Internal Audit Outsourcing
When is it reasonable to outsource the IA function?
Do you have the capacity and desire to perform the internal audit function satisfactorily, in addition to running your business? Are you navigating a critical time or situation in your business?
Even in a best-case scenario, internal auditors face a difficult regulatory environment and the significant risks associated with increasingly complex technology. Certain factors further stress internal resources and often contribute to a decision to outsource the internal audit function:
- You experience difficulty monitoring controls in the organization
- Your business undergoes increasing geographic dispersion
- Your control environment becomes more complex
- Your information systems become more complex
- Your business is facing increasing competition
- You’ve made recent acquisitions
- Your company goes public
- Rapid growth
What Schneider Downs offers as an internal audit outsourcer goes beyond traditional services. We can assume the entire internal audit function, and we can work with you to streamline controls into processes that serve your business goals and mitigate risks into the future.