Internal Audit

Our internal audits are intended to provide the governing body of a Higher Education institution with an objective evaluation and opinion on the overall adequacy and effectiveness of how that institution is being run.

They can focus on a variety of areas, including governance, risk management and control processes. The aim is to add value and improvements to how an organisation is operating; we want our institutions to accomplish their objectives with a systematic, disciplined approach that can have profound, long-lasting effects. Our unique structure, working with a range of institutions, allows us to absorb institutional cultures and working practices, learning the strengths and weaknesses in depth.

We also provide expert internal management consultancy, to provide support and advice during periods of organisational change and rationalisation.

KCG has five key stages to deliver a tailored internal audit programme:

  • Develop a thorough understanding of your institution and its objectives, through discussion and a review of relevant documentation
  • Assess your institution’s current approach to risk management and decide whether it will support the development of a strategic risk-based internal audit plan
  • Identify and assess the key risks that could have a significant impact on your institution or department reaching its objectives
  • Develop the internal audit plan and obtain agreement from you that the plan is focused in the right areas before approval by the audit committee
  • Have regular re-appraisal of your potential risks that affect the scope and direction of the internal audit plan

Our audit plans are tailored for your needs, timetabled in agreement with you.

In addition to delivering internal audits through company membership, we also work with non-members, delivering these key services:

Outsourced internal audit

A range of audit solutions, including creating an audit strategy, assessing audit needs and planning, performing all audit work on your behalf and acting as head of an internal audit

Co-sourced internal audit

We supplement your in-house team with our specialist skills, including project management expertise and ICT.

Effectiveness and improvement

Effectiveness reviews assess how well your institution is operating and what key improvements could make things work more smoothly to meet the needs of the business.

Talk to our team

Enquiries &
questions

When it comes to something as important as ensuring your organisation is running smoothly and achieving its goals, we know that inevitably comes with questions. Feel free to contact us with any queries or questions you might have about KCG.