Internal Audit Advisory Services

Don’t Let Your Day-To-Day Take Away Planning For Someday

As a manager of risk there’s a lot you need to account for, manage, and respond to in a day. It’s easy to get lost focusing on what’s required of you at the moment with so many competing priorities. As a result, proactive risk management and assessing open risk exposures can be a challenge. You can’t get caught up looking in the rearview mirror.

Determining and executing your internal audit plan is difficult when you’re missing adequate resources in-house or being asked to do more with less for the year. And whether you have an internal audit department or not, sometimes you also may be missing the right expertise to assess your most critical areas of risk.

Our internal audit advisory services are designed for mid- to large-size businesses looking for outsourcing or co-sourcing support to enhance their internal audit function.

Centri’s solutions cover governance, risk management, internal controls, and risk-based operational audits to support management’s business objectives across all three lines of defense. With our unique approach, you’ll have a partner to help provide the resources, quality, and foresight you need.

Our goal is to help support your objectives by making sure you come away with action-oriented reporting that’s clear and detail-oriented, so you understand what next steps to take for risk mitigation and enhancement.

Meet Our Internal Audit Support Leadership

When you work with us, you have access to one firm with many experts, all able to provide you with personalized internal audit solutions. Our team is made up of former Chief Audit Executives, Certified Public Accountants (CPA), Certified Internal Auditors (CIA), Certified Information System Auditors (CISA), and Certified Fraud Examiners (CFE). Learn more about our specialists on the One Team page.

Meet All Centri Experts

Partner

Risk Advisory Practice Leader

Gareth Montague-Smith

Managing Director

Experts in Every Industry, Even the Complex Ones.

Insurance As a part of the insurance industry, you’re always managing shifting regulations, large datasets, and diverse risk exposure that’s often outside your control. Hiring a partner like Centri, with a proven record of guiding others in the insurance industry, can ensure that your internal audit is executed efficiently, objectively, and correctly with the most up-to-date requirements.

Financial Services In financial services, you’re up against a unique set of challenges. Rigid regulations, cyber threats, fraud risks, economic volatility — the list is only growing. Having an objective internal audit partner won’t just help your team overcome any capacity constraints, it will also ensure no issue is overlooked or left behind.

Healthcare Your industry truly impacts everyone and is essential. Whether you’re undergoing an M&A deal, looking for efficiencies, or wanting to make sure you have foresight for tomorrow, an internal audit will help set you up for short- and long-term success. At Centri, our team knows the healthcare industry inside out, so we can ensure you’re getting the very best guidance.

Real Estate Changes in laws, shifts in the economy, market conditions — there are a lot of risks in every aspect of what you do that can affect your real estate business. At Centri, we don’t take a one-size-fits-all approach to our internal audit solutions. Our real estate industry experts also account for the unique requirements of your sector, knowing they’re just as important when looking at how to enhance your business.

How Centri Can Help:

Our Internal Audit Outsourcing & Co-Sourcing Services

Establishing and maintaining an Internal audit function
Internal audit function branding
Audit universe development
Internal audit risk assessment
Internal audit methodology review
Audit committee reporting and advisory
Specialized risk-based internal audits by industry and emerging risk topic areas
- IT and data governance
- Cybersecurity
- ESG
- SOX compliance program
- Artificial intelligence
- Digital disruption
- Culture and people management
- Data analytics and automation
- Third-party risk management
- Disaster recovery and incident response planning
- Business continuity planning
- System implementation reviews
Risk-based operational audit support
Insurance specific MGAs
Quality assurance reviews / External Quality Assessments
Enterprise risk management (ERM) frameworks and implementation
IIA standards implementation

Our Approach to Internal Audit Support

At Centri, our internal audit advisory services offer a three-pronged approach to ensure you get the most comprehensive results. We blend risk advisory experts, industry-specific advisors, and technical specialists to ensure you’re getting a full picture of where you’re at.

Ultimately, our goal is to support your Audit Committee objectives and ensure you walk away with a clear picture of what actions will safeguard your business and foster its growth.

Our Process & What You Can Expect

Get to know you and learn your organization’s short and long-term goals.
Plan and scope out the internal audit solutions that fit your needs.
Identify business objectives, processes, controls, systems, and information critical to your internal audit.
Review, analyze, and test processes and controls.
Provide in-depth, action-oriented reporting detailing ways to enhance your business and mitigate risk.
Be an extension and valued partner of your team.

Business leaders in a meeting.

Looking For More Support?

Here are some other related services that can be helpful depending on the goals you have for your business.

SOX Compliance

IT Risk & Cybersecurity

Accounting Operations & Transformation

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