For Your Internal Audit Department
Focus on Risk Enterprises’ (FORE) summary of services and products relate directly to the issues Internal Auditors face in today's business world. All our services and products are designed to help you accomplish one overriding objective:
Improve controls in your business and processes and
cut costs SIMULTANEOUSLY!
Traditional business control and audit processes won't achieve reduced costs while adding value and productivity to your audit team. If your internal audit department has based its approach on public accounting’s billable hours model, you are setting yourself up for failure. Internal audit is an overhead cost and more hours mean more cost to the company. The higher your department’s cost, the harder it is to demonstrate value to the business. Internal audit must do audits efficiently and effectively to demonstrate value. No other department in the business world measures their value based on billable hours!
There is a natural tendency to suggest increased controls, especially when those who suggest the additional controls are not the ones who have to pay the cost of the implementation and maintenance of the controls. It has become obvious that in today’s business environment of constant cost reductions, traditional audit and control thinking that results in increased costs is of no value to you or your company.
If the following themes resonate with you, click on the links to find out more:
• "We struggle to demonstrate value to our executives…"
• "We are under constant pressure to cut costs. We have fewer auditors but have the same volume of audits to complete."
• "We struggle to find consistent, quality training."
Risk Based Integrated Auditing's (RBIA) methodology utilizes an enterprise-wide risk assessment process. This methodology will ensure your internal audit team focuses on the issues that are important to executives and audit committees - not just auditors.
RBIA ensures you have your limited audit resources focused on what matters most to meet the company’s key success objectives. Therefore, you can provide more value with fewer resources. You can demonstrate to your executives how the internal audit team is a critical partner in company’s success.
RBIA's unique methodology meets IIA standards and is NASBE certified.
Click here to take our Audit Value Quiz to see how much value your Internal Audit team is creating for your company.
Click here to see how you can determine how well your auditors learned RBIA.
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