• Internal audit outsourcing
  • Internal audit cosourcing
  • Internal audit expertise/SME sourcing
  • Internal audit effectiveness reviews (QARs)
  • Internal audit loan staffing
  • Internal audit transformation
  • Internal audit advisory

Internal auditing is an objective assurance and consulting activity designed to add value and improve an organization’s operations. It can help an organization accomplish its strategic objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. ICG Internal Audit services help boards and senior executives better manage enterprise risks.

ICG professionals help organizations enhance the effectiveness, quality, and value received from internal audit. ICG’s broad understanding of risks and areas of operational improvement — particularly the nuances of specific industry sectors and markets — can help internal audit functions improve their performance and operating efficiency and bring value to their organizations.

Internal audit outsourcing
At times organisations prefer to outsource some or all of its internal audit activities. ICG professionals are ready to undertake any function, including the annual planning, execution of the annual plan, and reporting to management and the audit committee.

Internal audit cosourcing
We provide internal audit co-sourcing solutions, which comprise the performance of some of annual internal audit activities of your choice.

Internal audit expertise/SME sourcing
Subject Matter Expertise sourcing represents specific individual engagements where the client requires ICG ‘s specialist skills and expertise to deliver internal audit services. Typically, ICG member firm professionals either conduct the entire project on behalf of the client or combine specialist resources with the client team to deliver the internal audit engagement.

Internal audit effectiveness reviews (QARs)
The Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing requires companies to conduct an independent quality assessment of their internal audit function at least once every five years.

Internal audit loan staffing
We believe that understanding our client’s business and continuous improvement is key to an effective outsourcing solution. This is why we create dedicated client service teams and customise outsourcing solutions to ensure the right fit for each engagement.

Internal audit transformation
Internal audit transformation engagements represent assignments to assist an internal audit function evolve and transform to become more effective and deliver increased value. Areas of focus may include, but are not limited to, methodology, team matters, use of technology, and internal audit reporting. The buyer of these services may be the chief audit executive, management, or the audit committee of the board of directors.

Internal audit advisory
Internal audit advisory engagements represent assignments to assist organizations with internal audit services not captured by one of the other highlighted solution areas. Services in this area may include, for example, general consultative advice or training.