Internal audit & internal control

Internal audit

Today’s companies are facing pressures from multiple angles. With new risks constantly emerging, an effective internal audit function can improve operations, facilitate change and provide stakeholders with assurance. We offer sector-specific expertise that helps to enhance your risk management, control and governance processes.

Our approach

A successful internal audit function should add value for the entire company, as well as provide assurance to stakeholders. It needs to be effective, dynamic and capable of addressing future challenges, and even more importantly, it should provide you with clarity and a true understanding of your business.

If you are seeking to set up an internal audit function or enhance an existing team, a partnership with Mazars provides you with a flexible, tailored and effective risk-based approach. We understand just how important it is to build an internal audit function that is effective and contributes to the overall value creation in your organisation. We also know that internal audit faces multiple challenges from different areas of a business while also adapting to a changing regulatory environment.

Our team offers deep subject matter expertise across multiple industries to provide you with a tailored solution that meets your complex needs.

We bring together specialists from across our network who work in an integrated fashion to ensure you receive the right guidance to deliver on your internal audit plan or develop an entirely new one.

We can provide you with advice on:

• Regulatory change
• Technology and business innovation
• Governance
• Risk management
• Compliance and senior management and board member responsibilities

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Internal control

Anticipating and responding to business, operational, financial and compliance risks is critical for success. Failure to do so can not only result in financial loss, but also non-compliance with regulations and a risk of reputational damage. Our integrated team of specialists can help you design and implement an internal control system so you can focus on your business objectives.

Our approach

To ensure good internal controls, you need to have robust systems and processes in place. Without them, your company not only runs the risk of being exposed to multiple risks, but also non-compliance with regulations. For financial companies in particular, internal controls form a critical role in regulatory and legal compliance. Failure to have the correct controls in place can expose a company to various risks, including financial loss and fraud, and even threaten its business objectives.

The team at Mazars offers broad expertise across sectors and disciplines, and can help you to design, implement and monitor the systems of internal control in your organisation. We have the resources and expertise necessary to help you meet your control objectives, offered through outsourcing, co-sourcing and secondment arrangements.

Our specialists work as an integrated team and take the time to understand your business and your strategy.

We can provide you with advice on:

• Create, enhance, and protect stakeholder value
• Transform your organisation so that it is risk-focused
• Increase your credibility with regulators, customers and financers
• Provide more timely and accurate management information for key decision makers
• Enable a more efficient and value-added assurance framework

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