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The Assurance Pressure Cooker Chief
Internal Auditors are under greater pressure to provide more and more assurance to our key stakeholders. Chief Internal Auditors
need to work smarter with a greater focus on aligning internal audit plans to the key organisational risks to provide continuous
assurance that risks are being managed and opportunities are being optimised. Moody's Risk Management provide a range of services aimed at aligning the audit process to provide maximum
assurance. External Quality
Assessments (EQAs) We have EQAs for one of the world's
top 5 banks together with some of Europe's leading global organisations. Our process builds on the specific needs of the Audit
Committee and other key stakeholders within the following broad areas: - The
gravitas of the Audit Team;
- The Audit planning process;
- The Skills
and competencies of the Audit Team;
- Use of CAATs and other cutting edge techniques
- The detailed audit scoping process;
- QAIP 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 and Risk Committee and complying the Institute of Internal Auditors global IPPF standards and best
practices. John Moody is a member of the Chartered Institute of Internal Auditors EQA panel and is also a member of the Audit
and Risk Committee of one of Ireland's largest organisations. John uses the knowledge and insights gained in these roles to
provide genuine challenge and insight. 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 Chief Internal Auditors
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;
- Developing a long term strategy for the development of the internal audit activity;
- Helping organisations introduce internal audit using an in-house or outsourced resourcing model;
- Conducting one off high level reviews of major and high profile areas where an externally independent assessment
is required.
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