Internal audit is the cornerstone of good corporate governance and risk management.
From our experience, a properly resourced, effective and independent internal audit function not only provides assurance to Boards, Audit Committees and Management that governance, risk management and internal control processes are operating effectively but also identifies business process improvements and operational efficiencies within the business.
The Crowleys DFK Internal Audit Team will establish strong working relationships with you and your internal audit function and develop a comprehensive understanding of the internal and external factors driving risk in your business. We can help identify any potential risks affecting the organisation’s ability to achieve strategic goals and assess the robustness of mitigating controls in place.
Establishing a new internal audit function
We have a proven track record of assisting organisations establish an internal audit function for the first time. Our services range from developing the Audit and Risk Committee Terms of Reference and Internal Audit Charter to providing guidance to Audit and Risk Committees on their own draft Terms of Reference, Charters and advice on best practice.
Fully outsourced internal audit
We can perform all aspects of the internal audit function. We can work with you to prepare a risk based audit needs assessment; develop the strategic internal audit plan and annual audit work programmes; perform all aspects of testing from investigative field-work, continuous monitoring to the follow up of action plans; deliver timely reports; attend Audit Committees meetings; and liaise with external auditors and other third parties.
Co-sourced internal audit
We can supplement your existing internal audit team based on your business needs. We can meet short term resource requirements or provide subject matter expertise by providing highly skilled internal audit staff to complete specific internal audits. We can also be more involved by working with you across the entire process from developing the strategic internal audit plan to the delivery of reports.
Assessing the effectiveness an internal audit function
We can evaluate and assess the effectiveness of your existing internal audit function by quality assuring and benchmarking it against industry best practice.
Talk to our experts
+353 21 4272900