When providing internal audit co-sourcing services, Kept offers a flexible approach tailored to the client’s needs.
Current issues
- The inability of internal audit in companies to form a team that includes all the necessary narrowly focused specialists and experts in certain areas of business.
- Lack of highly qualified specialists in specific areas (e.g. cyber security or personal data protection).
- The lack of sufficient resources for companies to support robust IA functions due to the specifics of business processes.
Reasons for co-sourcing of internal audit
- Implementation of the annual IA plan or certain external requests under conditions of insufficient current resources or lack of narrowly focused IA specialists.
- Involvement of highly qualified specialists, innovative approach to audit, and access to best international internal audit practices.
- Improving the efficiency of audit engagements and the level of competencies of in-house IA specialists.
Our services
- Selected internal audit reviews
- Perform separate/additional audits at the request of the Board of Directors/senior management or in accordance with the annual plan of the IA function.
- We involve Kept specialists with the necessary expertise in a specific industry and certain business areas.
- Joint internal audit reviews with Kept’s participation (reinforcing the client’s team):
- Perform joint audits involving internal auditors and Kept specialists (both as engagement leaders and as individual specialists) to gain experience and enhance the skills of IA employees.
- We share our practical experience and provide recommendations on how to improve the organization of the audit process in terms of planning, performance and reporting.
- Provision of individual consultations to IA companies on specialized topics/issues based on our experience of working with Russian and international clients.
Value to the business
- Flexible approach to planning expenses on maintenance of the IA service.
- Possibility of independent assessment of individual lines of business/support functions by involving highly qualified and narrowly focused specialists.