Internal audits

For a long time now, white-collar crime such as corruption and embezzlement have become an annoying reality in many firms and have given cause for bad publicity. In many cases it is not the actual loss from the crime itself but the tarnished image that represents the main loss for the company. Correspondingly, the leaders of a company are under increasing public and legislative pressure to set up a functioning risk management system with a full set of controls and monitoring instruments. Protecting the company’s financial base is one of the most important duties of companies and its directors and officers. In light of this, the internal audit is becoming an increasingly vital extension of management, not least because of its preventive function.

However, for cost reasons it can make sense, particularly for small and medium-sized enterprises, not to set up an internal audit with highly paid personnel but to assign this task to external consultants. The costs associated with such outsourcing can be planned and allow the use of experienced specialists. Other advantages:

• Outsourcing ensures the independence and objectivity of the internal audit.
• The high degree of professionalism will ensure a very efficient workflow for the audit and prompt communication of relevant information to management.
• Benchmarks and best practices as well as synergies that result from the experience of our experts will be used to your advantage.
• If there is a need to conduct an ad hoc audit, you can rely on a prompt, flexible and competent response from our firm.

Our experience will guarantee that a reasonable approach is always taken, despite the complexity of internal audits that, moreover, are not always free of conflict.