Outsourced Internal Audit
Our audit team can also deliver a number of internal audit services;
- Subcontracting Internal Audit Projects - specific engagements focusing audit delivery on specific high risk areas of your business. We can assist in identifying these areas and tailor an internal audit project that addresses these key risks.
- Co-sourcing Internal Audit Services where AAB are contracted to assist the in-house team on joint engagements – affording in-house internal audit services the flexibility to increase capacity and/or expertise to deliver the annual audit plan, whilst still retaining control over audit activities
- Outsourcing Internal Audit Services – internal audit services are outsourced to AAB on a fixed term contract basis, offering cost benefits, efficiency savings and greater flexibility
Contract Health Check
- A discrete review of key contracts to provide management with the necessary assurance that the contract is operating as intended and the client is gaining maximum value from the contract terms.
- This may also take the form of a pre-contract audit review, providing clients with reasonable assurance that the contract will work as intended and that the suppliers systems are capable of producing the required information in an appropriate format.
Forensic Contract Audit
Our forensic contract audit service delivers a detailed review of our clients' contract terms & conditions with individual suppliers to ensure compliance.
Our approach will be tailored to focus on key risk areas, such as:
- expenditure levels against contract terms
- identification of potential compliance issues for risk mitigation purposes
- cost effectiveness and
- process improvement to make contract compliance more transparent
