Luxembourg

Internal Audit Services 

New demands from the board, senior organizational leaders and regulators are requiring internal audit functions to refocus their efforts beyond regulatory compliance issues. Many leaders and regulators have recognized the need for internal audit to play an expanded role that builds on its historic focus on value preservation – a control focus- to encompass activities related to value creation – a performance focus.

Ravi Beegun
Partner
Tel. + 352 22 51 51 - 6248

ravi.beegun@kpmg.lu

Issues and insights

Management expectations

Management today is no longer satisfied with internal auditors who merely perform financial and compliance audits. Business leaders now demand that the internal audit function continuously demonstrates that it adds value to the organization.

 

Providing assurance

Assurance must be provided to management and the organization’s shareholders that critical business issues as well as existing and potential risks are being effectively controlled; opportunities are identified and capitalized upon; that potential losses and fraud can be prevented - not just detected after the fact.

 

Meeting the requirements

Services which meet both regulatory and organizational requirements add value to the organization and continuously improve the business strategies of management, while still addressing the traditional compliance and financial areas and are the type of services which will be prevailing going forward.

 

How we can help

 

  • Internal Audit Outsourcing and Co-sourcing
  • Assistance with set up and functioning of Internal Audit Function
  • External Quality Assessment of Internal Audit
  • IT audit services
  • Enterprise Risk Management
  • Audit Committee setup and performance review

Get in touch with KPMG

  • Subscribe to related feeds

    		•