PracticeConsultingOutsourcing internal audit

Outsourcing internal audit

I was interested to see the concerns expressed by Gill Bolton and David Brillant regarding the companies who choose to outsource their internal audit functions.

Outsourcing triggers conflict of interest fears

We, and an increasing number of organisations believe that outsourcing the internal audit function offers many benefits. Indeed, far from being ‘difficult to get the same quality of service’, outsourcing to an internal specialist can provide increased risk coverage, access to specialist resources and certainty of delivery through service levels.

At Ernst & Young we have made and continue to make a significant investment in our global internal audit practice. This investment has been focused on developing tools, methodologies and technologies to help our clients make a step change in their internal audit provision and to provide access to a wealth of knowledge. While we would never claim to understand a company better than those who work to it, we believe we can offer better internal audit services and solutions than many in – house internal audit teams.

Alec McGuinness
UK Head of Internal Audit Outsourcing

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