Internal
Audit Outsourcing
In today's environment, internal auditing is increasingly
important for both public and private companies. Establishing
and maintaining an effective department is a daunting
challenge many organizations struggle with. Rather than
establish an internal department, many organizations
choose outsourcing the solution. Outsourcing internal
audit allows management to hire fully dedicated internal
audit professionals, as they are needed, without the
day-to-day managerial requirements an internal department
would require.
Our internal audit consultants help
your company comply with complex legislation and bring
value-adding recommendations to improve your business.
Our process
We tailor our internal audit process to your company
and will include:
Disciplined upfront planning performed
by seasoned internal audit professionals, in conjunction
with the audit committee and management to ensure a
focused internal audit function is created
Understanding and documenting the key business risks
within the company
Developing an internal audit plan to understand and
assess the internal control effectiveness within the
specific area reviewed
Working with management to develop recommendations to
reduce business risk to an acceptable level
Using our knowledge to provide value throughout the
internal audit process, usually above what an internal
employee would offer
Establishing a defined management reporting process
regarding results, thereby eliminating internal resource
"diversions" that frequently occur
Communicating the current risks and issues from our
technical and industry specials for ongoing internal
audit consideration
Benefits
You will benefit from outsourcing your internal audit
function to RSM McGladrey by:
Receiving a cost effective,
disciplined, independent and objective internal audit
solution
Gaining access to industry and accounting professionals
when required, keeping management updated on new, emerging
accounting and operation risk areas
Maintaining third-party contractor service and control,
enabling management more time to focus on the business
operations
Raising the profile of the internal audit function throughout
the organization
Ensuring that the Board receives quality information
on the key business risks and effectively complying
with changing regulations and industry best practices
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