WoltersKluwer TeamMate

 

 

 

Value propositions internal audit

CAE, CFO/CEO, Supervisory Board & Audit committee

Your questions & needs

  • The costs of internal audit are too high.
  • How do you improve value to your management and supervisory board?
  • Where do you get audit staff?
  • How do you get true experts on specific area, such as IT, ESG, analytics?
  • How do you improve the job-satisfaction of your staff and increase retention?
  • You need an ad-interim CAE.
  • You are expecting increasing pressure on internal audit and need flexibility in skilled and experience people.
  • (External) stakeholders require an independent internal audit function.
  • How do you work together with risk management, internal control and compliance?
  • The control environment is complex and you need a vision and an action plan to align all governance bodies (business control, risk management, compliance and internal audit).
  • You require a (pre-)assessment on the quality or certification.
  • How do you transform to data-analytics, IT-audit or ESG-audits?
  • How are facing fraud issues?
  • How do you automate your audit processes and reporting.
  • You need to drive and manage control improvement, including awareness improvement, training, and project management.

Technology, specialist consulting & managed services

Our propositions

Our consulting services focus on strategy, governance, structure, policies, processes, people, and technology to help you optimize your internal audit function.

Vision, strategy & governance. We offer strategic consulting through workshops or coaching to define your vision, added value, planning, and maturity plateaus, resulting in a concrete improvement program. We also provide consulting to define effective integrated governance, including lines of defense, stakeholders, and communication.

Policies & procedures. You can co-source or fully outsource your internal audit function, and we can pre-assess and certify it. We provide hands-on consulting to set up your audit charter, methodology, and audit handbooks, build your (multi-year) audit plan, define your risk universe, track issues, use data analytics, and create audit test plans.

For integrated audit and risk departments, we offer risk assessments, controls documentation, controls treatment and testing, policies and procedures based on your vision, charter, strategy, and plan. We also provide repetitive internal audit support work as a managed service, with flexible Dutch and English-speaking audit staff at your location, our service centers, or in a hybrid model.

People & change. We offer high-quality audit specialists with expertise in areas such as ESG, data analysis, integrity, specific finance areas, fraud, integrity and culture, (J)SOx, and more. We also provide training and awareness programs for soft controls and integrity controls, as well as ad-interim audit directors and audit specialists. We support you throughout your whole change program.

Our technology services include help selecting technology to improve audit quality and lower costs, audit IT environments, SOx IT-controls, security, (SAP) authorizations, data privacy, and implementation of audit management software in an agile, timely, and fixed-price manner.

    Our solutions for the internal audit function

    Strategic internal audit adding value

    We support CAE’s to formulate their future vision and strategy and ways to added value. We use maturity modelling, horizon planning and plateau-thinking to support our clients all the way from initial workshops with board and committees, full project management and support, certification, towards building capabilities to be able to  continuous improve themselves.

    Please have a look at what best in class would look like addressing the top 20 trends and how we can support.

    read more.

    Audit management technology

    Our best practice audit management software (AMS) helps you to automate your audit process from risk assessment, audit execution, reporting and issue tracking with state-of-the art analytics, communication & collaboration, and GRC integration (API). The risk and controls functionalities help you to assess and document controls effectiveness. Our services include selection, implementation, optimisation, integration, and all managed services.

    Read more for our technology solutions.

    Internal audit specialist consulting

    Our internal audits specialists help to assess internal audit functions, improve towards best practice, and embed the new way-of-working. Besides this, we provide:

    • Hands-on advisory building charter, audit plan, methodology,  risk assessment,  handbook.
    • Content and frameworks.
    • Training and awareness.
    • Audit function pre-assessments and certification.
    • Reporting and dashboarding.
    • Quality assurance over your projects.

    Read more.

    Internal audit managed services

    For organisations without the right capabilities, or who want (fast) to outsource their (and improve) their internal audit function.

    • Out of Suriname. Both internal audit repetitive compliance (high quality and pre-accumulated audit files) and high skilled auditors.
    • Out of South Africa. Technology driven audits on (SAP) authorisations, security, IAM auditing out of South Africa.

    Read more about our different models and your benefits.

    Flexible pool of internal auditors

    We provide (flexible) high skilled experienced audit staff:

    • Ad-interim Chief Audit Executive.
    • To support you in performing your audits. Capability areas include IT-security, IT-controls, integrity controls, culture, specific regulations, such as SOx, ESG, HSE, and fraud.
    • Audit specialists to perform quality assurance over your programs and projects.
    • Multiple options, including collaboration between clients.

    Read more.

    Your value

    Happy staff

    • We focus on your repetitive work,
    • Provide staff availability and flexibility (up- and downgrading).
    • Resulting in increased job satisfaction for your staff.
    • High staff retention.
    • Focused knowledge transfer.

    Increase effectiveness

    • Technology forces effective and efficient process execution.
    • Experience experts for strategic and operational (hands-on) advise.
    • Effectiveness, efficiency and quality improvement is included in our managed services.

    Reliability & trust

    • We meet your objectives and requirements.
    • Our repository of automated controls and application security provides reliability.
    • Reliability and continuous insight for all stakeholders creates transparency and trust.

    Cost efficient savings

    • Efficient process execution with technology and well-educated staff.
    • One-time-right quality consulting (less hours, higher value) at competitive prices.
    • Managed services reduce 30% costs (compared to European standards).

    High Quality

    • With our technology resulting in high quality process execution.
    • Best in class consulting including content (frameworks).
    • Embedding new way-of-working (make it stick).
    • High quality managed services seamlessly integrated in your process.

    Added value

    • We make you best-in-class for you to add value.
    • Full project support.
    • Building your capabilities to continuously improvement.
    • Quality assurance over the transition is included in our managed services.

    Client experiences internal audit

    reach new heights with our world class TeamMate audit management software

    real-time and agile auditing providing combined assurance add immediate value to management

    communication ‘in-app’  with all your stakeholder inside and outside your organisation, your supervisory board and society in general.

    full dashboard connectivity providing clear and concise insights

    facilitate full transparency helping you to build trust towards regulatory bodies (voluntarily oversight), partners and society

    Strategic internal audit added value

    Realising your vision towards world class

    We support CAE’s to formulate a future vision on internal audit and how to realise more added value. Together with management and committees, we work this out in a practical approach using technology, specialist consulting and our managed service capabilities. We can help organisation executing the plans until all objectives have been reached. We use proven methodologies,  maturity modelling and plateau-thinking. Please find below our thoughts related to the 20 key elements for internal audit to focus on:

    1. Increased use of technology and digital transformation in audits: Technology is increasingly being used in internal audits to enhance efficiency and effectiveness, automate processes, and reduce errors.

    2. Adoption of data analytics and risk assessment tools: Internal auditors are using data analytics tools to gain insights into complex data sets and identify potential risks more efficiently.

    3. Growing focus on performance auditing over compliance auditing: The focus of internal audits is shifting from compliance with regulations to improving organizational performance and identifying opportunities for growth. Please have a look at our process mining capabilities.

    4. Increased emphasis on soft skills, such as communication and collaboration: Internal auditors are expected to possess strong communication and collaboration skills in order to effectively communicate audit findings to stakeholders and work collaboratively with colleagues.

    5. Greater use of integrated audits that consider both financial and non-financial risks: Integrated audits consider both financial and non-financial risks, such as reputational risk, environmental risk, and social responsibility.

    6. Increased focus on risk management and internal control frameworks: Internal auditors are playing an increasingly important role in the design and implementation of risk management and internal control frameworks.

    7. Adoption of agile methodologies to increase audit efficiency and flexibility: Agile methodologies, such as iterative and incremental audit approaches, are being used to increase efficiency and adaptability in internal audits.

    8. Greater collaboration with other assurance providers, such as external auditors and regulators: Internal auditors are working more closely with external auditors and regulators to ensure that audits are comprehensive and effective.

     

    9. Adoption of remote auditing capabilities and practices: Remote auditing practices, such as virtual audits and remote data collection, are being used to reduce travel costs and improve audit efficiency.

    10. Increased use of automation and artificial intelligence in audits: Automation and AI are being used to improve audit quality and efficiency, and to reduce errors.

    11. Adoption of ESG (environmental, social, and governance) auditing: Internal auditors are increasingly focusing on environmental, social, and governance issues as part of their audits.

    12. Increased emphasis on ethics and corporate culture in audits: Internal auditors are placing greater emphasis on ethical behavior and corporate culture, as well as the impact of these factors on organizational performance.

    13. Greater involvement of internal auditors in strategic decision-making processes: Internal auditors are increasingly being called upon to provide insights and recommendations to senior management and the board of directors on strategic decision-making.

    14. Enhanced reporting and communication of audit findings to stakeholders: Internal auditors are improving the quality and transparency of audit reporting to ensure that stakeholders have access to accurate and timely information.

    15. Greater focus on cybersecurity and data privacy risks: Internal auditors are playing an increasingly important role in assessing and mitigating cybersecurity and data privacy risks.

    16. Use of continuous auditing techniques to provide real-time assurance: Continuous auditing is being used to provide real-time assurance on business processes and risks.

    17. Increased emphasis on audit quality and professional standards: Internal auditors are placing greater emphasis on audit quality and compliance with professional standards to improve the credibility of audit findings.

    18. Adoption of predictive analytics to identify emerging risks and issues: Predictive analytics are being used to identify emerging risks and issues before they become major problems.

    19. Greater use of remote and virtual audits to increase audit coverage and efficiency: Remote and virtual audits are being used to increase audit coverage and efficiency, particularly for organizations with global operations.

    20. Adoption of blockchain technology to enhance audit trail transparency and efficiency: Blockchain technology is being used to improve audit trail transparency and efficiency, particularly for financial transactions.

    Maturity Modelling

    Our maturity models support internal audit functions to realise best practices (internally focused) in combination with positioning internal auditing effectively within the right governance structure with a focus to add value to board and committees together with a more external function, providing trust towards all stakeholders and society. Our maturity model includes the following stages (if you have questions, please don’t hesitate to contact us):

    • Best practice governance, from risk management, control treatment (helping to become in controle).
    • Best practice certified Internal Audit.
    • Compliance driven (providing assurance on control via third party audits and voluntarily oversight).
    • Internal audit providing trust towards all stakeholders, including partners and society (integrated governance).

     

    Improvement in phases

    We use horizon planning and plateau-thinking to define and realise the desired ambition in a structured way through phases and plateaus of maturity, where we take into consideration 5 elements of improvement; “vision & strategy, structure & governance, policies & procedures, people & culture, and technology. In each plateau all elements need to work together, embedding new ways-of-working, before you can go to the next plateau. We support you all they way during your improvement building your capabilities to be able to continuously improve yourself. Our focus lies on enabling you towards (if you have questions, please don’t hesitate to contact us): 

    • Real-time auditing (when issues occur).
    • Corporate governance (effective lines of defenses).
    • Value add dashboarding to all stakeholders.
    • Integrated governance (alignment with partners and accountibility towards society).
    • Build the right capabilities (including IT, security and data-analysis).
    • Resource upskilling, availability and flexibility (remote and on-premise).
    • Addressing soft controls, effective communication/elaboration and integrity.
    • Build a culture of continuous improvement.

    Internal audit (management) technology

    WK TeamMate

    You need to be the best in class with your internal audit, because:

    • the highest (SOx, FDA, banking) compliance regimes apply,
    • there is no room for control issues,
    • you need to provide ‘high quality’ audit assurance to your management and supervisory board,
    • you need to improve controls awareness and co-operation of your first line business users by better collaboration. 
    • you need to provide efficient audits, using best available audit technologies, like data-analytics, pre-accumulate your audit files using maximum control coverage out of your governance (GRC) applications through API’s,
    • you need to attract the best auditor’s available, who only want to work at the best and most sophisticated internal audit department,
    • You co-ordinate all issues tracking and reporting and you need a central repository of all issues.
    • you embrace technology, such as robotics, AI, data-analytics, but you also see the risks in them for the reliability of your process performance and reporting,
    • you understand your role in society and you aim to provide continuous trust to all your stakeholders, financially and on ESG,
    • changes in your environments are constant,
    • you aim to provide combined assurance, working closely together with the other lines of defense in your organisation,
    • you need to reduce the cost of control and audit?

    Then we offer you worlds most sophisticated audit management solution TeamMate to professionalise your internal audits. We help you from start to finish with fixed time fixed prices implementation; all with maximum agility.

    We can either automated your current processes or together with you use the in-depth TeamMate features to improve your audit way-of-working completely.

    We can integrate TeamMate to seamlessly interface with your other governance applications (watch the video below).

    WoltersKluwer TeamMate is the global leader in audit and assurance expert solutions with over 25 years dedicated to advancing corporate, commercial, and public sector audit. TeamMate aligns with audit standards and industry best practices. They have been refined over the course of the last three decades, working with audit professionals across industries and around the globe. TeamMate’s purpose-built audit solutions and services offer the depth of functionality that has helped over 120,000 auditors efficiently manage their audit workflow.

    TeamMate was originally built by PwC and then sold in 2007 to WK. Given the fact that BR1GHT is a start-up out of PwC, all our staff in the internal audit proposition areas know TeamMate by heart. Besides the implementation of TeamMate, we can provide you with a managed service model, keeping your application up-to-date so you always can benefit from the functionalities TeamMate brings to realise your best in class internal audit function. 

     

    TeamMate feautures

    Purpose built

    TeamMate+ is purpose built for audit. Optimizing software around the audit methodology you have today, and the vision you have for tomorrow.

    Doing work

    Audit is a complex and nuanced process. The practices and procedures are expected to be adhered to, between the various data points and across organizations. As such, the focus must be on completing the task at hand, intuitively and thoroughly. An auditing tool that employs a streamlined, audit-focused user interface, one that’s capable of adjusting to the complexities and nature of internal audit, and speeds up the overall implementation and adoption.

    A depth of functionality that delivers the right fit for your audit team.

    Not every organization is the same and therefore not every audit is the same. Understanding and recognizing these distinctions is imperative. Acknowledging this is the first step to successfully meet the needs of the broader audit profession.

    Audit collaboration.

    TeamMate+ enhances the audit process by connecting with business intelligence tools, provides dashboards needed to visualize and track various audit workflows, and preserves the overall audit trail. Elevate your process-level communication between teams — document submission requests, response monitoring, data capturing, etc. — to better facilitate the execution of your individual audit.

    Data-driven Insights.

    Analytics are an essential component of effective, productive, and value-driven internal audit practices. 

    Reducing risk

    Auditing often involves reviewing, analyzing, and interpreting thousands of reports and many more thousand data points. It can be an overwhelming and complicated task. Up until recently, analytics for audit were limited to data sampling methods that rely on the review of only a small fraction of data. Data samples are never comprehensive, and thus create exposure and risk for your organization.

    Assessible. Up and running. Ready to go.

    Excel has been a cornerstone of auditing workflows for many years. While not exclusive to the audit process, it remains a useful tool that supports auditing analytics. But as audit analytics inevitably become more involved, limiting your audit function to these tools alone can lead to errors. Work with the tools you are already familiar with and avoid reliance on scarce and highly specialized resources. TeamMate Analytics is an Excel-based tool to streamline your workflow in a familiar environment. When combined with a comprehensive library of more than 150 expert audit tests, it delivers an accessible platform that is ready to go and capable of getting your audit department up and running quickly.

    Integrated solution

    There’s a difference between audit analytics and data visualization. Audit analytics uncover hidden risks, while data visualization helps to convey those findings. Business intelligence solutions, like Microsoft’s Power BI and Tableau, are analytics and visualization resources that are often adopted as more traditional data analytics solutions.

    Having the flexibility to integrate with these tools is incredibly important, but they’re not exclusively purpose-built for audit. TeamMate+ provides integrated analytics and the power of third-party data visualization to give you the support you need. Be an auditor, not a data scientist!

    Sharing data, avoiding overlap, and building organisational insight

    Every corporate environment, every public sector, and every business (both large and small), work within the guidelines of their individual infrastructures. Compatibility among and between these various tools is important. Employing an audit system that’s designed to “play nice” with your established business systems and align itself with the larger ecosystem makes all the difference. 

    Breaking down silos

    Internal audit should be at the heart of risk analysis. TeamMate’s open ecosystem allows you to bridge with your broader risk environment and provide the connectivity and transparency that it needs to effectively assess organizational data. Your internal audit team will find greater overall success when enabling system-level collaboration, one that’s capable of addressing real or potential risks and is consistently aligned with key stakeholders. Rely on those opportunities that aggregate and link core business systems and deliver accurate reports, comprehensive dashboards, and enhanced visualizations (Tableau, Power BI, Enterprise Resource Planning (ERP), KPI and KRI data, Identity Providers/AD, User accounts, Single Sign On (SSO)).

    Browser-based

    Go beyond contemporary user interface design and understand what’s driving your technology. TeamMate+ supports the most commonly used browsers across organizations. Reduce client installation requirements, minimize overall deployment costs, and decrease the time and involvement from IT support.

    Audit from anywhere, at any time.

    It’s important that the solution you’ve chosen has the capability to adapt. TeamMate+ is designed to work with any screen size by implementing a responsive design and layout that understands the device you are using and how best to display the data. Don’t let your workspace limit your success

    You need to be the best in class with your internal audit, because:

    • the highest (SOx, FDA, banking) compliance regimes apply,
    • there is no room for control issues,
    • you need to provide ‘high quality’ audit assurance to your management and supervisory board,
    • you need to improve controls awareness and co-operation of your first line business users by better collaboration. 
    • you need to provide efficient audits, using best available audit technologies, like data-analytics, pre-accumulate your audit files using maximum control coverage out of your governance (GRC) applications through API’s,
    • you need to attract the best auditor’s available, who only want to work at the best and most sophisticated internal audit department,
    • You co-ordinate all issues tracking and reporting and you need a central repository of all issues.
    • you embrace technology, such as robotics, AI, data-analytics, but you also see the risks in them for the reliability of your process performance and reporting,
    • you understand your role in society and you aim to provide continuous trust to all your stakeholders, financially and on ESG,
    • changes in your environments are constant,
    • you aim to provide combined assurance, working closely together with the other lines of defense in your organisation,
    • you need to reduce the cost of control and audit?

    Then we offer you worlds most sophisticated audit management solution TeamMate to professionalise your internal audits. We help you from start to finish with fixed time fixed prices implementation; all with maximum agility.

    We can either automated your current processes or together with you use the in-depth TeamMate features to improve your audit way-of-working completely.

    We can integrate TeamMate to seamlessly interface with your other governance applications (watch the video below).

    WoltersKluwer TeamMate is the global leader in audit and assurance expert solutions with over 25 years dedicated to advancing corporate, commercial, and public sector audit. TeamMate aligns with audit standards and industry best practices. They have been refined over the course of the last three decades, working with audit professionals across industries and around the globe. TeamMate’s purpose-built audit solutions and services offer the depth of functionality that has helped over 120,000 auditors efficiently manage their audit workflow.

    TeamMate was originally built by PwC and then sold in 2007 to WK. Given the fact that BR1GHT is a start-up out of PwC, all our staff in the internal audit proposition areas know TeamMate by heart. Besides the implementation of TeamMate, we can provide you with a managed service model, keeping your application up-to-date so you always can benefit from the functionalities TeamMate brings to realise your best in class internal audit function. 

     

    TeamMate feautures

    Purpose built

    TeamMate+ is purpose built for audit. Optimizing software around the audit methodology you have today, and the vision you have for tomorrow.

    Doing work

    Audit is a complex and nuanced process. The practices and procedures are expected to be adhered to, between the various data points and across organizations. As such, the focus must be on completing the task at hand, intuitively and thoroughly. An auditing tool that employs a streamlined, audit-focused user interface, one that’s capable of adjusting to the complexities and nature of internal audit, and speeds up the overall implementation and adoption.

    A depth of functionality that delivers the right fit for your audit team.

    Not every organization is the same and therefore not every audit is the same. Understanding and recognizing these distinctions is imperative. Acknowledging this is the first step to successfully meet the needs of the broader audit profession.

    Audit collaboration.

    TeamMate+ enhances the audit process by connecting with business intelligence tools, provides dashboards needed to visualize and track various audit workflows, and preserves the overall audit trail. Elevate your process-level communication between teams — document submission requests, response monitoring, data capturing, etc. — to better facilitate the execution of your individual audit.

    Data-driven Insights.

    Analytics are an essential component of effective, productive, and value-driven internal audit practices. 

    Reducing risk

    Auditing often involves reviewing, analyzing, and interpreting thousands of reports and many more thousand data points. It can be an overwhelming and complicated task. Up until recently, analytics for audit were limited to data sampling methods that rely on the review of only a small fraction of data. Data samples are never comprehensive, and thus create exposure and risk for your organization.

    Assessible. Up and running. Ready to go.

    Excel has been a cornerstone of auditing workflows for many years. While not exclusive to the audit process, it remains a useful tool that supports auditing analytics. But as audit analytics inevitably become more involved, limiting your audit function to these tools alone can lead to errors. Work with the tools you are already familiar with and avoid reliance on scarce and highly specialized resources. TeamMate Analytics is an Excel-based tool to streamline your workflow in a familiar environment. When combined with a comprehensive library of more than 150 expert audit tests, it delivers an accessible platform that is ready to go and capable of getting your audit department up and running quickly.

    Integrated solution

    There’s a difference between audit analytics and data visualization. Audit analytics uncover hidden risks, while data visualization helps to convey those findings. Business intelligence solutions, like Microsoft’s Power BI and Tableau, are analytics and visualization resources that are often adopted as more traditional data analytics solutions.

    Having the flexibility to integrate with these tools is incredibly important, but they’re not exclusively purpose-built for audit. TeamMate+ provides integrated analytics and the power of third-party data visualization to give you the support you need. Be an auditor, not a data scientist!

    Sharing data, avoiding overlap, and building organisational insight

    Every corporate environment, every public sector, and every business (both large and small), work within the guidelines of their individual infrastructures. Compatibility among and between these various tools is important. Employing an audit system that’s designed to “play nice” with your established business systems and align itself with the larger ecosystem makes all the difference. 

    Breaking down silos

    Internal audit should be at the heart of risk analysis. TeamMate’s open ecosystem allows you to bridge with your broader risk environment and provide the connectivity and transparency that it needs to effectively assess organizational data. Your internal audit team will find greater overall success when enabling system-level collaboration, one that’s capable of addressing real or potential risks and is consistently aligned with key stakeholders. Rely on those opportunities that aggregate and link core business systems and deliver accurate reports, comprehensive dashboards, and enhanced visualizations (Tableau, Power BI, Enterprise Resource Planning (ERP), KPI and KRI data, Identity Providers/AD, User accounts, Single Sign On (SSO)).

    Browser-based

    Go beyond contemporary user interface design and understand what’s driving your technology. TeamMate+ supports the most commonly used browsers across organizations. Reduce client installation requirements, minimize overall deployment costs, and decrease the time and involvement from IT support.

    Audit from anywhere, at any time.

    It’s important that the solution you’ve chosen has the capability to adapt. TeamMate+ is designed to work with any screen size by implementing a responsive design and layout that understands the device you are using and how best to display the data. Don’t let your workspace limit your success

    ‘High value’ internal audit specialist consulting

    Assess and position

    • Strategic internal audit. Board room consulting and assessments, including management of the function, audit capabilities, the level of added value, vision, strategy, level of continuous improvement.
    • Tactical capabilities, including governance (positioning, alignment with other lines-of-defense, and reporting lines) and abilities to change and improve.
    • Internal audit maturity (scans).
    • We provide assessments and in-depth capabilities related to all specialist areas, such as IT-security, IT-controls & SAP-authorisations, Sarbanes-Oxley controls, ESG, and fraud.
    • Audit staff quality and requirement assessments. Control and audit training (including awareness).
    • Audit technology assessments (audit management system).
    • IT-skills assessment (understanding of the impact of IT and the usage of IT in internal audit (such as data-analytics, process mining, RPA, tooling to assess (SAP) authorisations, etc).
    • Your operational internal audit function. Assessments, including the audit charter, audit methodology, audit plans, audit handbook reviews, general way-of-working.
    • Pre-assessments and certification of the internal audit functions.
    • Current quality assurance over your programs and projects.
    • Risk assessment methodology (universe definition).
    • (Banking) compliance (part of the 2.5 line of defense).

     

    Improve

    • Ad-interim CAE services.
    • Quality assurance reviews to work with your auditors and review the audit scoping and effectiveness of the audits and reporting.
    • Training programs to improve your auditors capabilities related to security, IT controls, SOx, ESG, fraude and all other specialist areas.
    • Awareness programs to improve controls and audit capabilities in te first and second lines to increase the (perceived) independent assurance of internal audit.
    • Strategic improvement programs using our vision towards the internal auditor of the future to add value with real-time auditing and providing trust to boards, stakeholders, and society.
    • Operational improvement, hands-on consulting to improve al operational elements of internal auditing (see at assess).
    • Content provisioning, such as templates, frameworks, audit procedures test plans, etc.
    • Dashboard (real-time reporting) and reports development and improvement.
    • Perform internal audits, including risk management.
    • Implementation of audit management software; agile, in-time, and at a fixed price.
    • IT-upskilling (knowledge of the impact of IT and how better to use IT in audits (eq data-analytics, process mining, RPA, SAP-tools).

    Embed

    • We make all improvements to best practice stick, by guiding your staff through all changes and periodically monitor the execution of your new way-of-working, newly learned (IT-)skills or implemented new software solutions (such as your audit management system, process mining, (SAP) authorisation monitoring of data-analytics.
    • We support in all aspects of your internal audit change program and throughout the whole improvement process with our maturity models, plateau-thinking and horizon planning.
    • All our managed service come including structured improvement activities.

    Internal audit managed services

    AuditFor those clients who don’t have the right capabilities, not enough staff members, want to make fast quality improvement steps or just have the strategy to outsource, we provide managed internal audit services out of:

    • Suriname. Both ‘high value’ consulting, audit experts, plus repetitive audit support activities (ISQM). Our services include internal audit improvement, maturity modelling, specialist area auditors (ESG, integrity,  operational, and financial), pre-accumulating audit files, transaction & reporting oriented work, project management office activities, and so on.
    • South Africa (and global). IT- and security auditing, including (SAP) authorisations, application security, automated controls testing and identify & access management. We also support with specific data-analytics or process mining programs. We furthermore, support in maintaining you Audit Management software. All our teams are skilled in the latest technology.
    • We provide both co-sourcing and full outsourcing. The biggest difference is that with co-sourcing our teams work fully under our client’s management supervision, in their IT-environment, and in their risk & quality management systems. With full-outsourcing, all risk & quality requirements are clear and written down in a service level agreement and we agreed that we can fully comply with them.
    • Teams in Suriname and South Africa always work together with local BR1GHT people at your location. These local ‘linking pins’ make sure that we always understand your needs and if issues pop-up, we can immediately solve them. They are responsible for the seamless integration of our and our client’s staff.
    • We have our proven methodology for onboarding to guarantee a controlled transition called ‘the 12-successfactors of change management’.

    Read more (at our managed service page).

    Flexible pool of internal auditors

    BR1GHT flexible pool

    • Our flexible pool of (internal) auditors consists of a (global) group of experienced audit professionals who are available to work on a project basis, either as part of an internal audit department or as external consultants.
    • Our auditors can be contracted for short or long-term engagements, depending on the organization’s needs.
    • We provide experts to a) your internal audit pool, B) fully outsource specific audit areas, C) have a joined hybrid model working together on audits or d) facilitate collaborative pools. In a collaborate pool, we bring organisations together to create a shared pool of auditors who are available to work on projects for all participating organisations. This can be a solution for specific industries where organisations work together without competition (eg grid companies, water supplying companies, lower municipals, multiple-oversight bodies, and so on).

    Advantages of a flexible pool of auditors

    • Availability of audit staff.
    • Scalability: Quickly scale up or down audit teams based on their workload and business needs. Avoid the costs of maintaining a large internal audit department when demand is low.
    • Increased efficiency: Providing additional resources and expertise when needed.
    • Reduced workload of internal staff, allowing them to focus on other critical tasks and priorities.
    • Specialization: Provide access to highly specialized skills and expertise that might not be available in-house.
    • Cost savings against hiring full-time staff. Avoid the costs of benefits, training, and other overhead expenses associated with maintaining a large internal audit department.
    • Objective and independent perspective on an organization’s operations and controls, which can be valuable for improving performance and identifying areas for improvement.
    • Fresh perspective to an organization’s operations and controls. This can help to identify blind spots or inefficiencies that may be overlooked by internal staff.
    • Reduced risk of fraud, errors, and non-compliance by providing independent and objective assessments of an organization’s internal controls.
    • Knowledge transfer: External auditors can share their knowledge and best practices with internal staff, helping to build their skills and expertise over time.

       

      Internal audit news

      IIA Congres 2024 in Nederland

      IIA Congres 2024 in Nederland

      Op 20 & 21 juni 2024 zal het IIA Nederland haar jaarcongres organiseren. Het thema van het jaarcongres is ‘Conformance & Performance’, waarbij alles draait om de keuze tussen voldoen aan verwachtingen en excelleren in prestaties. De vijf hoofdthema's tijdens...

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      Wolters Kluwer named Global Leader in ESG Software

      Wolters Kluwer named Global Leader in ESG Software

      BR1GHT's partner Wolters Kluwer, a global leader in professional information, software solutions, and services, has been named among the leading global providers of ESG Software in the inaugural and prestigious Green Quadrant: ESG Reporting and Data Management...

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      Vision paper

      The digital transformation is reshaping organisations with an increasing pace. Digital solutions using RPA, IoT and mobile are being implemented in the business to save costs, improve business processes or to build client intimacy. But what are the risks of these new digital solutions, how do you control them and what does digital mean for your control environment? In a series of publications, we will dive deeper into these questions and take you with us in our Digital Control journey Towards Continuous Monitoring.

      In this publication you will read all about:

      • What are the risks of new digital solutions, such as RPA, ML, IA,
      • The need to continuous monitoring,
      • Wat is continuous monitoring,
      • How 2’nd and 3’rd Lines of Defence can use continuous monitoring,
      • How to use continuous monitoring to provide assurance,
      • Upskilling risk and internal audit specialists.

      If you would like to know more about continuous monitoring, please contact us. We can provide you with concrete examples of implementations.

      BR1GHT publication Vision on Digital Control Towards Continuous Monitoring

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