Internal Audit Services & Consulting | Increase Assurance
 

Internal Audit

A market-leading approach providing assurance on your governance, risk management and internal controls.

Delivering timely and independent assurance on business-critical issues

Operating environments are increasingly complex due to everchanging operating models, regulatory changes and acceleration in technology developments. The need for internal audit services has never been greater or harder to provide, especially from internal resources. It is just not feasible to give the level of assurance required with limited internal resources, especially for niche, sensitive or emerging risk areas or activities. Xcina Consulting work with organisations to overcome these challenges.

Our internal audit services provide assurance on your governance and oversight arrangements, and your risk management and internal control activities. We identify key areas for improvement within your organisation, empowering management to confidently execute their plans. We focus on critical areas including:

  • Delivering the plan and providing the assurance.
  • Enhancing quality and concentrating on those areas presenting the greatest risk to organisational goals.
  • Improving efficiency in the execution of internal audits.

Reasons to consider internal audit services: increase capacity, access specialist skillsets and address independence concerns

We support your organisation in the following areas:

Internal Audit Transformation

We assist internal audit teams to better align with market best practices, professional requirements – including from professional bodies such as the Chartered Institute of Internal Auditors (CIIA) – and internal stakeholder requirements.

Internal Audit Services

Internal Audit Services

Internal Audit Full Outsourcing

A turn-key service, we take on the responsibility for running your internal audit function. This includes audit planning, liaison with management, audit committee and the board, execution and follow up on audit finding remediation.

Internal Audit Co-Sourcing

We address technical expertise and the capacity or independence challenges of internal audit functions, by operating as an extension of their team. This provides a cost effective solution to align needs without compromising on the quality.

Internal Audit Consulting

Internal Audit Consulting

Internal Audit Quality Assurance Reviews

We undertake independent reviews of internal audit operations to assess compliance with professional requirements, such as The International Standards for the Professional Practice of Internal Auditing (Standards) issued by the CIIA, and internal stakeholder requirements. Our reports are critical inputs for planned transformations.

Training

We assist internal audit teams to improve the effectiveness of the function by providing training in general risk-based audit methodologies, and in specialist technical areas in operations, regulations and technology. This is tailored to the team’s requirements and can be done as one-off or as a series of longer team activities.

Internal Audit Consulting

Increasing assurance and confidence with internal audit consulting

Xcina Consulting will work with you to achieve:

  • Better alignment between internal audit and organisational objectives, enabling efficient allocation of resources.
  • Increased confidence, of internal stakeholders, in the risk management activities of the organisation driving better decisions.
  • Access to deep expertise and skills for specialist areas of the organisation and appropriate knowledge transfer to internal teams.
  • Flexibility in resourcing by partnering with a specialist provider, enabling on-demand resourcing of audit assignments.
  • Transparency and confidence for internal stakeholders due to audit execution by independent third parties.
  • Insights into emerging trends and risks from our extensive experience and engagement in the market, enabling better preparation and risk management.
Internal Audit Services

How Xcina Consulting can help your organisation

Internal Audit Outsourcing

  • Clients benefit from our extensive and specialist experience of assisting many organisations, meaning we act quickly to establish and improve internal audit functions.

  • Clients will work with seasoned and skilled internal audit professionals throughout the internal audit process, fitting seamlessly into your teams.
  • Clients have full visibility of our internal audit work, including access to planning documents, work papers and discussion drafts, ensuring buy-in from the organisation. This approach minimises potential conflict with internal stakeholders.
  • Clients can be reassured by our market leading approach. Our methodology is aligned to market best practices and the requirements of industry professional bodies such as the Chartered Institute of Internal Auditors, ensuring you are benefitting from leading developments in internal audit.
  • Client internal audit teams are up-skilled where required. Our partnership model ensures that where you want internal staff to learn and develop their skills on specific outsourced or co-sourced audits this is not only accommodated, but actively encouraged. This approach enables you to bring audits in-house as you require.

What our clients say

We selected Xcina as our co-sourcing resource because they promised do provide a bespoke service to meet our needs and we were impressed with the level of skill and professionalism in their presentation. The contract is running for over a year and we are very satisfied with the results.

Richard K Hodges, Head of Internal Audit, National Bank of Egypt (UK) Limited

Discover how we have supported organisations like yours >>

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