Internal Audit Outsourcing & Co-sourcing

Consider the following in relation to your company:

1. Does your company want the benefits of the independent internal audit assessments without the overhead of full-time staff?
2. Do you have crunch times, such as year-end SOX testing where you need some additional staff for several weeks?
3. Do you have specialized needs for skills in areas such as enterprise risk management, IT auditing, or risk/fraud assessments?
4. Do you have needs for specialists for only several weeks?
5. Does your Internal Audit department lack the independence to comply with IIA Standard 2110 on Governance? Can you effectively report on your governance processes?

If you answered yes to any of the above questions, outsourcing or co-sourcing internal audit staff may be your answer.

Why is this important?

Internal auditing is more than just a policing operation. Now more than ever, the demands of modern business require an organization to be customer-focused while always ensuring that management controls and due diligence requirements are constantly monitored and enhanced.  As companies grow and economic conditions change, it has become more difficult to have an in-house department with all the skills needed to address all the internal audit needs of your organization.

Value to the Client

Internal Audit Outsourcing and Co-sourcing gives a company the opportunity to utilize an auditor with specialized skills to help add value to the organization. Outsourced and co-sourced staff can transfer knowledge to the internal staff and recommend efficiency improvements. Your company can also benefit from the sharing of resources and tools. Whether you are looking for a new viewpoint or the ability to cover unexpected staffing needs outsourcing or co-sourcing might be the solution for you.

Why hire M&A?

At McKonly & Asbury, we have a team of professionals with Internal Audit and specialized skills experience that rivals any large international firm. Our team of certified, experienced professionals can assist you in outsourcing or co-sourcing this vital corporate function while maintaining the independence that your Internal Audit function requires. We use the latest audit technologies to improve efficiencies, increase accountability, and provide outstanding service.

McKonly & Asbury has performed internal audit outsourcing and co-sourcing for Fortune 1000 companies and served clients in a wide range of industries from insurance to manufacturing to the hospitality industry.

Contact the M&A Risk Management Services Team at ENissley@macpas.com for more details, and subscribe to The RMC Advisors blog at www.theRMCadvisors.com to receive updates on relevant accounting and audit information!