Internal Audit Support

Internal audit functions are faced with an increasingly challenging external environment driven by on-going regulatory change, macroeconomic factors and a competitive environment.

Set against this background, Internal Audit departments face pressure to deliver effective and timely audits that meet the Boards’ and regulators’ expectations.

Internal audit departments are responding in varied ways such as cross training resources, co-sourcing subject matter expert teams and through introduction of a new balance between real time auditing vs. post-implementation audits.

Avantage Reply can provide a wide range of internal audit and assurance initiatives within a number of areas:

• Risk (Credit, Market, Liquidity, Operational & Conduct)
• Compliance
• Finance (Capital Management & Regulatory Reporting)
• Treasury and Operations

Our companies within the wider Reply Group are also able to offer the expertise in digital, technology and data.

Our consultants possess both subject matter expertise in their chosen fields and extensive audit experience, enabling us to fully utilise our broad skill-set to support our clients' Internal Audit functions.

Our services

Internal Audit Co-Source

• Seconding consultants with a generalist banking Audit background to address short to medium-term resource gaps;
• Seconding Subject Matter Experts to deliver specialist Audits alongside clients' in-house teams;
• Delivering specific Audits or series of Audits as standalone engagements External Quality Assurance (EQA) & Methodology Enhancements;
• Formal EQA to assess effectiveness of Internal Audit function;
• Pre-EQA Review to highlight and address any areas of weakness outside of the formal EQA
• Methodology enhancements, for example utilising our Auditing Culture methodology

For additional details on issues that are impacting Internal Audit departments please follow this link to read our view of possible approaches and solutions.

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