Internal Audit

Internal audit plays a critical role in providing objective assurance that protects the business against risk, informs strategic decision making and improves its performance. However, many organizations do not have an internal audit function with sufficient expertise to step up to the challenge.

We help companies improve the value and performance of the internal audit function by providing solutions tailored to their needs. Whether you need outsourcing/co-sourcing, internal audit transformation or internal audit start-up assistance, we bring extensive knowledge of internal audit, along with sector specialists who know your industry and its technical risk areas.

Potential issues

• Your internal audit function has insufficient resource to cover the geographical spread of    your organization.
• You want to improve your internal audit function to keep pace with changing risks.
• You want to assess the effectiveness of your risk management, internal audit and corporate    governance procedures.
• You need assurance that your processes and controls effectively manage your business    risks.
• You are concerned about finding sufficient or specialized talent to audit complex areas.
• You need advice on how to align the work of the internal audit function with your    organization’s strategic objectives.

How we can support you

• Assess whether your internal audit function is delivering effectively to stakeholders.
• Provide reassurance that your internal audit, risk management and corporate governance    procedures are operating effectively.
• Advise on the development of internal audit and risk management methodologies that align    with strategic business objectives.
• Access to specialist internal audit skills using a consistent approach on a global basis.
• Provide internal audit resourcing solutions, including full outsourcing or by complementing    in-house functions with specialist skills or geographical coverage.

Kcbc Partners internal audit services include:

• Internal audit outsourcing - an outsourced service provided through a combination of a   dedicated, core delivery service team and a virtual team comprising the broadest range of   specialists.
• Internal audit co-sourcing - in our co-sourcing arrangements, we work in partnership with our   clients, taking a variety of roles and responsibilities, but overall reporting into the head of   internal audit.
• Internal audit effectiveness reviews.
• Advisory services related to any aspect of internal audit including methodology and tools
• Training services.

Independent Controls and Process Assurance

For organizations that require an independent evaluation of processes and related controls, KCBC Partners advises management on:

• Overall Management controls
• Assurance regarding business processes, systems, data and technology management
• Traditional third party assurance

Our services enable organizations to gain comfort that their systems, processes and risk management procedures are operating effectively within a well-controlled environment. Our services enable organizations to gain comfort that their systems, processes and risk management procedures are operating effectively within a well-controlled environment.
For further information, or if you would like one of our assurance professionals to contact you, please click here to contact us.

Sustainability

For companies looking to improve their business performance and create long-term shareholder value, KCBC Partners help by developing sustainability strategy, performance management and reporting solutions.

We assist our clients in the areas of corporate governance and business ethics, environmental health and safety management, social responsibility, strategy and economics, responsible supply-chain management, and reporting and assurance of non-financial information.

Potential issues

• You need to understand your key corporate responsibility/sustainability issues and their    social, environmental and economic impact.
• You are concerned about the impact of social, environmental or ethical issues on your brands    or overall reputation.
• You need to understand who your key stakeholders are and to develop a stakeholder    engagement programme.
• You need to develop or improve your corporate responsibility/sustainability.
• Governance structure.
• Policy framework.
• Risk management processes, including supply chains.
• Performance measurement framework and reporting systems and processes .

• You need independent assurance to:
• Provide an assessment of the quality of your management systems and performance data   and/or to support your internal audit programme
• Add credibility to the published information in your sustainability or corporate responsibility    report.

• You are making a new investment, or divesting part of your business, and need due diligence   work to be carried out to determine the nature and extent of any environmental/health and   safety liabilities
• You need to develop a carbon strategy, identifying ways to reduce your direct and indirect   carbon emissions and defining your approach to carbon trading.

How we can support you

• Helping you develop a corporate responsibility / sustainability strategy that is focused on key    issues for your business and its stakeholders and adding social, environmental and economic    value.
• Assessing sources of reputational risk and implementing measures to mitigate these risks.
• Improve understanding of how your sustainability reporting and/or performance measures up    against your own standards, your peers and best practice.
• Enhanced relationships with key stakeholder groups.
• Better management of corporate responsibility / sustainability risks and opportunities.

KCBC Partners sustainability services include
• Sustainability assurance
• Sustainability advice
• Supply chain integrity
• Transaction support – environmental/health and safety
• Climate change services