Balancing budget pressures and increased enterprise risk
The imperative to improve corporate governance and enterprise risk management is more pressing than ever. Amidst the tough economic conditions, internal audit functions are presented with the challenge of “gaining more from less.” How can audit scope be enlarged when budgets are expected to decline or remain stagnant? The way forward lies in transformation, achievable through a shift in the audit support paradigm. There is a new model for Internal Audit Support. Capgemini has developed a service for an effective and sustainable internal audit function that addresses the challenge of “gaining more from less.” By employing high quality, skilled consultants operating from low-cost bases the audit service can be either supported or fully outsourced. The work is delivered cost effectively as compared with using high-cost external consultants or captive internal audit teams based in high-cost locations. The new model can simultaneously add value.