AVAKA Financial Services
South AfricaEnd-to-end assurance

Internal audit outsourcingEstablish an internal audit function leadership can rely on.

AVAKA provides a fully managed internal audit function with a risk-based plan, disciplined engagement delivery and reporting designed for management and audit committee decisions.

Discuss this serviceReview the scope
South African business environment representing internal audit outsourcing

Standalone service

Internal audit outsourcing

An independent internal audit function covering planning, execution, reporting and committee support.

Questions this service answers

A precise scope starts with the right question.

  1. 01

    Is the audit plan aligned to the risks that can materially change outcomes?

  2. 02

    Does the committee receive clear evidence on control effectiveness and remediation?

  3. 03

    Can the function maintain quality, independence and delivery discipline throughout the year?

Choosing the right scope

When internal audit outsourcing is the right model

Internal audit outsourcing gives an organisation an independent, managed internal audit function without requiring it to build every capability in-house.

AVAKA can connect the audit universe, risk-based plan, engagement cycle, audit committee reporting and issue follow-up in one accountable mandate. For South African organisations, the scope is shaped around the operating model, governance responsibilities and applicable public-sector or regulatory context.

Consider this service when

  • An internal audit function needs to be established, stabilised or reset.
  • The annual plan is slipping because capacity and specialist skills are fragmented.
  • The audit committee needs one accountable delivery model from planning through remediation follow-up.
Defined outputs

Evidence designed for action.

Final coverage follows the agreed target, authority, materiality and evidence available. These are the core outputs around which the engagement is built.

  • 01

    Internal audit and audit committee charters

  • 02

    Risk-based audit universe, strategic plan and operational plan

  • 03

    Engagement scoping, fieldwork and evidence files

  • 04

    Committee-ready reporting, issue escalation and remediation tracking

Delivery discipline

A method that protects the conclusion.

  1. 01

    Frame

    Set the mandate

    Confirm scope, stakeholders, materiality and the decisions the work must support.

  2. 02

    Map

    Trace risk to control

    Connect objectives, risks, controls, evidence sources and accountable owners.

  3. 03

    Test

    Challenge the evidence

    Use proportionate sampling, analytics and interviews to test design and operation.

  4. 04

    Land

    Make action unavoidable

    Report root causes, prioritise exposure and agree realistic remediation ownership.

Reference points

Criteria agreed before testing begins.

  • Global Internal Audit Standards
  • King V governance principles
  • PFMA and MFMA context where applicable

Applicability and final criteria are confirmed during engagement scoping.

Also in Internal audit

Related services

01.02Internal audit co-sourcingTargeted expertise and delivery capacity integrated into the existing internal audit function.01.03Internal audit quality assessmentA focused assessment of conformance, performance and improvement priorities for internal audit.01.04Targeted control reviewA defined review of a high-risk process, programme, project or performance information chain.

Start with the target

Define what this internal audit outsourcing needs to prove.

Request a scoping call