Internal audit

The internal audit function helps the organisation achieve its strategic goals and allows it to navigate the evolving risk landscape successfully. This gives the organisation and its stakeholders confidence in its human resources, processes, systems and data, making it possible to see risks, assess effectiveness, act faster, and make informed decisions.

PwC provides the internal audit function with various types of support tailored to meet the client’s needs.

Our services

Setting up an internal audit system
Partnership in performing your internal audit function
Evaluating your internal audit function
Preparing and assessing your strategic and annual plan for internal audit
Transforming your internal audit function
Strengthening staff competence and technological capacity
Assessing the maturity and quality of your audit function

Setting up an internal audit system

As the significance of internal audit grows and relevant requirements increase, organisations are increasingly looking for external support to secure audit effectiveness and added value. Our team offers customised solutions to perform the internal audit function in your organisation completely or partially, while cutting costs, improving the flexibility of resources, and providing an independent and objective assessment.

Our service offerings include:

Performing the internal audit function in your organisation completely or partially and tailoring our model of collaboration to your needs.

Partnership in performing your internal audit function

PwC will provide strategic planning support for your internal audit function, aligned with your overall goals, risk profile, mission and vision. This includes assistance during the annual planning stage, helping you conduct a risk assessment and draw up an annual plan to ensure your internal audit function is able to identify and focus on key risk areas.

Evaluating your internal audit function

To ensure your internal audit function provides maximum value and meets today’s business needs, PwC offers an independent and comprehensive assessment of your internal audit function. We will analyse your audit strategy, methodologies and processes, and make recommendations to improve efficiency and secure compliance. PwC can help organisations transform their internal audit function to secure compliance with international standards and industry best practice, including assessing your existing function, identifying areas for improvement, and devising a transformation plan.

Preparing and assessing your strategic and annual plan for internal audit

Transforming your internal audit function

PwC helps organisations transform and modernise their internal audit function to secure compliance with international standards and industry best practice. We provide comprehensive support that includes assessing your existing audit function, identifying areas for improvement, and devising a customised transformation plan. Our approach is based on increased effectiveness and added value, enhancing the ability of your internal audit to proactively manage risks, improve controls, and support the achievement of your strategic goals.

Strengthening staff competence and technological capacity

We offer comprehensive solutions to strengthen the competence and technological capacity of your internal audit team. We provide extensive training courses for internal audit professionals, with training materials tailored to meet each client’s special needs and with emphasis on key competences and skills that are necessary in today’s dynamic environment.

In addition to developing your staff competences, we will help improve the technological functionality of your internal audit, introducing modern and effective technologies that enhance the efficiency and accuracy of your audit processes. This includes automation, data analytics tools and other technological innovations.

Assessing the maturity and quality of your audit function

PwC offers specialist methodology to assess the internal audit function of any organisation for compliance with the International Standards for the Professional Practice of Internal Auditing. We will help you assess your function’s maturity and efficiency as well as the quality of work done to ensure your internal audit meets international standards and best practice.

Our assessment covers strategic and operational aspects of your function to identify areas for improvement and create more value for your organisation. As part of the approach developed by PwC, we provide a clear overview of your audit function’s strengths and areas for improvement, helping you achieve a higher level of maturity and effectiveness.