Expecting more from Internal Audit
Internal audit is an independent assurance function designed to evaluate and improve the effectiveness of a business’ operations, risk management and internal controls.
The PwC Internal Audit team delivers insight and quality in equal measure and to the highest standard, helping you build the confidence to move faster and act decisively.
We tailor our solutions to match the individual business needs of our clients. We help you look deeper and see further to help you improve and embed control. In short, we make sure every hour we spend working with you is impactful, addresses the right risks and seeks to add maximum value to your organisation.
How can PwC help you?
An outsourced team, aligned to your strategy, relevant to the issues you’re facing and armed with innovative techniques and technology, is capable of providing the insights, expertise and assurance you need to deliver against your objectives and meet the boards’ expectations. If you have an existing internal audit function, it will almost certainly have evolved over time. So has internal audit outsourcing. It’s time to reconsider whether specialist resources can give you the agility necessary to manage change and exploit the opportunities it presents.
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.
Win-win partnership
Timely recruitment, upskilling and mobilisation of resources - typically full time permanent PwC people
Business collaboration
Selected Client Account team members will sit on the steering committee to ensure that our knowledge and relationships are leveraged
Agility and innovation
Design sessions can leverage our differentiated experience banks to increase agility and accelerate outcomes
Business interlock
Making our team a part of your team with Client Account team members acting as additional point of connectivity
Co-created design
We collaborate to improve your team’s value proposition by offering additional services where required
Quality people
Wide range of highly mobile and flexible range of resource skills, typically full time PwC employees
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.
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Contact us
Julien Tyack
Risk Assurance Services Partner and Sustainability Leader, PwC Mauritius
Tel: +230 404 5210
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