Internal Audit

The audit and assurance team provides the following internal audit services:

  • Internal Audit Projects - specific engagements focusing audit delivery on specific high risk areas of your organisation, or to respond to emerging risks. We can assist in identifying these areas and tailor an the internal audit fieldwork to addresses these key risks.
  • Co-sourced Internal Audit Services where AAB is contracted to assist the in-house team on joint engagements; affording in-house internal audit functions the flexibility to increase capacity and/or specialist expertise to deliver the annual audit plan, whilst still retaining control over audit activities. 
  • Outsourced Internal Audit Services where AAB fulfils the role of Head of Internal Audit. This includes forming the risk-based audit plan, conducting fieldwork to address the risks, reporting to Those Charged With Governance and forming an annual opinion on the effectiveness of governance and controls. Key benefits are in respect of availability of expert resource on a cost effective basis, with audit plans scaled to reflect the risks and budgets of the organisation.
  • Risk Management Services – supporting organisations in developing effective risk management policies and procedures. This typically involves facilitating risk workshops with management and Boards, helping form risk registers and preparing assurance maps to identify areas of missing assurance or duplicated assurance.

The team have extensive experience carrying out the above services, and are led by Andy Shaw who has fulfilled the role of Head of Internal Audit for many of Scotland’s public sector bodies, higher education institutions and charities.

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

Forensic Investigations

Projects conducted by internal audit and forensic professionals, to respond to suspected fraudulent activity.  The investigations are formed to support remediation of weaknesses and to fully understand the circumstances of the potential fraud.

The plus factor in action

"For me, business is all about relationships, and the quality ...

Online Electronics Limited

Read More...

"AAB's expertise in the complex topic of Disguised Remuneration and ...

Alan Pearson, Chief Financial Officer, T…

Read More...

"Over the last 7 years I have used AAB for ...

K & L Ross

Read More...

"We have confidence in being able to approach AAB on ...

Maxoil Process Solutions

Read More...

"AAB have worked closely with us from the beginning of ...

StormGeo

Read More...

"Anderson Anderson and Brown LLP have been our accountants for ...

Thorpe Molloy Limited

Read More...

"I would have no hesitation in recommending AAB's audit team ...

Scientific Drilling International Limite…

Read More...

"Anderson Anderson Brown have provided a range of services to ...

Aberdeen Housing Partnership

Read More...

"Anderson Anderson & Brown LLP, who have been undertaking audit ...

University of Aberdeen

Read More...

"AAB have provided a comprehensive auditing, taxation and advisory ...

Petroleum Pipe Group

Read More...

We have a long term relationship with Anderson Anderson & ...

STATS UK Ltd

Read More...

"Anderson Anderson & Brown have been our auditors and corporate ...

Nor Sea Foods Ltd International Fish Can…

Read More...

"AAB have acted as tax advisers to our family and ...

McIntosh Plant Hire

Read More...

"I have confidence in AAB carrying out a robust audit ...

NorDan

Read More...

"As a growing organisation, we felt it was important that ...

Prodrill

Read More...

“AAB have provided an efficient, professional service to our business ...

Finance Controller, Multinational Energy…

Read More...

The plus factor in action

Background Adapting our audit plan due to the COVID-19 pandemic. Prior to ...

Oil & Gas - E&P: Case Study 6

Read More...

Background In 2019 we mobilised at short notice a team to ...

Oil & Gas - E&P: Case Study 5

Read More...

Background The UK subsidiaries of a global weather forecasting and decision ...

Technology & Media: Case Study 2

Read More...

Background Company with an overseas parent, which provides sales, rental and ...

Engineering & Manufacturing: Case St…

Read More...

Background A UK energy company requiring tax compliance advice for their ...

Oil & Gas - E&P: Case Study 3

Read More...

Background A legal firm disposing of their business requiring Corporate Finance ...

Professional Services: Case Study 2

Read More...

Background A professional services LLP weighing the benefits of transferring their ...

Professional Services: Case Study 1

Read More...

Background Specialist lender and savings bank offering products to SME’s, homeowners ...

Financial Services: Case Study 1

Read More...

Background We were approached by an established E&P operator with assets ...

Oil & Gas - E&P: Case Study 4

Read More...

Background UK Motor retail group operating a nationwide chain of franchised ...

Leisure, Retail & Hospitality: Case …

Read More...

Background A local headquartered business providing building and facilities maintenance and ...

Facilities Management : Case Study 2

Read More...

Background Our client commenced in business as a property developer. Over ...

Construction & Property: Case Study …

Read More...

Background A local corporate property developer was approached to sell a ...

Construction & Property: Case Study …

Read More...

Background AAB were engaged to assist a trust that owned and ...

Public Sector: Case Study 1

Read More...

Background Preparation of detailed financial projections for a housing association in ...

Social Housing: Case Study 1

Read More...

Background The Corporate Finance team supported an existing client of the ...

Technology & Media: Case Study 1

Read More...

Background A family led estate with a traditional mix of forestry ...

Rural: Case Study 1

Read More...

Background A new charity requiring support after a period of change ...

Charities: Case Study 2

Read More...

Background An existing charity client going through a transition period after ...

Charities: Case Study 1

Read More...

Background One of the world’s largest window covering companies based in ...

Construction & Property: Case Study …

Read More...