Index
Anti-Money Laundering (AML) and sanctions
Behaviour & Culture
CFO Services
Compliance
Cyber security
ESG Risk Management
Forensics & Technology
Internal Audit
IT Risk Management
Third Party Risk Management
Data Management
Internal Audit
Internal Audit has always been one of the cornerstones of good governance and should play an important role in your organisation’s governance processes. Internal Audit looks beyond financial risks and statements to the wider issues that help your organisation navigate through the potential minefield of risks to which it is exposed. Internal Audit is key to the management and mitigation
of risk. It provides assurance over your most fundamental internal controls, by helping to detect and prevent fraud, and by monitoring compliance with organisational policy, governance codes, regulation and legislation.
Higher level
Over the past few years we see that the financial sector has put increasing pressure on internal audit functions to shift from ‘gate keeper’ to a more ‘value creator’. Where they used to help organisations to be compliance and manage risks, clients more and more want internal audit to become a tool to raise operations to a higher level. At BDO we believe that the role of Internal Audit should adapt to your changing environment and reflect your strategy and business objectives. In an era of new technology, artificial intelligence and the Internet of Things new opportunities emerge. The key is to have the right focus and make clear choices. With our knowledge of your sector and our targeted approach, we provide insight and execution power to make your organisation more successful.
A well-functioning Internal Audit will have two value adding roles:
Assurance provider
Internal audit assesses the internal controls and the effectiveness of business processes of the organisation. This helps organisations to be compliant to changing laws, regulations and internal policies and gives assurance on mitigating identified risks.
Business improver
An integrated internal audit approach provides the organisation with valuable business insights and helps to improve the efficiency of operations, internal control, data quality, the performance of the organisation and identifies risks.
The success of BDO’s internal audit services rests on two pillars. Together they form the basis for added value throughout your entire organisation:
Technology driven execution
Today, audits based solely on sample-based testing are not sufficient. Maximum utilisation of technology is needed to get deeper insight and enhanced focus and effectiveness. That is why BDO has implemented innovative tools and analytics methodologies that are intertwined into internal audit execution
Creating a stimulating culture
In addition to procedures and regulations the company culture and the behaviour of its employees are important contributors to an organisation’s success. At BDO we developed unique soft controls to identify these aspects and integrate them into your internal audit function. With the objective to influence behaviour and culture in a performance enhancing way.
Services provided by BDO
BDO can help you set up, structure, improve and implement an internal audit function. We not only identify issues, but also work actively with your management to implement tailor-made solutions and controls. At BDO we use a hands-on approach and involve you closely in the work we do. Our services include:
Setting up and improving your internal audit function
Implementation of internal audit related activities in various collaborations, for example; Outsourcing, Co-Sourcing or Partnering
Quality Assurance Reviews, both internally and externally
Assessment and improvement of (operational) processes
Reviewing and updating risk-based audit plans
Evaluating risks of changing operating models and business practices and providing recommendations for redirecting management’s attention to areas of priority
Auditing COVID-response programs to help organisations prepare for the future
Auditing specific topics such as; AML, Data quality, ESG, Compliance, Outsourcing, (Cyber)security, IT & Implementation of new IT systems, etc.
More information
Ryan de Waard
Director Manager Internal Audit, Risk & Compliance
T +31 (0)30 284 97 84
Michel van den Bosch
Senior Manager Internal Audit, Risk & Compliance
T +31(0)30 284 97 34
Index
Anti-Money Laundering (AML) and sanctions
Behaviour & Culture
CFO Services
Compliance
Cyber security
ESG Risk Management
Forensics & Technology
Internal Audit
IT Risk Management
Third Party Risk Management
Data Management
More information
Ryan de Waard
Director Manager Internal Audit, Risk & Compliance
T +31 (0)30 284 97 84
Michel van den Bosch
Senior Manager Internal Audit, Risk & Compliance
T +31(0)30 284 97 34
Setting up and improving your internal audit function
Implementation of internal audit related activities in various collaborations, for example; Outsourcing, Co-Sourcing or Partnering
Quality Assurance Reviews, both internally and externally
Assessment and improvement of (operational) processes
Reviewing and updating risk-based audit plans
Evaluating risks of changing operating models and business practices and providing recommendations for redirecting management’s attention to areas of priority
Auditing COVID-response programs to help organisations prepare for the future
Auditing specific topics such as; AML, Data quality, ESG, Compliance, Outsourcing, (Cyber)security, IT & Implementation of new IT systems, etc.
Services provided by BDO
BDO can help you set up, structure, improve and implement an internal audit function. We not only identify issues, but also work actively with your management to implement tailor-made solutions and controls. At BDO we use a hands-on approach and involve you closely in the work we do. Our services include:
Higher level
Over the past few years we see that the financial sector has put increasing pressure on internal audit functions to shift from ‘gate keeper’ to a more ‘value creator’. Where they used to help organisations to be compliance and manage risks, clients more and more want internal audit to become a tool to lift
operations to a higher level. At BDO we believe that the role of Internal Audit should adapt to your changing environment and reflect your strategy and business objectives. In an era of new technology, artificial intelligence and the Internet of Things new opportunities emerge. The key is to have the right focus and make clear choices. With our knowledge of your sector and our targeted approach, we provide insight and execution power to make your organisation more successful.
A well-functioning Internal Audit will have two value adding roles:
Assurance provider
Internal audit assesses the internal controls and the effectiveness of business processes of the organisation. This helps organisations to be compliant to changing laws, regulations and internal policies and gives assurance on mitigating identified risks.
Business improver
An integrated internal audit approach provides the organisation with valuable business insights and helps to improve the efficiency of operations, internal control, data quality, the performance of the organisation and identifies risks.
The success of BDO’s internal audit services rests on two pillars. Together they form the basis for added value throughout your entire organisation:
Technology driven execution
Today, audits based solely on sample-based testing are not sufficient. Maximum utilization of technology is needed to get deeper insight and enhanced focus and effectiveness. That is why BDO has implemented innovative tools and analytics methodologies that are intertwined into internal audit execution
X Creating a stimulating culture
In addition to procedures and regulations the company culture and the behaviour of its employees are important contributors to an organisation’s success. At BDO we developed unique soft controls to identify these aspects and integrate them into your internal audit function. With the objective to influence behaviour and culture in a performance enhancing way.
Internal Audit has always been one of the cornerstones of good governance and should play an important role in your organisation’s governance processes. Internal Audit looks beyond financial risks and statements to the wider issues that help your organisation navigate through the potential minefield of risks to which it is exposed. Internal Audit is key to the management and mitigation
of risk. It provides assurance over your most fundamental internal controls, by helping to detect and prevent fraud, and by monitoring compliance with organisational policy, governance codes, regulation and legislation.
Internal Audit