Effective internal audit functions require a diversity of skills that many companies find difficult to source and retain. Maintaining internal audit resources requires significant investment in recruiting, training and professionally developing internal audit personnel that small and medium sized organization find difficult to afford.
To help companies meet the demands of maintaining an effective internal audit function, BSNS Consulting has developed its Internal Audit Services (IAS) Outsourcing department that serves its clients at very low cost and with greater efficiency and effectiveness. With our people, methodologies and technology we are able to solve all the internal audit needs of any organisation.
BSNS Consulting offers following models to organisations for their internal audit function:
- Full Outsourcing – Execution of a full scope, risk-focused internal audit plan outsourced to BSNS Consulting. A designated in-house contact, who reports to the Board of Directors, acts as the liaison with BSNS Consulting.
- Co-sourcing – Adopts a similar overall approach as the full outsourcing model, but the execution of the audit plan is shared between BSNS Consulting and the organisation. Usually, we handle specialised areas or those that are more cost effective to outsource. These areas include computer security auditing, special investigations, financial or operational auditing. This eliminates the need for the organisation to recruit expertise that is difficult and sometimes relatively expensive to retain and maintain.