Internal audit

Expert and flexible approach

The global financial crisis has led to greater focus on the importance of effective governance, risk management and internal control. Therefore, the role and importance of internal audit has increased.

PKF Littlejohn has developed an expert and flexible approach to delivering internal audit services to clients which adds value to their business.

Expert approach

PKF Littlejohn’s internal audit team of experienced professionals has in-depth knowledge of the key risks and challenges facing the sectors and clients that we work with.

Click here for further details of our internal audit team and here for further details of the sectors we work in.

Flexible approach

PKF Littlejohn provides internal audit services on a bespoke basis which recognise the different needs of clients. We work in a number of different ways:

  • Outsourcing – We act as the internal audit function working with management to develop risk based internal audit strategies and plans. Our expert teams, which are led by an experienced partner, execute these plans, reporting their findings to audit committees and making practical and value-adding recommendations.
  • Co-sourcing – We work alongside in-house internal audit teams to provide additional resources to assist with large or complex audits or to supplement  in-house internal audit teams at peak times to enable them to fulfil their internal audit plans. We can also provide expertise in areas where in-house internal audit teams may not have the relevant skills.
  • Consulting – We provide a range of consulting services to Heads of Internal Audit including:
    • Advising on whether their internal audit strategies and plans are appropriately risk based and comply with regulatory requirements and best practice
    • Assisting with risk and assurance mapping
    • Reviewing the effectiveness of internal audit functions
    • Providing expert advice throughout the course of particularly complex audits
    • Providing training to internal audit teams.
  • Secondments – We provide experienced internal audit staff to clients to work as an integral part of their in-house internal audit teams. The grade and experience of staff is tailored to client needs.

Other assurance services

In addition to internal audit, we provide other internal control assurance services including:

  • Sarbanes-Oxley compliance reviews
  • AAF 01/06 internal controls reviews