Execution

We assist in the execution of internal audit assignments. This service offering exists in two flavors:

  1. Outsourcing: We take full ownership of the assignment to enable you on focusing on other assignments.
  2. Co-sourcing: We tackle the assignment together with you and your team.
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We have expertise and experience in several internal audit assignments:

  • Purchase-to-Pay audit
  • Revenue assurance audit
  • Payroll audit
  • ITGC audit
  • Fraud risk audit
  • Accounting audit
  • Factory audit
  • Compliance audit
  • ....

How we efficiently execute internal audit assignments

Our internal audit approach is based on the “internal control – integrated framework”; We execute internal audit assignments based on both traditional and more advanced audit techniques. More advanced tools are data analytics and process mining. 

01

Risk assessment and scoping

  • - Identification of specific process risks;
  • - Determination of the scope.

02

Process understanding

  • - Identification of the as-is and should-be process;
  • - Identification of the IT tools supporting the processes.

03

Testing

  • - Design of a test plan;
  • - Test design effectiveness of the identified controls;
  • - Test operational effectiveness of the identified controls based on samples or full population where appropriate.

04

Validation

  • Alignment and validation of the identified risks and findings with the stakeholders.

05

Reporting

  • Creation and presentation of the audit report for the audit committee.
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