BENEFITS OF INTERNAL  AUDIT

Provision of a general assurance role system process, transaction procedures and controls

Independent assessment on design and operating the effectiveness of internal controls

Helps to develop and promote a strong culture of internal controls

Confirmation of the organisation’s compliance with regulations, policies and procedures

Provision of advice on best practice

ADVANTAGES

✓ Company pays only for the time provided by the contractor

✓All related costs such as training, sick time, maternity leave, holiday pay etc, are direct costs of the contractor rather than the user

✓Professional standards and quality of work. Such standards would most likely not otherwise be attainable at a reasonable cost.

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