Establish a transformation vision and goals. Make the case for change.
Status quo and legacy ways of working will result in falling behind rather than keeping up. Internal Audit leaders need to embrace the need for change and key Internal Audit stakeholders need to expect it. Business initiatives, regulatory requirements, and technology have all been subject to significant change; Internal Audit functions need to change and evolve simply to keep up and must embrace transformation as a business-as-usual activity, continue to position for the future needs of the organisation.
We help establish transformation priorities and plans, and support in their implementation, offering advice on leading practices and strategies to deliver successful outcomes and enable change.
Our Audit transformation services
Transformation Strategy & Planning
Support all aspects of the transformation journey from establishing a vision and strategic plan to implementation and change management.
Controls Program Strategy
Establish highly efficient and effective control testing programs that serve the needs of multiple stakeholders (internal and external) and leverage the latest technologies and tools. Embed a controls-mindset across the organisation.
Quality Assessment & Leading Practices
Assess conformance to standards of professional practice, regulatory expectations, and general leading practice. Leverage proprietary frameworks and capability maturity models to support the development of roadmaps.
Audit Committee Advisory
Engage with and advise Executives and Audit Committee members on their risk oversight responsibilities as well as leading practices related to engagement with and assessment of the organisation’s Internal Audit function and leaders.
Evaluate current state, define transformation strategy, and start the transformation journey
- Evaluate current state practices against professional standards, regulatory expectations, and leading practice.
Establish a view of current state, capability maturity, and existing leading practices. Work with internal audit leaders and key stakeholders to establish a roadmap.
- Define Transformation Strategy
We understand strategies and needs of the broader organisation and support internal audit leaders in translating those into an Internal Audit Transformation Strategy & Plan.
- We support all aspects of the transformation journey from establishing a vision and strategic plan, helping to build sourcing and talent strategies, updates to risk assessment, delivery, and reporting practices, improved coordination, and collaboration with other assurance functions, and driving increased use of data and technology.