Internal audit

Internal audit, a tool for improvement

The purpose of the internal audit function is to regularly assess the adequacy of internal control and its effectiveness. It forms an independent function within the organisation for the periodic evaluation of operations, as well as an advisory activity designed to create value and improve activities.

Internal audit should be seen as an activity designed to assist the company in achieving its objectives through a methodology designed to evaluate and improve the effectiveness of risk management, controls, corporate governance processes and customer satisfaction.

A broad range of services

ARCAD offers a broad range of services, from assistance to the complete outsourcing of the internal audit function :
  • Setting up the internal audit function
  • Preparation of the triennial and annual audit plan
  • Preparation of the audit charter
  • Preparation of audit programmes tailored to the specific risks of the organisation
  • Assistance to the internal audit function
  • Support to the person in charge of internal audit
  • Outsourcing of the internal audit function
  • Full handling of the internal audit function
  • Setting up the permanent audit

The choice of one audit approach over another depends on the risks faced by the company, the audit objectives and the resources available to the organisation. Our internal audit approach takes into account these different elements in order to be adjusted to the needs of each client.

The recourse to an external expert provides many advantages, not only in terms of cost, but also in terms of expertise regarding local legal and regulatory requirements.

Permanent Internal Audit

As a third line of defence, internal audit should regularly and independently assess the adequacy of internal control.
 
The permanent nature of theinternal audit function is key. Internal audits must be carried out on a regular basis and during the year under review, even if an external expert is appointed.
 
ARCAD implements permanent internal audit within your organisation and enables you to benefit from numerous advantages.

Compliance with the regulator's expectations

Anticipation and deadline meeting

Regular follow-up of audit recommendations

Permanent sharing of information

  • Compliance with the regulator's expectations
  • Anticipation and deadline meeting
  • Regular follow-up of audit recommendations
  • Permanent sharing of information

Time saving & efficiency

Our services are supported by the use of the VIGIL application developed and hosted in Luxembourg. This application enables us to secure and facilitate the permanent sharing of information between ARCAD and its clients.

Our intuitive and secure communication platform allows to :

  • Send questionnaires linked to the internal audit topics
  • Send document requests
  • Assign requests to different staff members
  • Upload supporting document
  • Keep an audit trail
  • Download progress reports in one click

Our strengths

An approach tailored to your needs
Use of a unique application that facilitates the sharing of information and the progress of the mission
An accessible and reactive team
Knowledge of local legal and regulatory requirements

Information request

Appointment request

Quotation request