Internal Audit

Internal Audit Delivery

We believe that planning is a key phase of any audit assignment. To ensure the successful execution of your internal audit, we allocate 15-25% of our budgeted hours towards the planning stage.

Our team of experienced subject matter experts work with you to determine the audit topics covered, tailoring them to suit the specific requirements of your business. All our delivery methodology uses the Institute of Internal Auditors, IPPF as the basis for our approach to planning and delivering your internal audit.

Depending on the specific topics covered by your audit, we may also use a range of other standards and better practice guidance in addition to the IPPF including:

• The Accounting Professional & Ethics Standards Board (APESB) APES210 Conformity with Auditing and Accounting Standards
• The Australian Standards for Assurance Engagements (ASAE) issued by the Auditing and Assurance Standards Board
• Standards and better practice guidance issued by the Institute of Chartered Accountants – Australia and New Zealand and the CPA Australia
• Joint Australia / New Zealand Standards issued by Standards Australia and those of the International Organization for Standardization (ISO)
• Standards and better practice guidance issued by Information Systems and Audit Control Association
• Controls Frameworks such as Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the International Association of Certified Fraud Examiners