Home
Services

Internal Audit and Risk Management

Internal audit is an independent and objective assessment, assurance and consulting activity, the aim of which is to strengthen an organization’s governance, risk management and control processes and thereby generate added value for your organization and support the continuous development of operations. It supports management in achieving the organization’s goals by providing a systematic approach to the assessment and development of risk management, internal control and management and administration processes.

In internal audit services, we focus on efficient auditing that takes into account the specific characteristics of the client’s business. Audits are always tailored to the needs of the client and their business, and their planning and development proposals aim to support the achievement of the company’s goals in the long term.

Internal audit for the private and public sectors

We offer internal audit outsourcing services to both the private and public sectors, regardless of the size of the organization. The internal audit services we offer include assurance and consulting services, which can be performed either fully or partially outsourced. We assist organizations in developing, organizing and implementing internal control and auditing, compliance and risk management.

We offer specialized expertise in analyzing various risk areas – such as finance and sustainability – and in developing core and support processes, including sales, purchasing, inventory, payment, investment, payroll and human resources processes. Process assessments usually review the entire process step by step, assess and, if necessary, test the appropriateness and functionality of the controls related to the different stages, and identify potential areas for development.

The scope of our assignments can concern individual projects or longer-term and larger entities. In our audits, we comply with the Global Internal Audit Standards and always carry out the audits with high quality and in cooperation with the client’s management. The professionals involved in the assignments always have the latest knowledge and comprehensive expertise in the area being audited. The specialized expertise of our authorized internal auditor (CIA) and auditors (APA/CPA) is also available.

Examples of the assessment and assurance assignments we offer

Business process assessments
Corporate governance assessment
Ensuring the reliability of reporting
Investment policy, operations and procedures assessments
Identification of fraud
Compliance audits

Internal audit for companies in the financial sector

We have extensive industry knowledge of internal audit services for financial and insurance operators subject to the Financial Supervisory Authority’s license. Our knowledge of the regulation and industry best practices of investment firms, investment funds, payment institutions and alternative fund managers enables us to provide risk-based audits to organizations in the sector, tailored to their specific needs. We also have an extensive network of partners, which enables us to provide ICT and information security assessments, for example.

Examples of internal audit assignments for financial and insurance operators subject to a Financial Supervisory Authority’s license

Valuation audits
Assessment of customer suitability assessment procedures
Assessment and development of customer identification processes and processes for preventing money laundering (AML)
DORA compliance audit
Ethics and sustainability requirements (ESG & SFDR) assessments
IT and information security risk audit
Sales procedures assessments
Assessments of remuneration and incentive systems and their compliance
Assessments of risk management and operational processes
Assessments of product management processes
Information security and data protection audits (GDPR)
Capital adequacy assessment (ICAAP) assessments

Consulting and advisory assignments

In addition to assessment and assurance services, internal audit assignment may be purely consulting in nature, providing advisory services to a client in a mandate relationship on a specific, identified subject. The purpose of the consulting is to develop the organization’s processes, establish or renew operating methods, and guide operations toward achieving the organization’s goals. Examples of internal audit consulting assignments we offer: