Internal Audit Services

Changes in the regulatory and corporate governance environment have shifted both expectations and the value placed on internal audit by those with a stake in an entity.

One of the major trends of recent changes in the Companies Act has been the changing nature and relationship between risk, compliance and corporate governance. The challenge is similar worldwide and a proactive approach on many issues such as tax risk planning is now a much more prominent challenge for boards, directors and managers.

As such, internal audit is now looked at afresh as a corporate function with a key consultative role in improving an organisation’s operations and having a significant direct bearing on shareholder value. In addition to identifying and resolving cost improvement opportunities and proving key insights on issues of risk, the internal audit function has the potential to impact on and improve all aspects of a company’s business performance.

Nolands Advisory is well positioned to maximise the value of your internal audit function within the context of your overall risk management structure.

The services of this area we offer clients include:

  • Working with your management to define the internal audit function
  • Providing an independent quality review of your existing Internal Audit function
  • Working with existing internal audit functions and structures to ensure alignment with business strategy
  • Improving the existing function with training
  • Outsourcing, co-sourcing, staff augmentation and professional staff identification and sourcing on all aspects of internal audit