Every successful business is underpinned by robust governance and controls and this includes an effective and valued Internal Audit function – one that is aligned to the strategic objectives of the organisation and able to deliver genuine insight. In today’s expanding risk landscape and ever increasing stakeholder expectations, Internal Audit has emerged as a critical lever for change. We are driving Internal Audit innovation merging the skills of our people with a robust, leading edge Internal Audit approach and state-of-the-art technology.
The result is The PwC Internal Audit.
We tailor our solutions to match your individual business needs and we have the flexibility and agility to bring you the right expertise at the right time. We look deeper and see further, considering areas like your organisation’s culture and behaviours to help you improve and embed control. In short, we make sure every hour we spend working with you is impactful, addresses the right risks and seeks to add maximum value to your organisation.
Our experience spans many industries and economy sectors including providing Internal Audit services to Financial Institutions (Banks, Investment Firms, Insurance companies), the Public Sector, and other industries such as Retail, Manufacturing, Hospitality & Leisure, Shipping, etc.
Use the IIA’s new Global Internal Audit Standards™ to drive transformation and value from your Internal Audit function.
How can Internal Audit's superpowers help organisations "see through walls" to avoid hazards, remove complexity, and find new opportunities?
Find out in PwC's Global Internal Audit Study.
Our benchmarking tool allows you to answer a subset of questions from this year’s survey and compare your responses against the global data.
I need to set up an Internal Audit function but I’m not sure where to start? |
You want to move forward with a model that is right for you but need guidance on the ‘pros’ and ‘cons’ of different resource models to help you identify what will best suit your needs. |
How does my Internal Audit function compare? |
You’re not necessarily concerned about how your function is performing and the value it is delivering. However, you feel you could benefit from an external perspective on how your function compares to leading practices and learn from others. |
My Internal Audit function needs to evolve.
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You sense complacency may have set in, stakeholder interaction and reporting are stale and the function is struggling to add value, bring insight and innovate. |
How do I get my stakeholders to understand and agree on the role and remit of Internal Audit? |
There isn’t a common view across the organisation as to how Internal Audit provides assurance over key risks and there is a plethora of assurance providers that aren’t joined up. You need help to achieve consistency and consensus. |
I would like to transform our governance arrangements.
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You see an opportunity to align and possibly redefine the monitoring and control environments of each line of defence. You can see the benefits such a transformation programme could make to the control environment and operational efficiency but don’t know where to begin to quantify these. |
Whether you need to establish an Internal Audit function, would like to evaluate future options for your current function or would merely like to augment pre-existing skillsets.
We can support you through our Advisory, Outsourcing or Co-sourcing solutions.
How the integration of risk, strategy and performance can create, preserve and realize value for your business.
George Lambrou
Partner, Advisory, Head of Risk, Compliance & Regulation, In charge of CIFs, PwC Cyprus
Tel: +357-22555728