Internal Audit
Ineffectively managed risks, incorrectly designed processes, poor project management and insufficient information for executive decision-making may cause significant losses. To identify these problems and propose corrective measures is the task of internal audit, which must closely cooperate with the management of a company.
The establishment of an effective internal audit function is often hampered by a lack of experienced professionals with adequate technical knowledge and by incorrectly designed processes within the internal audit function.
Additional barriers include insufficient cooperation with management, incorrectly defined requirements concerning the internal audit function, and communication constraints.
BTL’s Internal Audit practice can help you overcome these issues and develop an internal audit function that will meet your needs whilst adding value.
To deliver an outstanding co-source audit service, our internal audit is designed to deliver value based on our 360 degree approach as shown below:
Our Approach
Key features of our offering include the ability to provide a consistent and standard assurance service by assigning dedicated and experienced professionals whose skills and expertise is derived from years of working with companies in both the private and public sector to oversee audit delivery and provide exceptional client service.
We recognise that whilst the subject of an audit may be similar from client to client, the service delivery model needs to be flexible to meet individual client needs. We therefore design our service to provide a unique offering to each client. The model briefly describes the four main processes associated with internal audit delivery; audit planning, assignment execution, reporting, and finally, remediation and action tracking.