Internal Audit

A critical element of good corporate governance is ensuring that procedures and controls are operating effectively across all departments.

Internal audit provides assurance and also identifies areas for improvement within key aspects of the business, thus empowering management to enhance performance.

An effective internal audit consists of a systematic review of an organisation’s processes including finance, HR, IT, sales and purchasing. Internal audit evaluates policies, procedures and controls to ensure they address:

  • achievment of objectives
  • management of risk
  • effective and efficient use of resources
  • compliance with external laws and regulations
  • safeguarding of assets from fraud, irregularity or corruption
  • integrity and reliability of information.

As well as providing both fully outsourced and co-sourced internal audit, the Moore Stephens team can assess the effectiveness of your existing internal audit function, help you to establish your own function or perform an audit of any area of your business.