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Your business is working in a very complex risk environment. There is technology transformation to keep up with and cyber security threats to handle. The needs of your customer are drastically changing and the environmental, social and governance agenda matters to the company board now more than ever. At the same time, there’s increased scrutiny from market regulators.
To work through these challenges, we understand the importance of good corporate governance and enterprise risk management. A fundamental aspect of such governance is the existence of reliable and independent assurance over the management of risks.
At KPMG, we give you independent, clear insights, reports and testing to help proactively manage risk. It's enabled by assurance and compliance services across the three lines of defence and looks at risk, regulation, technology and change programmes. We combine the skills of our dedicated risk and internal audit professionals with deep sector knowledge to provide risk assurance services across the full risk spectrum. This helps to ensure that, not only do you receive the robust assurance that you need, you also receive real insight into your key risks, which can be leveraged to improve the business and gain a competitive advantage.
We also work with internal audit committees and their heads to develop quality internal audit functions that deliver strategic business assurance, identify opportunities, and enhance value. Applying wide-ranging industry experience, we’ll help to make your internal audit functions, enterprise risk management programmes and risks and controls management as effective as possible. So, you can get the assurances your organisation needs, identify new opportunities, and enhance organisational value.
How can we help
At KPMG, we empower you to bolster governance, compliance and internal audit capabilities. Our professionals provide the independent assurance needed to confidently manage risks and opportunities, fostering stakeholder trust in your journey forward. KPMG internal audit and ERM professionals blend risk expertise, sector insights, and advanced digital tools.
This fusion enables extensive risk assurance spanning the wider professional spectrum. Tailoring strategies to your needs, we can help optimize risk management, fortify internal audits, and provide actionable risk insights. Our focus on impartiality helps ensure you receive unbiased assurance, instilling the confidence that comes with well-managed risks to fortify unwavering stakeholder trust.
KPMG may assist you by performing an external assessment of the Group’s IA Department. The Standards promulgated by the Institute of Internal Auditors require an external assessment every five years. However, beyond conformance with the requirements of the IIA Standards, an external quality review will provide you with a gap analysis against good practice in internal audit.
Our comprehensive methodology, K’SPRint assesses your function against 15 best practice principles organised across 3 components.
KPMG has invested heavily in developing a leading-edge IA methodology. We recognise that IA must focus on providing value to the organisation through a mix of knowledge sharing, coaching and effective challenge. Our aim is to maximise the value add you get from your Internal Audit function by bringing you the latest tools, tailored solutions and by being innovative. More importantly our aim is to bring you insights: helping you identify emerging risks and turning these risks into opportunities.
A value-adding internal audit must be risk-focused. Focus on risks means that the risks are within the scope of internal audit engagements with sufficient regularity, depending on their criticality. This will put your key stakeholders’ minds at rest.
Our interactive risk assessment seeks to bring together management’s knowledge of the business and the IA Department’s knowledge of processes and controls, to assist you in formally identifying and prioritising your risks.
