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We reshape and restructure Internal Audit functions following IIA Standards. From risk-based planning to Board and Audit Committee reporting, with a focus on significant risk root causes only.
Core services
A function that adds value, year after year.
Shape the function
- Shaping the Internal Audit function (following IIA Standards)
- Internal Audit risk assessment and risk-based planning
- Annual engagement schedule, including resource management
- Internal Audit manual covering the entire activity and its deliverables
Run & report
- Internal Audit engagements, from planning to final report
- Company Internal Audit report design
- Quarterly high-risk (or exception) reporting to Management, Board and Audit Committee
- Alignment with other assurance functions: Internal Control, Compliance, Legal, Investigations
Develop people
- QA & PPD and on-the-job training of Internal Audit management and staff
- Positioning Internal Audit as internal talent development catalyst
- Continuity over the years, so the entire audit universe gets covered
- Unbiased, organisationally independent and professional conduct at all times
Done before, at scale
140→60
Group Internal Audit repositioned from 50 countries to three hubs in Miami, Singapore and Zurich.
< 1 yr
New teams fully operational after a new annual operating model and staff training.
1st
Internal Audit introduced at a US-listed company, mitigating significant HIPAA compliance risks.
M&A
Audit quality maintained through a major post-merger phase, with strong controls throughout.
Further reading
Ready to get in control of control?
Schedule your free consultation and find out how LakeHill GRC can help.
