Internal Audit

Co-sourcing is an essential part of what makes many internal audit functions successful, providing access to a wide variety of skills, subject matter expertise and specialist insights. These are increasingly necessary in providing your stakeholders with assurance over the risks that matter. Yet many in-house teams find those skills challenging to acquire. Co-sourcing can also support you in developing your staff’s potential and providing the skills and experience few in-house functions can maintain on their own.

To meet your needs, we at PwC Mauritius invest in operational capabilities to enable timely recruitment, upskilling and mobilization of resources. We deploy PwC resources to your teams with skills ranging from analysts to project managers.

Audit committees and executive management are becoming more demanding when it comes to fulfilling corporate governance responsibilities. Internal audit functions must, therefore, operate at the highest levels of quality and commit to continuous evaluation and improvement. As required by the Institute of Internal Auditors (IIA), the quality of your internal audit function must be assessed by an external party every five years.

An internal audit function quality review requires time and money; an investment on which a considerable return is expected. The IIA’s International Professional Practices Framework (IPPF) will provide an opinion on your internal audit function’s conformance and a road map to further improve the quality of the internal audit function. 

Our reviewers are fully qualified to perform external quality assessments. Moreover, we can provide you with leading edge insights, based on experience gained in comparable industries. Through the PwC network, you will benefit from sector specialists from all over the globe. We will bring all these experiences to you and provide you with actionable insights to further improve the quality and functioning of your internal audit function.

There is a large demand today for internal audit related training as the profession is undergoing significant change. Our internal audit specialists will produce customised courses for your entire internal audit department and providing internal audit related training and insights to Chief Audit Executives (CAEs) on current internal audit trends and topics.