RSM Australia

Internal audit

The increased focus on governance and controls has raised the profile and responsibility of internal auditors in both private and public organisations, consequently internal auditors are assuming a more strategic role that is linked to the overall assessment of risk. RSM provides internal audit services of the highest quality to suit the needs of businesses and their stakeholders.

Businesses will benefit from experienced, independent professional evaluations on the quality and effectiveness of their risk management, governance and control arrangements. RSM works with businesses to identify areas for improvement and explore ways to meet their objectives. They can provide a range of support including fully outsourced solutions, working in partnership with in-house internal audit teams, or the supply of specialist services. All three of these delivery models give the advantage of scalability and flexibility, which is especially beneficial in the current economic climate.

The approaches adopted are based on a standard methodology that embraces the key elements of the Risk Management Standards (ISO 31000) and fully complies with the International Professional Practice Framework (IPPF) issued by the Global Institute of Internal Auditors.

Core to the risk-based audit methodology is an understanding of the risk profile of organisations and assessing where internal audit work can add most value.

Internal audit focus areas

  • focus internal audit resources on areas critical to the success of the organisation
  • meet all professional standards and requirements
  • provide stakeholders and managers with assurances that their key systems and controls are in place and working effectively
  • allow in-house resources to be used more effectively
  • provide dedicated internal audit professionals without the day to day managerial requirements
  • monitor key areas of the client's organisation
  • provide clients with access to experts on various subjects
  • provide clear opinions linked back to the risk profile

Internal audit & related services

  • fully outsourced internal audit services
  • provision of specialists in fields such as IT, environmental, project and tax audit
  • partnering with in-house teams
  • helping establish an internal audit function
  • internal audit quality assessments accredited by the IIA
  • corporate governance advice
  • audit committee training

4 steps banks should take to strengthen compliance management systems

13 January 2017
Focus on compliance culture and approach, not just transactions Regulators are taking a different approach to examinations at banks and credit unions. Where, until recently, they focused almost exclusively on files and transaction testing, they are now also taking a harder look at each institution’s overall compliance approach.

Expertise in climate change, sustainability and environmental risk management

10 November 2016
Climate change and the environment are topics continually making headlines on a regular basis. The headlines often highlight risks faced by organisations and Directors around tighter carbon regulations or heightened reporting of climate change, and opportunities, and developments in sustainability reporting or workplace health and safety regulations.

8 ways to reinvent internal audit

26 October 2016
Reposition the focus from the “how to” to the “outcome”. Innovate ways to partner with stakeholders to reach the desired outcome. Embed the need for business acumen in order to provide practical advice and insight which creates value.

Recent AML/CTF Updates: A KYC Game Changer

24 October 2016
Fundamental changes to how reporting entities collect ‘Know Your Customer’ (KYC) information

Our services to the local government sector

10 October 2016
RSM has a long history, both in Australia and overseas, of providing a wide range of value added services to local government. Challenges facing Councils and Councillors continue to increase, driven by greater community expectations, regulatory changes, and enhancements to governance structures, amalgamations and restructures.

Expertise in waste and resource management

29 September 2016
RSM has a long history of advising clients in the waste and resource management industries, providing integrated solutions across our service lines in Australia and through our global network.

The benefits of outsourcing or co-sourcing the internal audit function

26 July 2016
As well as being cost-effective, augmenting or completely replacing the internal audit function can deliver improved outcomes

Is your internal audit of AML/CTF doing all it should?

7 July 2016
The IA should provide a comprehensive review of your AML/CTF program

Key contact