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The creation and upkeep of an internal audit function can be a challenge for many companies in the constantly changing business world. We can work with your already established internal audit team, or provide all the services needed for the function from the outside. We will help you by providing whatever information your specific company needs to manage risks and improve all aspects of your business.
While internal audit is usually mandatory in the public sector it is discretionary for most private sector entities. Whether mandatory or discretionary, the observance of internal auditing standards should contribute to providing an internal audit service that really adds value. ‘Buy-in’ to internal auditing standards requires a combined effort by senior management, the audit committee of the board and, of course, the internal auditors themselves.
Professionalism is a process that evolves from dedication, high-road ethics, professional growth, and hard work. Integral to this process - and the essence of excellence in the business environment - is quality. To meet the unique needs and corporate culture of your organization, quality needs to evolve and permeate your organization's structure. From the mailroom to the boardroom, quality helps ensure customer satisfaction, investor confidence, effective management, efficient administration, and sound corporate performance.
To ensure consistent quality in your audit function and organization, a Quality Assurance and Improvement Program is necessary. The required elements are ongoing and periodic internal quality assessments, external quality assessments, internal monitoring, and assurance that the internal audit activity is complying with the Standards and the Code of Ethics. In order for your audit function to use the statement "conducted in accordance with the International Standards for the Professional Practice of Internal Auditing," your internal audit function must establish a Quality Assurance and Improvement Program that includes both ongoing and periodic internal QAs and undergo an external QA a minimum of once every five years.
BSI's Internal Audit Services provides clear, practical advice to help organizations ensure the right internal controls and processes are in place to achieve key strategic and operational objectives. We understand that in today's complex and competitive business environment, internal audit should provide strategic value and assist in the achievement of superior business performance.
We provide professional assistance in the development of effective governance and risk management frameworks to enable organizations to anticipate and respond appropriately to changing business conditions and risks.
BSI understands the demands on business leaders in today's increasingly complex, uncertain and performance orientated business environment. We offer clients access to our:
- Wealth of experience and the latest global technical and industry knowledge
- Tested methodologies and technology tools
- Real-time client communication.
It's why we deliver clear, actionable advice to help our clients quickly achieve more than they could on their own.
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