Doing business involves taking risks and managing risks. More and more organisations use internal audits, not only as a control instrument for the effectiveness and efficiency of their risk management, but also as a way to create value. making the internal audit an important tool for (risk) management in the wider sense.

At BDO we applaud this development. We believe that internal audit functions not only offer organisations extra security, but also take their operations to a higher level. An independent, objective and honourable internal auditor is like having another pair of eyes and ears from the board and senior management. His positive and critical view as an outsider will undoubtedly contribute to organisational goals.

Active collaboration

As a trusted adviser, BDO can help you set up, structure and implement an internal audit function. We not only identify issues, but also work actively with your management to implement tailor-made solutions and controls. Support we provide includes:

Setting up and improving your internal audit function;
Implementation of internal audit related activities in various collaborations, for example Outsourcing, Co-Sourcing or Partnering;
Implementation of Quality Assurance Reviews, both internally and externally;
Assessment and improvement of (operational) processes;
Advising the Audit Committee or the Supervisory Board;
At BDO we use a hands-on approach and involve you closely in the work we do. Each BDO adviser has access to our global network of professionals.

Innovative approach

BDO provides innovative elements giving added value to your internal audit function. For example, the risk appetite, the maximum level of risk your organisation is willing to take, is an important criterion for us in every internal audit. Other standard elements of our approach are:

Risk Based Performance Management (integration and coordination of strategy and risk management on the basis of your risk appetite);
Involving soft controls, culture and behaviour in the preparation of audit plans and implementing audit assignments;
Use of modern automations technology such as data analytics and process mining.
Quality assurance review before, during and after implementation of internal audits to evaluate, guarantee and, where necessary, improve the quality of the audit function;
Configure and implement Pentana Vision, one of the most advanced audit (and risk) management systems of today.

Contact

If you would like to know how BDO can help you with your internal audit function? Please contact one of our specialists without any obligation.