The Assurance Pressure Cooker
Heads 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 assurance.
Internal Audit Benchmarking
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
- The Audit planning process;
- The Skills and competencies
of the Audit Team;
- Use of CAATs and other cutting edge techniques
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;
- Conducting one off high level reviews of major and high profile
areas where an externally independent assessment is required.
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.