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Tailored solutions: Offering a flexible audit services customised to your organisation’s needs.
Comprehensive risk coverage: Assessing strategic, operational, financial, and behavioural risks.
Best-practice approach: Following IIA (Australia) standards for reliable results.
Independent internal audit services that go beyond compliance.
Every organisation benefits from accurate information. You need to understand your operating risks and whether your frameworks, policies, practices and control processes are effective. Internal audits are a valuable tool for delivering reliable insights for boards and leadership teams. You can use an audit to identify gaps and manage risk, as well as to improve your overall business performance.
At RSM, we deliver independent internal audit services that add real value to your organisation.
We employ a partner-led approach along with internal knowledge sharing and training to ensure all our clients benefit from the extensive expertise we have built across a wide range of industries and professional backgrounds.
Through this collaborative approach and agile methodologies, we can tailor our services to meet your specific needs and rising stakeholder demands. Partner with us to develop and implement a customised strategy aligned with your goals and designed to deliver value.
For an audit to be effective, it should be conducted by an independent third-party with deep auditing expertise and a broad understanding of best practice auditing methodologies.
Our audit specialists draw on cross-industry experience and agile, collaborative methods to create strategies that align with your business goals and growth. Our offerings include:
Outsourced internal audit
A fully outsourced solution can be more cost-effective than managing an in-house team. Eliminate management and training burdens and gain access to specialised expertise for complete assurance. RSM can help you assess your needs, develop an internal audit charter, generate an industry-specific strategy, report to committees and manage the entire audit process.
Benchmarking and quality assurance review
Conduct a quality assurance review to ensure full compliance and benchmark your performance against best practice for your industry. Our expert insights will identify value-generating opportunities and empower you to strengthen your risk management, internal controls, and employee support systems.
Corporate governance advice
Connect with subject matter experts and evaluate the key structures, dynamics and processes required for effective corporate governance. We offer practical advice for improving your risk management controls and ensuring your internal functions meet your regulatory responsibilities while supporting your strategic objectives.
Risk management training and workshops
Empower your team with a training program designed for you. Our risk management workshops include risk appetite statements and effective implementation methodologies. Whether you're looking to strengthen your internal audit team or your audit committee, our training will equip them with the essential tools and knowledge to proactively identify and manage risks.
Compliance support
Leverage our deep expertise and industry knowledge. Ensure compliance with regulatory, legal, and industry-specific requirements. We can advise on managing core operational risks, especially those related to the reliability of business operations. Additionally, we can support your management team in developing practical internal controls that strengthen the control environment.
Benefits of our approach
You should walk away from an audit feeling confident. Confident that your governance structures are solid, your risks are well-managed and your organisation is set up to thrive.
- Beyond compliance: We view internal audit as a strategic enabler, using a systematic, disciplined approach to support commercial success, protect your brand, and strengthen resilience.
- Culture & trust: We help foster a culture of transparency and accountability, giving your team members confidence in the systems they rely on.
- Better decisions: Our insights empower boards and leadership teams to make informed decisions with clarity and assurance.
- Continuous improvement: We see internal audit as a driver of ongoing improvement, helping your organisation evolve and adapt in a changing world.
- Realistic & reliable: No audit can eliminate every risk, but ours will make sure you're better prepared, more agile, and more resilient by enhancing your governance processes.
We also equip your team with Auditor Assistant, our cloud-based audit software that helps you work smarter, faster, and more effectively.
Get in touch with the internal audit team
Taking steps to manage risk today ensures you protect your business and its operations in the future.
FAQ's
The main objectives are to ensure effective risk management, strengthen governance, improve efficiency, and confirm compliance—helping organisations protect assets and make better decisions.
Internal audit is focused on improving your organisation’s internal controls, governance, and risk management, providing ongoing insights to enhance efficiency and reduce risk. External audit, on the other hand, is an independent review of your financial statements to assure stakeholders they are accurate and comply with regulations.
The 5Cs of internal audit are a simple framework often used to summarise findings and make audit reports clearer and more actionable:
- Condition – What the auditor found (the current state or issue).
- Criteria – What should be happening (policies, standards, or benchmarks).
- Cause – Why the issue exists (root cause analysis).
- Consequence – The impact or risk if the issue is not addressed.
- Corrective action – The recommended fix or improvement.
1. Information gathering
2. Analyses and risk assessment
3. Regulatory compliance review
4. Validation of findings
5. Recommendations for improvement
6. Implementation of improvement initiatives
7. Follow up and review
- Fully outsourced, co-sourced and bespoke internal audit services.
- Assistance in establishing an internal audit function.
- Internal audit quality assessments.
- Design of customised internal audit review scopes and approaches, aligned to the standard and best practice of the Institute of Internal Auditors (IIA – Australia), which meet your specific needs and requirements.
- Corporate governance advice.
- Audit committee training.
- Facilitation of risk management workshops including risk appetite statements and the associated implementation methodologies.
- Assisting in the identification of strategic, operational, financial, and behavioural risks.
- Providing stakeholders and managers with complete assurance, both retrospective and prospective, that key systems and controls are in place and working effectively.
- Maximising your in-house resources to ensure they are used effectively.
- Real-time monitoring of key of threats and opportunities to your organisation.
- Providing value-generating opportunities and insights to strengthen your risk management, internal controls and support provided to employees.
- Allocating a team of qualified, dedicated internal audit and risk advisory experts led by a Partner committed to client service.
Meet the team
