The Assurance Pressure Cooker
of Internal Audit are under greater pressure to provide more and more assurance to our key stakeholders. In order to do so
Heads of Internal Audit are having to work smarter with a greater focus on aligning internal audit plans to the key organisational
risks and providing continuous assurance that these risks are being managed. Moody's Risk Management provide a range of services aimed at aligning the audit process to provide maximum
We have benchmarked the effectiveness of
one of the world's top 5 banks together with some of Ireland's leading organisations. Our process is designed to articulate
the specific needs of the Audit Committee and other key but secondary stakeholders and then critically examine:
- The gravitas of the Audit Team;
- The Audit planning
- The Skills and competencies of the Audit Team;
- Use of
CAATs and other cutting edge techniques
- The detailed audit scoping process;
- Fieldwork and quality control processes;
- The reporting process.
Based on our assessments we develop consensus on potential improvements and issue
an action plan aimed at meeting the needs of the Audit Committee and complying with best practice as set by the IIA.
We also provide a range of one off interventions aimed at supporting
the on-going Internal Audit process:
- Facilitating one off control
risk assessment workshops to facilitate the development of an audit needs assessment and Annual Internal Audit Plan;
- Helping Heads of Internal Audit develop control risk self assessment processes
and train staff in all aspects of facilitation. We even provide tools for assisting in control risk self assessments. Some
of our trainers have experience of completing over 2,000 executive workshops with many diverse client groups;
- Assisting in the development of CAATs, IT Audit and Contract Audit Capabilities;
one off high level reviews of major and high profile areas where an externally independent assessment is required.
We are also resellers of a wide range of tools which are designed to make life simpler
for a Head of Internal Audit. If you are interested and would like to know more please give us a call.