Co-sourcing or outsourcing internal audit work reduces costs, frees up capital, and enhances your ability to focus on what you do best. It can help you tap into specific skill sets, industry knowledge and global resources on an 'as needed' basis.    

With organisations being driven to do more with less, the internal audit function has become a prime candidate for strategic sourcing. This can include outsourcing the entire function or just certain critical elements.

Like many other functions, internal audit has become highly sophisticated and virtually a business in itself. Achieving effective internal audit capabilities requires a significant level of investment in skilled resources, methods, training and technical infrastructure.

 

Internal Audit Outsourcing Services

KPMG can advise you on:

• critical business risks
• implementating effective controls and compliance processes
• identifying better practices
• reducing the cost of operations
• realising profit improvement opportunities.

 

Internal Audit Co-sourcing Services

Co-sourcing allows you to tap into specific skill sets, industry knowledge and global resources on an ‘as needed’ basis. KPMG can provide you with the specific skills you need on demand - achieving a level of flexibility to better deal with a range of operational issues.

KPMG’s Internal Audit Risk & Compliance Services team have extensive internal audit experience. Our professionals have acquired this expertise by delivering services to our clients and through industry experience prior to joining KPMG.

We supplement our experienced internal auditors with subject matter professionals in areas such as:

• IT
• forensic treasury
• operations risk management
• financial instruments
• procurement
• shared services
• third-party contracting
• tax
   
           

Why choose KPMG? 

• Achieve potentially significant savings from our advice on internal audit costs-particularly for those organisations with significant global travel, high turnover of internal audit resources or varying internal audit activity levels.
• Access the right skills, in the right place, at the right time - sourcing provides the flexibility to adapt to changing business needs.
• Leverage KPMG’s infrastructure - shift the costs of developing and maintaining an internal audit capability to KPMG and free up your capital and resources for other purposes.
• Address human resource challenges - attract and retain talent, maintain knowledge on evolving risks and develop the skills to drive value.
• Access leading methodologies - our global internal audit methodologies and supporting technologies are risk-based and scalable.            

With a strategic Performance Review for internal audit, we can help you align your internal audit function’s strategic objectives with key business processes. 

Our reviews take into account overall risk management, compliance monitoring, and business performance. Your internal audit function can then perform and operate more effectively.