Co-sourcing is an essential part of what makes many Internal Audit functions successful, providing access to a wide variety of skills, subject matter expertise and specialist insights. These are increasingly necessary to provide your stakeholders with assurance over the risks that matter yet many in-house teams find it challenging to acquire them. Co-sourcing can also support you in developing your staff’s potential by providing them important skills and experience which few in-house functions cannot maintain alone.

An outsourced team, aligned to your strategy, relevant to the issues you’re facing and armed with innovative techniques and technology, is capable of providing the insights, expertise and assurance you need to deliver against your objectives and meet the boards expectations. If you have an existing Internal Audit function it will, almost certainly have evolved over time but so too, has Internal Audit outsourcing. It’s time to reconsider whether specialist resources can give you the agility necessary to manage change and exploit the opportunities it presents.

Every successful business is supported by an effective and valued Internal Audit function. An Advisory team provides the impartial perspective of a third party which can be invaluable in helping you establish what good Internal Audit looks like for your organization. A broad overview of the profession and market place and deep subject matter and industry experience can help shape your vision and the steps you need to take to create or enhance your Internal Audit function.