Internal Audit

Date : 13/12/2014

Internal Audit


At PinnacleConsulting Firm we have a wealth of experience of internal audit. We understand that your internal audit will depend on the nature, scale and complexity of your organisation and the range of its operations. At Pinnacle Consulting Firm we do not believe in a ‘one size fits all approach’ - every business is unique.

Our tailored internal audit work can include:

Ø  reviewing your existing internal audit function to ensure compliance with all regulations (FSA, Sarbanes-Oxley, Department of General Services) and ensure best practice

Ø  advising on the options and arrangements available for your internal audit

Ø  acting as your outsourced internal audit function

Ø  developing risk based internal audit strategies and work plans

Ø  advising on how to improve your internal audit methodology


We get to know your business with a thorough understanding of:

Ø  your organisation’s objectives and performance targets

Ø  your organisation’s operations, systems, structures and regulatory environment

Ø  your organisation’s risk assessment process

Ø  your internal control system and risk response mechanisms

Ø  the sources by which the board receives assurance over risk management, internal control and governance

Ø  the board’s immediate priorities

We can provide the following levels of service:

Fully outsourced 

Our Insurance Governance, Risk and Internal Controls (GRIC Insurance) team can complete whole assignments for you. We will plan and prepare for each review,complete the on-site fieldwork and provide the findings of our work.

Team substitutions 

Prior to audit planning we can provide a team of specialists, including partner and managers.

Manpower substitutions

Pinnacle can provide you with individuals experienced in carrying out internal audits. They will complement your in-house team and take direction and guidance from your managers. The grade and experience of staff will be tailored to yourneeds.

Review and recommend 

Where your management time is limited, we can manage your team, review draft reports and communicate the reported issues to your audit committee.

The benefits of outsourcing or co-outsourcing your internal audit will mean:

Ø  value for money and peace of mind

Ø  ongoing improvements in your service

Ø  identification of risks 

Ø  compliance with legislation, regulation and best practice

Ø  sound governance 

Ø  strengthening overall controls to manage risk

Ø  enhanced early warning mechanisms

Ø  removal of unneeded systems

positive effects on your shareholder value