Internal audit

Strengthening compliance and increasing confidence

Internal audit solutions tailored for your business

Internal audit is a critical function of a growing business that helps reduce risk in key business functions and uncovers opportunities to find hidden value in managing risk. But many middle market organizations find it challenging to build or sustain a high-performing internal audit function because of competition for top talent, the need for diverse skill sets as the risk landscape evolves, rising compensation, benefits costs or other factors.

To close the gaps, RSM advisors specialize in upskilling your internal audit function and shifting your internal audit efforts from a reactive to a proactive approach. Our advisors work alongside the chief audit executive (CAE) to meet internal audit’s strategic objectives and help you extract increased value out of internal audit. And we can help modernize your approach with recommendations for the tools and technology that make the most sense for your organization.

RSM internal audit advisors have extensive experience and deep knowledge across several industries, including:

  • Consumer products
  • Financial institutions
  • Health care
  • Industrials
  • Life sciences
  • Private equity
  • Public sector
  • Real estate
  • Technology, media and telecom

Whether you are looking for fully outsourced internal audit services, a co-sourcing arrangement or a managed services approach, our internal audit team will build solutions that make sense for your business.

Fully outsourced internal audit services

Your entire internal audit function is outsourced. Your organization retains control of your internal audit function.

Co-sourcing solutions

Part of your internal audit function is outsourced. Your organization and RSM share control of your internal audit function.

Managed internal audit services

This is a comprehensive solution for managing your internal audit function. Your organization gains additional and ongoing strategic advisory to supplement internal audit project support.

Delivering value beyond compliance

At a time when the pace of change within companies has never been greater, experienced RSM advisors provide an outside-in perspective that gives your organization a competitive advantage and facilitates growth. Beyond basic compliance and greater operational efficiency, our strategic perspective on internal audit translates into added value for your organization.

In every engagement, we work to understand your overall organizational strategy and then tailor an internal audit program that meets your organization’s specific needs, all while maintaining our independence. To help build consensus across your organization, our advisors will then communicate the value of internal audit to leadership, audit committees and boards of directors. And because of our deep roster of industry-aligned advisors with CAE-equivalent experience, we are often able to deliver projects that uncover unexpected value during internal audit engagements.

Whatever the state of your current internal audit function, RSM advisors add value to your organization and support your key business objectives.

The power of RSM goes beyond internal audit. As a client, you’ll have the entire firm behind you. Our deep bench of trusted advisors offers just-in-time subject matter knowledge for a broad range of specialties, including:

  • Business continuity
  • Cloud infrastructure
  • Corporate development
  • Enterprise systems
  • Environmental, social and governance (ESG)
  • Enterprise resource planning (ERP) implementation
  • Financial planning and analysis (FP&A)
  • Human capital management
  • Security
  • Supply chain
  • Technical accounting
  • Third-party risk management

Internal audit services

RSM advisors work with you to identify solutions and achieve your objectives. Some of our services include:

  • Advising your management team to develop workable policies and procedures that enhance compliance
  • Providing advice on how to implement an effective and secure internal assurance mechanisms, right-sized for your unique organization
  • Advising on how to manage core operational risks, especially those related to the reliability of business operations
  • Assisting with linking operational strategies and risk performance measures to business goals
  • Assisting with change management and business awareness processes by transitioning from existing practices to more efficient and focused approaches through staff training
  • Evaluating the key structures, dynamics and processes required to underpin effective corporate governance

Explore more internal audit insights

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Material Observations: Insights on Internal Audit

Listen to our experts in this ongoing audio series addressing compelling topics and trends in modern internal audit.

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