Internal Audit
Internal auditors play a key role in the continuous improvement of an organization’s operations. Internal auditors are independent of an organization’s management and focus on a disciplined approach to develop and execute risk-based audit plans, strengthen internal controls, and improve operational effectiveness for clients. A well-established internal audit department adds tremendous value to the oversight and quality standards of an organization by providing practical and valuable recommendations.
Our professional team members are experienced as both external and internal auditors. Having this experience allows us to efficiently and effectively identify key areas of risk and help an organization mitigate those risks. Because our team has deep roots in both disciplines, we bring a 360-degree perspective: we don’t just find gaps to satisfy year-end compliance (the external view); we design practical, everyday workflows to optimize your business performance (the internal view).
Our internal audit practice is based on a firm foundation and adherence to the core principles of internal auditing as articulated by the Institute of Internal Auditors. Our commitment to adopt and adhere to the principles outlined below should provide our clients with confidence in knowing that we will perform our work in accordance with best practices and standards. According to the Institute, the following principles must be present and operating effectively for an internal audit function to be considered effective:
- Demonstrates integrity
- Demonstrates competency
- Is objective and free from undue influence (independent)
- Aligns with the strategies, objectives, and risks of the organization
- Is appropriately positioned and adequately resourced
- Demonstrates quality and continuous improvement
- Communicates effectively
- Provides risk-based assurance
- Is insightful, proactive, and future-focused
- Promotes organizational improvement
In addition to the ongoing monitoring of an organization’s risk management, internal controls, and governance process, internal auditors may also conduct fraud and forensic investigations. If you have an interest in collaborating with our firm as the internal auditors for your organization, we’d be happy to explore that opportunity with you.
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