An internal audit is not just a compliance exercise: it's critical to good governance and business performance. It gives you the confidence to manage key risks, informs good decision making and improves organisational performance.

Good internal audits evaluate and improve your risk management controls, and governance processes and procedures. Great internal audits make a tangible difference to commercial success and continuous improvement. At Grant Thornton, we do both.

How we can help

Our internal audit team provides the independent and objective support you need to assess the design of key controls, systems and processes and how effectively they operate. We also share better practices based on our extensive knowledge and experience, ensuring you receive bespoke and fit for purpose recommendations that deliver real value, rather than generic off-the-shelf services.

  • co-sourcing or outsourcing your internal audit
  • internal audit quality assurance reviews 
  • internal audit maturity assessments
  • internal audit transformation 
  • information technology auditing 
  • process mapping and reviews 
  • fraud risk assessments
  • probity reviews 
  • internal controls documentation and testing 
  • operational audits. 

Looking to set up an internal audit department or outsource your existing internal audit department? Our outsourced internal audit solutions are flexible, so we can  

  • assess your audit requirements 
  • develop an internal audit charter 
  • generate an internal audit strategy 
  • deliver and report on internal audit reviews 
  • manage your internal audit function 
  • attend and present Internal audit reports to the relevant committee(s). 

Many in-house internal audit departments can benefit from the breadth of skills offered by our experienced practitioners – ongoing, or at peak times. Our teams are complemented with key specialist skills in industry, performance improvement, organisational culture, ethics and technology risks. 

Grant Thornton’s internal audit effectiveness and improvement reviews will help you assess and improve your internal audit function. Our reviews deliver real value through  

  • benchmarking against current best practice 
  • productivity and value-for-money assessments 
  • pragmatic advice about improvements 
  • assurance to boards and audit committees that your internal audit function is focused, resourced and managed appropriately taking into consideration your size and complexity.
Hamish Bowen
Partner and National Director, Consulting
Hamish Bowen
Article

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