WHAT WE DO

Internal Audit and Advisory Services

KST’s internal audit services professionals take a strategic, industry-forward approach, enabling the board of directors, audit committee and senior leadership to prioritize resiliency and growth efforts while minimizing disruption. As clients face diminishing resources and staffing challenges, KST serves as a value-added extension of your internal audit capabilities, helping identify and mitigate risks and ensure effective internal controls now, for tomorrow.

We focus on risks at the strategic, operational, financial, social and organizational levels. We can help you determine if adopting agile auditing principles and methods could be a good complement to your organization’s current internal audit procedures and methods. Whether you need to augment your in-house internal audit team or seek a co-sourced/outsourced solution, you can count on KST for sound strategies, processes and recommendations that further the organization’s strategic objectives.

5 Key Benefits of Internal Audit Advisory Services

  1. Improve Risk Management: Internal audit advisory services help organizations identify and manage risks more effectively. By providing expert guidance on risk management frameworks, methodologies, and tools, these services can help organizations identify and prioritize risks, develop risk management strategies, and implement controls to mitigate risks.

  2. Enhance Internal Audit Effectiveness: Internal audit advisory services can help internal auditors improve their skills, knowledge, and processes. These services provide training and support to auditors, helping them develop better audit programs, identify key risks, and evaluate controls. This can lead to more effective audits, better risk management, and improved compliance.

  3. Increase Efficiency and Reduce Costs: Internal audit advisory services can help organizations streamline their audit processes and reduce costs. By providing expert guidance on audit planning, execution, and reporting, these services can help auditors complete audits more efficiently and effectively. This can save organizations time and money while improving the quality of their audits.

  4. Support Compliance Efforts: Internal audit advisory services can help organizations comply with laws, regulations, and industry standards. These services provide guidance on regulatory requirements, industry best practices, and internal policies and procedures. This can help organizations identify compliance risks, develop compliance programs, and implement controls to ensure compliance.

  5. Provide Objective, Independent Advice: Internal audit advisory services provide objective, independent advice to organizations. This can help organizations identify and address issues that may need to be noticed by internal staff or management. By providing an external perspective, these services can help organizations improve their audit processes and overall risk management.

 

Our internal audit offering includes:

Corporate Governance

  • Corporate Governance Assessments
  • Audit Committee Training and advisory
  • Board Committees Reviews

Enterprise Risk Management

  • Identification and Prioritization of Enterprise-wide Risks
  • Organization Risk Capabilities’ Assessment
  • Risk Training and Awareness
  • Risk Management Program Development

Internal Audit

  • Internal Audit outsourcing, co-sourcing and secondments
  • Quality Assurance Reviews
  • Internal Audit Transformation
  • High Value Auditing
  • Performance Auditing
  • Internal Audit Function Start-up Advice
  • Development of Internal Control Frameworks
  • Development of Control Self Assessments.
  • Internal audit staff training and development
  • Continuous auditing and monitoring

Regulatory and Compliance Management

  • Regulatory and Compliance Review
  • Compliance Framework Development
  • Continuous Regulatory Compliance Monitoring and Assessment
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