There are several steps involved in the internal audit process. When clients engage us to help them conduct internal audits, our process starts with identifying the specific reason (or reasons) for the internal audit, as well as the internal audit function or internal audit functions. Internal audits can target a virtually endless list of potential corporate concerns, and determining the scope of the audit is the first step toward gathering actionable intelligence.
Next, we work with our clients to structure their internal audits taking into account their organizational structure, the sources of information that need to be examined, and other factors. Then, we work with our client to develop a collaborative team of internal personnel and consultants from our firm, including selecting the internal auditors. Finally, we conduct the audit itself, processing relevant data in real time so that our clients can make informed decisions as soon as possible.