Outsourced Internal Audit

Reinforce Controls

Juggling audit, risk management and compliance alongside other responsibilities can quickly become overwhelming and inefficient. High turnover in key audit roles and lack of specialized audit expertise and oversight only intensifies the challenges. Strengthen your internal audit function by bolstering your controls and bridging coverage gaps in your audit plan.

Services

With the right help from a trusted partner, you can pass overflowing responsibilities to skilled experts and turn your focus back to driving results. Our sourcing services are customized to fit your objectives, proactively supporting your needs at any level – and in any location – without disrupting your operations.

When it comes to internal audit, you need a turnkey solution that is anything but cookie cutter. Review the sourcing options below to determine the route that’s right for you.

Full Outsourcing

Let dedicated experts manage your controls to prepare for external audits

Co-sourcing

Supplement current staff to streamline your internal control system

Staffing Augmentation

Get full-time internal audit staffing year-round, or for a specific time period or scope of work

Full Outsourcing	Co-sourcing	Staffing Augmentation
Frees up time and resources to focus on other key initiatives	Frees up time and resources to focus on other key initiatives
	Strong relationships and seamless integration with your existing audit team	Cohesive relationship with your team
Cost and skill set flexibility	Cost and skill set flexibility
Access to state-of-the-art technology	Access to state-of-the-art technology
Highly specialized skill sets on an as-needed basis	Highly specialized skill sets on an as-needed basis	Adherence to your leadership, processes and directives
Provider handles function’s day-to-day administration/execution	You keep functional control in-house	Provides you highest degree of control over internal audit function
You control risk assessment and audit plan
Alleviates HR burden of identifying and supplying additional staff	Eliminates certain recruiting, training and employment costs	Traditional structure for board and management Staff apply their experience and best practices to your scope of work Provides new expertise and fresh perspectives

Additional Services

Help develop and maintain an effective internal control environment using outsourced internal audit and in-house program development solutions, including:

Risk Management

Evaluate your internal security against chances of fraud and attacks

Quality Assessment Review

Analyze specific segments of your operations to identify control weaknesses

On-Demand Audits

Review individual aspects of your control program

Testimonials

…Armanino’s overall efforts have been very effective in assisting Management with their efforts to adequately protect the assets of the District, thereby protecting the interests of the District’s stakeholders, which is vitally important. Armanino is an extremely valuable partner, and the District greatly values the services they provide.

Todd A. Loretta, CPA

Internal Audit Administrator, St. Louis Metropolitan Sewer District

Armanino provided an ideal experience for us with their speed and efficiency thanks to their knowledgeable and diligent team. Their insight and guidance was very helpful and appreciated! We look forward to working with them again.

Cole S. Otto

Senior Security Analyst, Inflection

As a result of that [Armanino's] risk assessment, the firm identified opportunities to improve our internal controls and recommended ways to better prevent fraud in the future.

Maralee M. Britton

CPRP Director of Parks and Recreation St. Charles Parks and Recreation Department

Armanino took the time to understand our policies, process workflows, system inputs, reports, prior audit findings and available files for data analysis use. ...We appreciate Armanino being a collaborative partner as we work to continuously improve our processes and procedures within the UM System.

Michelle Piranio

Chief Audit & Compliance Officer, University of Missouri