Faced with ongoing economic changes and constantly evolving regulatory environment, organizations are recognizing the need to transform their risk management and internal control functions in order to adequately and timely identify and respond to challenges and risks. These emerging risks challenge traditional strategies and assumptions, which is why organisations need to ensure an effective governance structure.
Scope of KPMG support
We support our clients in establishing, evaluating and improving their internal functions, such as internal audit, internal control, enterprise risk management and compliance, effectiveness of which is essential to ensure proper corporate governance and oversight of the organization. We offer co-sourcing and outsourcing services to support these functions in performing their tasks, in particular in the areas requiring specialist knowledge.
We review management, operational and supporting processes. We analyze their structure, the appropriateness and completeness of internal regulations, as well as the existence and effectiveness of entity and process level control mechanisms. We support our clients in developing and improving their internal policies and procedures. We use recognized internal audit standards and internal control frameworks, recommended market practices as well as risk management models tested in practice.
How can we help?
Internal audit is expected to add value and improve an organization’s operations by providing assurance and consulting. Implementing an effectively operating internal audit function requires time, effort, as well as experience from the company's management. We support internal audit teams in improving their performance and offer sourcing services to provide insight and specialist knowledge.
An effective internal control system should correspond with the size of the organization and the challenges it is facing. We support our clients in elevating their internal control systems, designing appropriate controls and perform reviews of the internal processes in order to identify improvement opportunities.
Contemporary business environment is rapidly changing, making the enterprise risk management a constant and complex challenge. Having the effective risk management process in place is particularly crucial for identifying and managing emerging or evolving risks that may adversely affect strategies and goals. We support our clients in developing the risk management policies, risk maps and registers as well as risk indicators, allowing to effectively analyze threats and opportunities for the organization.
Compliance function aims to ensure that operations comply with applicable laws, standards and regulations. We help in establishing the compliance function and tailoring its operating model to the profile of the organization. We support in the assessment and improvement of the existing solutions, including the development of internal regulations.
About us
Internal Audit Services (IAS) combines extensive business experience and professional qualifications confirmed by audit certificates. We specialize in internal audit, risk management, internal control and compliance. We have successfully supported Polish and international enterprises in improving their corporate governance structures, as well as their alignment with the best practices or group guidelines.
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