core competencies;
  • define, assess, and implement an Internal Audit Function that really contributes to achieving the organisation’s objectives;
  • carry out quality assurance reviews that go beyond assessing compliance with the IIA Standards and that make a real contribution to creating value;
  • provide assurance by means of special instructions from the Executive Board or Audit Committee;
  • carry out SoX compliance audits.

Are you a member of an Audit Committee or supervisory body?

As a member of an audit committee or other supervisory body, you rely on the findings of the Internal Audit Function regarding the design and operation of your organisation’s system of governance, risk, and compliance (the GRC system). However, the value of that function also lies in making recommendations to improve the quality of the systems even further and to balance the risks and measures even better. Providing certainty about the risk management system is the starting point; creating value is then the logical next step.

We can help you:

  • define and implement an Internal Audit Function that really contributes to achieving the organisation’s objectives;
  • take care of your entire Internal Audit Function, by means of outsourcing, for extra independence and flexibility;
  • set up, implement, and optimise an internal control framework;
  • assess and develop governance models to help you understand risks and how they can be managed.

Are you responsible for governance, risk, and compliance?

Your responsibility means that you are directly involved in issues in the field of governance, risk management, and compliance. In that context, it’s important that the various ‘lines of defence’ work together as effectively as possible to ensure that the internal risk management and control systems function properly.

We can help you:

  • set up and optimise the internal governance and the three ‘lines of defence’ within your organisation;
  • set up an effective risk management function and carry out risk assessments;
  • set up, implement, and optimise an internal control framework
  • define and set up a compliance function.

Contact us

Jan Driessen

Jan Driessen

Partner, PwC Netherlands

Tel: +31 (0)65 129 15 30

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