Internal Audit

A Control Function that Creates Value 

Corporate governance within organisations and companies is under continuous scrutiny. Businesses must demonstrate that their governance frameworks and risk management strategies are robust and transparent. This is an expectation that becomes even more critical as risks, laws, and regulations evolve rapidly. Executive teams and boards cannot afford to act too late.

Internal audit has always been a cornerstone of sound governance and should play a central role in an organisation’s governance processes. It takes a broader perspective, helping your business navigate an increasingly complex landscape of risks.

Internal audit provides assurance over your most fundamental internal controls by detecting and preventing fraud, and by monitoring compliance with organisational policies, corporate governance codes, regulations, and legislation.

It also serves as a key tool for the board, offering insight into and oversight of operational effectiveness, quality, and risk management. At the same time, it supports the business in improving performance by delivering practical, actionable recommendations for stronger and more efficient processes.

How we can help you with internal audits 

BDO provides a broad range of internal audit services, with solutions tailored to organisations of all sizes and industries. We can support you in several ways:

• Internal Audit Function
  You can outsource your entire internal audit function to BDO. We carry out internal audits in accordance with the audit plan established by your board, with ongoing reporting that delivers clear findings and practical, relevant recommendations for improvement.

• Targeted Audit Engagements 
  We perform focused internal audit reviews on your behalf. Bringing in external internal auditors can be particularly valuable in cases of staff shortages or when specialised expertise is required.

• Advisory Services
  We conduct quality assessments of internal audit functions and have extensive experience in developing and enhancing internal audit methodologies. We also offer training programs on request, with content tailored to your organisation’s specific needs.