Public and corporate sector organisations are increasingly looking to an external provider to deliver their internal audit service. This growing trend eases the administrative and cost burden of running and managing an in-house team and ensures that organisations receive independent, up-to-date specialist advice that is tailored to their business and assurance needs and associated risk profile. Importantly this model also gives the organisation an ability to very quickly adjust the level and cost of their internal audit service to meet changing circumstances.
RSM Tenon is a major international provider of internal audit services, but we always tailor the services we deliver to the needs of each client. Whilst we ensure that the service we provide to our clients meets all relevant national and international professional standards and regulatory requirements, we design our work to complement the corporate culture of our clients and ensure that what we do is directed towards the areas of greatest business risk. Consequently the service that you receive will meet your particular needs and will be driven by an audit plan that is designed to add value and is clearly mapped to your risk profile.
Our internal audit work is planned and delivered using our leading edge risk based internal audit methodology, i-RIS. i-RIS is designed to be an integral part of your risk management and assurance cycle. Find out more about i-RIS
Our full outsourced internal audit service covers strategic and operational audit planning, the conduct of the internal audit work, reporting and the provision of an annual assurance statement. Designed to add value, our audit plans can include the following elements:
- High level Corporate Governance arrnagements
- Corporate Management systems and controls
- Operational systems and controls
- Management processes and controls
- Financial systems controls
- HR systems and controls
- Information management and technology
- Project Management and project assurance work
- Capital procurement (including PFI and PPP)
- Risk management
- Fraud risk / Fraud awareness
- Value for money studies & lean thinking
- Direct and indirect Taxation health checks
Why would you need it?
- You and/or your Board need (and value) professional advice and assurance on the adequacy of your risk, governance and control arrangements
- You are a public sector organisation which has a statutory or regulatory requirement to provide an internal audit function and are looking to outsource this work
- You work for a corporate sector organisation and have best practice and governance requirements to adhere to and need a professional internal audit team to provide assurance on key business areas
- You want to outsource the internal audit function for any of the following reasons: it is not seen as core business; organisation is too small to justify an in-house team; your organisation is unable to attract and retain suitably qualified internal auditors or you want to gain benefit from a leading edge methodology and wide experience of best practice