Internal auditing is an integral tool for management, finance, and operations functions in any successful company. An effective internal audit requires planning, experience, and sound methodology, all developed in sync with corporate finance, human resources, and your business's current situation.
There is no single template to follow and therefore the structure and protocol of your internal control function must reflect industry specifics and the regulatory and risk context of the company. That’s why we tailor our internal audit services to each client’s sector, size, risk appetite, and regulatory requirements.
We can conduct a full assessment and benchmarking of your organization’s internal audit processes and identify opportunities for improvement and cost reduction. We can then design and implement a practical plan for success, from individual projects to fully outsourced delivery.
Our internal auditing services are built on a combination of local knowledge and global expertise and resources. RSM Gibraltar is one of over 120 risk management consultancy firms in RSM’s global network and shares the group’s vision and commitment to best practices.
So, whatever your organization’s needs, contact us to learn how we can help transform your internal audit department.
Our internal audit solutions
There are many ways we can carry out critical business assessments and work with you to sharpen your internal audit function.
For businesses establishing an audit function for the first time, we can work with the board to design and implement a program that will adhere to best practice from the start. If your business already has some skills and resources in internal auditing, we can provide supplementary expertise where needed.
In terms of specific regulatory risk, Solvency II has had a profound impact on insurance companies. It has set out a new governance system and requires the creation of an adequate risk management system.
In light of Solvency II, we can assist you in the following:
- Assessing the various systems and functions under Solvency II e.g., corporate governance, risk management, and compliance
- Providing Solvency II-related advice by reporting our results and recommendations to management and the board
- Monitoring the implementation of corrective action plans
Partner with our internal audit experts
Internal auditing is a vital component of business diagnostics. Our experts have the necessary experience to provide you with full confidence in your systems of governance, risk management, and control.