Internal Audits and Reviews

Our multidisciplinary teams of professionals experienced in financial and operational internal auditing, Information technology cybersecurity, and fraud analytics will help augment and enhance an organizations’ existing internal audit capabilities. Our teams will work with internal audit directors and audit committees to develop a quality internal audit function that delivers strategic business assurance, identifies business opportunities, and enhances organizational value.

An information systems audit is an examination of the management controls within an information technology infrastructure and IT processes.

Due to the ever-increasing complexity of technologies and in turn IT Audit functions, there is a need for several specialized IT auditors with expertise in specific areas, and IT internal audit departments are finding it difficult to staff IT auditors.

The potentially catastrophic events such as losing data, loss of systems for an extended period, malware, hackers, etc. pose a serious threat to organizations that are investing billions of dollars in their computer systems, databases, etc. This dependence on complex computing and large-scale data schemes has led organizations around the globe to recognize how IT auditors can help them understand the constantly shifting risks of the information age. IT auditors follow all the same ethical and independence parameters as financial auditors, but their focus is on the governance of IT systems and processes.

Internal audit co-sourcing: e-InnoSec co-sourcing engagements are recurring in nature, and our internal audit technical and expert resources are available on-demand to support your initiatives as needed.

Internal audit effectiveness reviews (QARs): The Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing requires companies to conduct an independent quality assessment of their internal audit function at least once every five years. The e-InnoSec team has performed QAR audits for large as well as midsize clients.

Internal audit expertise/SME sourcing: Subject Matter Expertise sourcing represents specific individual engagements where the client requires specialist skills and expertise. The e-InnoSec team of professionals either conducts the entire project on behalf of the client or specialist resources work with the client team to deliver the internal audit engagement.

Internal audit loan staffing: e-InnoSec provides your business with highly skilled professionals well-matched to your unique hiring needs, for both on-site or remote work. The internal audit resources work under your direction, and there is no e-InnoSec management oversight visible to the member firm client and no review of any working papers.

Internal audit transformation: The accelerating pace of change for companies due to innovations and emerging technologies often creates or widens gaps between what the internal audit (IA) function delivers and what its stakeholders expect. e-InnoSec professionals assist an internal audit function to evolve and transform to become more effective and deliver increased value. Areas of focus may include but are not limited to, methodology, team matters, use of technology, and internal audit reporting.

Internal audit advisory: The services include consulting advice or training. Typically, the assignments are to assist organizations with internal audit services not captured by one of the other highlighted solution areas.