Internal Audit

Addressing enterprise risk while enabling business performance.

The risk landscape is expanding providing both challenges and opportunities for organisations. While being ready to respond is essential, it’s not easy. Internal Audit has emerged as a critical lever for change giving boards the confidence to deal with the demands of a dynamic marketplace. Now, more than ever, Internal Audit needs to rise to the challenge and demonstrate its value. 

The risk landscape is expanding providing both challenges and opportunities for organisations. While being ready to respond is essential, it’s not easy. Internal Audit has emerged as a critical lever for change giving boards the confidence to deal with the demands of a dynamic marketplace. Now, more than ever, Internal Audit needs to rise to the challenge and demonstrate its value. 

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This is Internal Audit

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What is Internal Audit?

Internal Audit is unique. We have the remit, the skills and the tools and the technology to navigate complexity and look further ahead...

To help businesses avoid the hazards - seen and unseen - and have the confidence to move faster as the world changes

Internal Audit Solutions

Internal Audit

At PwC, we are driving Internal Audit innovation merging the skills of our people with a robust, leading edge Internal Audit approach and state-of-the-art technology. The result is The PwC Internal Audit. Relevant, aligned and agile, it delivers insight and quality in equal measure and to the highest standard, helping you build the confidence to move faster and act decisively.

We provide value and confidence to Boards through:

  • Outsourcing and co-sourcing solutions
  • Risk Assessments
  • Internal Audit planning
  • Internal Audit Quality Assurance Reviews and benchmarking
  • Performance improvement and process and organisational reengineering
  • Bespoke training programs

Business Controls Advisory

A complex and continually shifting business landscape, and increasing competitive pressure require effective management of risk across the organisation.

PwC can assist you in optimizing your business controls environment by:

  • Establishing, documenting or testing the internal control environment
  • Review, design, automation and optimisation of business system controls, automated controls and IT general controls
  • Assessment and recommendations around entity level controls
  • Assessment of internal control environment, also utilizing globally recognized integrated internal control framework COSO
  • Advice and assistance in business process and internal controls optimization
  • Assistance in preparation for the requirements of Sarbanes-Oxley, ISO27000, COBIT or similar regulations or testing of compliance with these requirements
  • Outsourcing contract risk and compliance review
  • Regulatory compliance rationalization

Performance Assurance

Now more than ever, meeting greater board oversight and providing transparency to internal and external stakeholders is essential. Your business must be one that customers, partners and investors can trust - keep your promises!

PwC can assist you get, and keep, the right level of assurance and confidence for your internal and external stakeholders through:

  • Third party assurance reporting and certification according to ISAE 3402 and SSAE 16 (formerly SAS 70) standards
  • Reporting according to ISRS, ISAE 3000, SOC2, SOC3 and other standards
  • Assessing financial and non-financial performance issues, including: integrity of supply chain, assets and operations, and the sustainability of the environment in addition to assessing resource productivity, business conduct, customer and employee fairness, and regulatory compliance

We help Internal Audit functions raise the bar and deliver excellence to all of their stakeholders by focusing on the eight core attributes: business alignment, quality and innovation, risk focus, talent model, stakeholder management, cost optimisation, technology and service culture.

We offer a qualitative analysis of your Internal Audit processes to see how they’re working and whether they’re in line with your strategy and supporting the business as effectively as possible.

Internal audit function set up

Our team of specialists will help you to set up and establish a functional Internal Audit model that will provide your company with added value and assist you in achieving your long-term goals. Our policies are based on a proven methodology and an individualised approach tailored to your specifics.

Outsourcing

As a business that strives to maintain your competitive edge, you can and should have high expectations of Internal Audit. Outsourcing can help you achieve this by providing a team that is aligned to your strategy, relevant to the issues you are facing, and armed with innovative techniques and technology. A team of specialists who can provide the insights, comfort and confidence you need to deliver against your objectives.

Your Internal Audit function has almost certainly evolved over time. So has Internal Audit outsourcing, which can deliver the agility and resources necessary to help you manage change and make the most of opportunities. It can assist with growing stakeholder demand by tapping into experience and insights from the wider market, so you can respond to stakeholders’ calls for increased risk management and transparency.

Co-sourcing

A co-sourced approach to Internal Audit could be the solution if your organisation is struggling to retain specialist resources, fill particular skills gaps or respond to digital or transformational disruption. Co-sourcing can both support you to develop your staff’s potential and provide the necessary skills and experience that an in-house function would have difficulty maintaining single-handedly.

Internal Audit

Addressing enterprise risk while enabling business performance.

More about Internal Audit

Trust Solutions

Your risk perspective and strategy can impact the balance between eluding failure and seizing competitive opportunities.

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Cyber Security

Balance security, privacy and opportunity to move boldly forward.

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Data and Analytics

Confidence through smarter data.

More about Data and Analytics

Contact us

Olena Volkova

Olena Volkova

Partner, PwC in Ukraine

Tel: +380 44 354 0404

Anton Tseshnatii

Anton Tseshnatii

Director, Risk Assurance, PwC in Ukraine

Tel: +380 44 354 0404

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