Internal Audit
Accelerate growth through internal audits
A vital tool in improving business performance
Anticipate future concerns and identify weaknesses
to protect your business
The goal of internal audit is to help the organisation improve. As your business grows, so does your responsibility to manage change. At the same time, understanding how to identify and manage your susceptibility to change becomes more complex.
Our experience tells us the better you understand your risk profile the better positioned you are to capitalise on the upside of change and risk, while minimising any negative risk from impact on the health of your business.
To deliver these attributes our approach keeps an open line of communication with you while helping you:
Identity, understand and manage
Implement
Comply
Safeguard assets
Measure and streamline
Achieve
Internal audit in practice
PKF’s gold standard approach
PKFs internal audit process focuses on providing you with:
- A strong, credible first impression.
- Practical guidance to help keep ‘honest people honest’.
- Flexibility to audit at the ‘speed of risk’.
- Maximise opportunities from data analytics techniques to identify anomalies, omissions, duplications, errors and other insights from data sets.
- A focus on root causes – ‘we don’t just tell you what, we tell you why’.
- Commentary on hot topics including culture, behaviours, conduct, talent, regulatory change and cyber.
The PKF Australia Internal Audit methodology is anchored around the International Standards for the Professional Practice of Internal Auditing, issued by the Institute of Internal Auditors. We also strongly promote the Australian and New Zealand Standard on Risk Management (AS/NZS 4360) and the COSO Enterprise Risk Management Framework.
