Co-sourcing or outsourcing internal audit work can reduce costs, free up capital and enhance your ability to focus on what you do best. It can also provide you with the ability to tap into specific skill sets, industry knowledge and global resources on an ‘as needed’ basis.
With organisations being driven to do more with less, the internal audit function has become a prime candidate for strategic sourcing. This can include outsourcing the entire function or just certain critical elements.
Our Internal Audit Department focuses not only on the financial risks your organisation may face, but also on your strategic, operational and governance risks.
Our approach is consistent with the Chartered Institute of Internal Auditors professional standards. We use only appropriately experienced and qualified staff on all our appointments.
The internal Audit department provides a wide range of assurance and risk management services including:
- a fully out-sourced internal audit function;
- a comprehensive suite of computer audit services tailored to your individual needs;
- risk management advice and training; and
- corporate governance guidance and reviews.
At CCWA, we believe that we are at the forefront of revolutionising the methodology for delivering Internal Audit Services. An important feature of our audit approach is the use of audit automation software (“Galileo”). We utilise Galileo to manage audit work in a secure online environment which greatly enhances the efficiency of our audit approach.
Galileo has the capability to record each accepted internal audit recommendation together with the ownership and projected time frame for implementation. We can provide secure internet access to your senior staff to enable them to confirm which recommendations have been implemented or, if necessary, record reasons for delays. Automated “alerts” are available to notify users when target dates for the implementation of recommendations are approaching.