Internal Audit & Risk Management

Internal Audit Methodology & Approach

  • Our approach promotes collaboration, leadership and support.
  • Our internal audit methodology and framework is:
    • Flexible and allows us to focus on your specific needs.
    • Designed to manage the engagement in a cost-effective way, ensuring consistency in approach, execution and quality.
    • Based on the COSO Internal Control evaluation framework and IIA Standards.
  • The internal audit framework is comprised of five iterative phases:
    • Understand the business
    • Utilize IIA and COSO internal audit and control frameworks
    • Assess risk & develop audit plan
    • Audit fieldwork & execution
    • Reporting & governance