Organisations and businesses rightly face intense scrutiny of their corporate governance. They must be able to demonstrate that their corporate responsibility and their approach to risk management are robust and transparent. These responsibilities are made more onerous by the changing regulatory environment and the fast evolving nature of the risks they face. Management teams and boards cannot afford to be reactive or allow risks to go unmonitored and unmitigated.
Internal Audit has always been one of the cornerstones of good governance and should play an important role your organisation’s governance processes. Internal Audit looks beyond financial risks and statements to the wider issues that help your business navigate through the potential minefield of risks to which it is exposed.
Internal Audit is key to the management and mitigation of risk. It provides assurance over your most fundamental internal controls, by helping to detect and prevent fraud, and by monitoring compliance with organisational policy, corporate governance codes, regulation and legislation.
How we can help you with Internal Audit
BDO's Internal Audit Service offering is designed to bring ideas and innovation to your management leadership teams and Board, helping to achieve business goals.
For large and small organisations alike, we design and operate tailored internal audit functions – from conducting a thorough assessment of risk across the organisation and reporting findings to management, the board, and other stakeholders to designing strategic internal audit programmes. We work with your management to identify issues, implement tailored solutions and put the most appropriate controls in place.
Regardless of your industry – or whether an internal audit department already exists – we create a framework individually suited to meet your organisation’s needs, working in partnership with you to create the right internal audit solution.
We take a Partner-led, hands-on approach. We take the time to understand your culture, your business and your strategic goals. We can also draw on the expertise of specialists in BDO’s international network of almost 9,000 people working in 167 countries. Our services include;