We bring the required skills, experience and capacity to outsourcing clients' internal audit function. Internal audit is a core resource in the governance process, and we draw on our firm-wide specialist skills to bring a comprehensive solution to our clients, as well as providing independent assurance on critical business processes.

Full outsourcing includes the performance of all internal audit activities - including risk assessment, audit planning, performance, communication/ reporting - on a recurring basis. The client may have or may choose not to have a chief audit manager.

Co-sourcing is when we assist with in-house internal audit functions in the execution of their internal audit plans.

Quality Assessment Reviews: in our quality assessment process, we perform a comprehensive review of the overall effectiveness of a client's internal audit function. This would typically include:

• Compliance with professional standards;
• The effectiveness and efficiency of function activities;
• Organisation, resource and skill capabilities;
• Evaluation of stakeholder needs and fulfilment of those needs; and
• Identification of strengths and improvement opportunities that strategically position the internal audit function for on-going success.

Get up to speed with the new IIA standards

To help you stay ahead of the game, we've put together a comprehensive guide that breaks down the new standards structure, highlights the major changes, and explains what they mean for organisations.

PKF South Africa New Global Internal Audit Standards