In well-managed organisations, internal audit plays a vital role in overseeing the effectiveness of enterprise risk management, internal control systems and corporate governance processes. Internal audit allows companies to strengthen and augment these vital internal functions.
Given the strong demand for suitably skilled and experienced internal auditors, most organisations find it difficult to sustain their own full-strength internal audit function and associated technical infrastructure.
This is where KPMG is helping many leading companies, institutional organisations and government authorities in Jersey, Guernsey and the Isle of Man.
How can we help?
KPMG’s Internal Audit Services group offers practical assistance in remedying internal audit deficiencies and skill gaps in a number of areas:
Outsourcing
We can undertake an organisation’s entire internal audit function at the direction of the board audit committee and/or senior management.
Co-sourcing
Peace of mind that payroll is processed on time should a payroll executive become unexpectedly unavailable.
Professional resourcing
We can provide appropriately skilled and experienced audit professionals to operate under the direction of an organisation’s established internal audit function, on either a one-off or continuous basis.
Business process analysis
We can analyse relevant financial and operational controls and processes, typically at the direction of the CEO, CFO or other ‘C-suite’ executives.
KPMG conducts strategic performance reviews of internal audit functions, advising on performance and costs and highlighting resource gaps. We help align internal audit’s objectives with the business’s key processes – taking account of relevant risk management, compliance and performance considerations.
