Internal Audit Solutions

Internal Audit has been recognised as one of the four cornerstones of good corporate governance for organisations.  It is therefore essential that your internal audit function is working to the highest possible standards.  Governments around the world, including those in the USA, UK and the European Union have all recognised that International Standards for the Professional Practice of Internal Auditing, produced by the Institute of Internal Auditors (IIA), is the appropriate set of standards for the internal audit profession. 

ACCA, the world's largest accountancy body, also recognises the importance of the IIA standards and strongly advises its members that any internal audit work they conduct should be performed in accordance with the IIA's International Standards for the Professional Practice of Internal Auditing and the IIA's Professional Practices Framework.

First Governance Solutions offer clients professional staff who are hold the IIA qualification and are therefore appropriately certified to provide internal audit services that adhere to the global standards.

Our internal audit solutions include -

Provision of Contract Staff: We can provide experienced contract staff to work under your direct supervision and control.  One of the main differences our services offer is that you have access to senior staff who are able to work to a high standard from the start of the engagement.  We can provide staff for short or medium term contracts.

Outsourced Internal Audit Service: We can provide a full internal audit service for those organisations that want to source their internal audit function externally.  This includes a full assessment of risks and the preparation of a strategic plans for the function.  We will work to sector specific standards, as well as to the IIA standards.

Internal Audit Training: We can provide an extensive range of bespoke training courses to suit staff in your organisation.  We are also happy to work with Professional bodies, Universities and Colleges who require speakers or lecturing staff on governance, risk and internal auditing courses.

Internal Audit Management: We can provide interim management of your internal audit function.

Coaching and Development: We can work with your internal audit management team, providing a coaching and mentoring service.

Internal Audit Procedures: We can assist in the development of your internal procedures, including the development of your internal audit methodology and drafting of an internal audit manual.

Quality Review: We can undertake benchmarking exercises to review your internal audit function against our knowledge of recognised best practice and the IIA standards.