Internal Audit Sourcing

Expertise and Technology for Specific Needs

Many organizations find it cost-prohibitive to staff an internal audit function and/or maintain the various necessary skills required to meet the challenges facing internal audit and the business. Specific considerations that contribute to the decision to outsource or co-source internal audit include:

  • Geographic dispersion
  • Business environment complexity
  • Complex information systems
  • Increasing competition for internal audit resources
  • Regulatory demands
  • Rapid growth
  • Stakeholder expectations

Schneider Downs is positioned to provide internal audit support, from staff augmentation to full outsourcing. We work closely with internal audit functions, management and Audit Committees to achieve the scope of coverage organizations require. In a co-sourcing arrangement, we partner with your professionals to fill problematic gaps in your internal audit function, in order to mitigate exposure to crucial areas requiring attention beyond your reach.

case studies

 
big problem:
A not-for-profit client out of 401(k) compliance.
big thinking:
Allowing more contributions by highly paid employees.
 
big problem:
Hackers attempting a six-figure wire transfer.
big thinking:
Rapid action spearheaded active containment and response.

our thoughts on

National Flood Insurance Program Extension

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Continued Compliance with CAISO SQMD Requirements in Non-Reporting Years

Is your utility company ensuring continued compliance with the CAISO SQMD requirements during non-reporting years? With the California Independent System

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Bill S. 1564 Calls for Delay of CECL Implementation Until a Quantitative Economic Impact Study is Completed

The Financial Accounting Standards Board (FASB) issued a new expected credit loss accounting standard in June 2016. This new standard introduces the current

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Artificial Intelligence in Higher Education

Before you finish typing a key word in the search bar, it may appear as if your thoughts have been predicted. Artificial intelligence (AI) and machine

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Why Higher Education Institutions Must Comply with GDPR

The EU General Data Protection Regulation (GDPR) has been in effect for 10 months. One sector that has been affected by the newly enforced regulation,

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contact us

Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

contactsd@schneiderdowns.com
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

contactsd@schneiderdowns.com
p:614.621.4060     f:614.621.4062