Internal audit

Along with its board, executive management and external auditors, a firm’s internal audit function is considered one of the four fundamental cornerstones of successful corporate governance.  A well resourced and suitably skilled internal audit operation provides an independent, objective assurance and consulting activity designed to add value and improve an organisation's performance. 

For many organisations, a co-sourcing or outsourcing arrangement is the most cost effective way of securing and maintaining a high quality internal audit operation. Our audit and assurance team specialises in providing internal audit services to the asset management and fund administration industry. We will work with you to ascertain how we can assist and tailor an action plan to meet your internal audit requirements, from individual audits or projects, to the provision of a fully resourced team to manage and execute your annual audit plan. Our service will ensure an improvement in operations through an enhancement of the overall control environment and includes:

• Providing assurance to the board/audit committee on the effectiveness of the systems of internal control/risk management and the adequacy of the internal audit function
• Providing a complete audit service including development, management, execution of the annual audit plan, reporting thereon, and follow up on remedial action
• Assisting with the planning and execution of individual audit projects and consultancy assignments
• Independent assurance over project programmes
• Assessing risk management, business continuity and corporate governance programmes
• External quality assessments of audit functions

For further information please contact Deborah Weston or David King in our London office.