Internal Audit and Reviews
As companies, businesses and NGOs grow their scope broadens or deepens. This in turn expands the risk profile of the organization. Maximising the value and effectiveness of the internal audit function requires an understanding of an organisation’s objectives, risks, risk management priorities, regulatory environment, and the diverse needs of critical stakeholders including executive management, the board, employees, and shareholders. Ultimately, these needs determine the risk profile of the organisation and the strategic focus, organisation, resources and practices required of its internal audit department.
Richent assists organisations that need help improving the quality and effectiveness of their internal audit processes through outsourced or co-sourced solution in the following ways;
Assisted Development
Advising and assisting in the development of internal audit and risk management methodologies, including assessing whether the internal audit function is delivering effectively to stakeholders.
Curated Solutions
Providing internal audit resourcing solutions, including full outsourcing or complementing in-house functions with specialist skills or geographical coverage.
Training
Develop highly-tailored training for both the internal auditors and the non-audit management staff who exercise oversight role in the organization.