Internal Audit

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Maximising the value of the internal audit

We help you create a future-facing Internal Audit function that enhances value for you

In the context of a dinamic and continuous changing business enviroment, our approach to internal audit focuses on helping clients to identify and prioritise enterprise risks that can impact shareholder value and building and executing audit plans that address the most critical risks, in order to sharpen the focus on value-adding processes.

Our objective is to enable our internal audit clients to play a higher-value, more strategic role in their organisations.

How we can help overcome your Internal Audit function challenges

  • Staffing shortage and lack of expertise?

  1. Co-sourcing: Specialist resource or technical assistance to support an existing internal audit function to perform a risk assessment and specific projects;
  2. Conformity with OUG 75/1999: takeover of  the Internal Auditor’s role by a PwC expert, member of the Institute of the Internal Auditors;
  3. Training: Provide internal control and internal audit training, including professional CIA qualification studies.
  • Lack of Internal Audit function?
  1. Outsourcing: Full and continuous outsourcing of an organisation’s internal audit function;
  2. Set Up: Assistance to set up and establish a cost effective and quality focused internal audit function.
  • Insufficient working practices and methodology?
  1. Quality Assurance: Perform an independent quality assurance review of an organisation’s in-house internal audit function to assess compliance with IIA Standards and industry benchmarks.
  2. Function Optimisation: Benchmark and improve the effectiveness and performance of an internal audit function;
  3. Methodology: Enhance internal audit methodologies and manuals to improve consistency of audit execution and use of best practices.
  • Excessive costs and lack of efficiency?
  1. Risk assessment and planning: Perform risk assessments and develop strategic and annual audit plans to raise the level of internal audit performance.
  2. KPI: Enhance metrics and balanced scorecards to measure results and drive continuous improvement.

Our core team consists of a number of specialists having experience in many industries. Members of our team hold professional qualifications including CIA, CISA, ACCA and are members of the Institute of the Internal Auditors.  We are actively participating in development of Internal Audit profession in Bulgaria by presenting at conferences, writing articles and organising events for clients.