Internal Audit

Today, the internal audit function should offer more than regulatory compliance; it should assist in achieving efficiency and excellence in business performance.

Challenging economic conditions, a competitive business culture, and rapidly changing regulatory requirements have changed the role of the internal auditor.

At Stantons, our internal audit offering embodies this premise. Our approach is not just about performing compliance reviews. By embracing a systematic, disciplined methodology, we provide a valuable tool which assists management and boards in achieving overall objectives as well as strengthening internal controls and governance.

Our service is outcome orientated and tailored to the needs of your business. We focus on compliance based audits for clients with a new internal audit function to ensure they meet regulatory requirements and performance- and operational-based engagements for clients with greater maturity.

Our experienced consultants ensure they fully understand your business, its culture, systems, strategies, and goals so we can accurately assess, prioritise and mitigate the unique issues and risks associated with it.

Our senior leadership audit and assurance team delivers personalised and cost-effective solutions specific to your needs as well as a wide range of grant acquittals, financial statement analysis and technical internal audits such as reviews against operating licence obligations or government codes.

Independent insights and analysis also lead to practical recommendations for immediate improvements in your operations, efficiency, risk management, accounting practices, and financial position.

Stantons can also provide internal audit resources for an extended period, a service that has helped us retain several long-term clients. Other clients fully outsource their internal audit functions to our team of qualified professionals, who will have an in-depth understanding of your business culture, systems and processes, particularly within a government context.

Our role is to provide independent, objective assurance and consulting activities designed to add value and improve an organisation's operations by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance.

How We Work

• Discovery and context to understand objectives and constraints.
• Risk-based planning aligned to strategic priorities.
• Targeted testing focused on key controls and outcomes.
• Clear reporting for management and committees.