Internal Audit provides assurance to the Board that the risks which face the organisation are being managed

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. Audit Ink’s Internal Audit services help boards and senior executives better manage enterprise risks.

Internal Audit Services

 

Internal Audit Transformation

KLA collaborates with clients to deliver Internal audit transformation engagements which assist Heads of Internal Audit, Heads of Business assurance, evolve and transform the internal audit function to become more effective and deliver increased value. Transformation activities include methodology review and improvement, team performance, technology utilization, and internal audit reporting.

 

Internal Audit Interim Staffing

KLA can provide interim resource to assist with the setup of a new Internal audit function, cover a period of absence or deliver the performance of all internal audit activities including the annual planning, execution of the annual plan, and reporting to management and the audit committee.

Internal Audit Consultancy

KLA internal audit consultancy engagements represent internal audit services not captured by one of the other highlighted service areas. Services in this area may include:

  • Consultation advice

  • Training, coaching and mentoring

  • Speciality audits such as fraud investigations, third party supplier audits, joint venture or alliance partnership audits and supply chain and cost management audits.

Internal Audit QAR

KLA provides clients with an independent quality assessment of their internal audit function. The QAR measures the effectiveness of the internal audit function against the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing. QAR’s are a required to be undertaken at least once every five years.