Internal Audit
Why Internal Audit matters
As the world enters a risk landscape that’s more complex and connected than ever before, it’s time for Internal Audit to shine. Internal Audit is at the heart of trust. It gives companies and their stakeholders confidence in their people, processes, systems and data, allowing them to see risk differently, move faster and make better decisions.
How HongShine can help you
At HongShine, we know that – with the right vision, approach and technology – Internal Audit can help organisations navigate risk and anticipate what’s coming. By providing confidence in people, processes, systems and data, Internal Audit allows organisations to see risk differently, move faster and make better decisions.
Our Internal Audit services go beyond compliance – we work with you to evaluate controls, identify areas for improvement, and provide practical recommendations that support better decision-making. Whether you need a fully outsourced Internal Audit function, co-sourced support, or assistance with specific reviews, our experienced team brings independence, insight, and a structured approach to help you protect and grow your business.
With HongShine, Internal Audit is not just the last line of defence – it’s also the first to be called to help.
How it works
1
Send your request to us
By using the contact details listed on our website, your information and request will be sent directly to us.
2
Our team will contact you
Our Customer Success team will contact you within a few business hours.
3
Match with a Partner
4
Discovery meeting
See our range of Internal Audit services
Wherever you want to take your organisation, our Internal Audit team can join you on the journey. We’ll ensure you’re using the information you need to deliver better business results now, and further down the track. What would you like to do?
I want to…
Set up or transform Internal Audit
Plan, develop and structure Internal Audit, so that it is the right fit for your organisation—and fit for the future.
Internal Audit function set-up
Internal Audit charter, strategy and vision
Policy and plan development
Restructuring Internal Audit (e.g. due to an IPO or merger)
Integrated assurance and alignment
Deliver the Internal Audit plan
Combine modern audit methods, technology, industry knowledge and subject matter expertise to deliver effective Internal Audit
Internal Audit co-sourcing and outsourcing, including:
Risk assessment (including use of digital risk tools)
Planning, scoping, and work programme design
Audit execution
Global project management, coordination and communication (multi-language)
Reporting and stakeholder engagement
Internal Audit management (including taking the Chief Audit Executive or Head of Internal Audit role)
- Organisation-wide internal controls programmes, such as Sarbanes–Oxley Act (SOX) or equivalent
- Third-party audits, such as vendor compliance and due diligence audits
Implement or use technology in Internal Audit
Implement the Internal Audit with increased efficiency and effectiveness.
Internal Audit technology strategy
System selection, implementation and configuration
Design and use data analytics, Robotic Process Automation (RPA), continuous auditing and Artificial Intelligence (AI). Our AI Tool helps support Internal Auditors with a comprehensive evaluation platform designed to assess the maturity of organisations to fully leverage the potential of AI, in a safe and responsible manner.
Alignment and integration with other technology across the organisation, including risk, compliance, and Enterprise Resource Planning (ERP) tools and data
Digital training and upskilling
Develop my people in Internal Audit
Build confidence and develop new skills to unleash the potential of your people and equip them for success.
Internal Audit talent strategy and framework implementation
Design and delivery of in-person and on-line training for:
Internal Audit and other assurance teams, including those running controls programmes
Business teams, including risk and control owners
Executive and other management, including upskilling on corporate governance topics
Subject matter specialist support on audits where knowledge transfer is important
Coaching and mentoring, including Internal Audit leadership, Audit Committee members and other management
Assess the maturity and quality of Internal Audit
Reframe, reinvent and reposition your Internal Audit function for success under the Institute of Internal Auditors’ newly released Global Internal Audit Standards.
Gap assessments and develop readiness plans for adopting the new Standards
Broader implementation support for specific elements in alignment with our ongoing Internal Audit Transformation initiatives, addressing newly required aspects according to the Standards:
Strategic planning
Assurance maps/combined assurance
Internal Audit methodology transformation
Evolve your capabilities to meet the promises and potential of ‘next-gen’ Internal Audit, and the expectations of your stakeholders.
Benchmarking and ‘health-checks’ on IA maturity and performance
Development and review of Internal Audit quality management framework and quality processes
Internal Audit Key Performance Indicators (KPIs), including alignment to corporate strategy
Optimising Internal Audit and stakeholder reporting
Address a particular business problem or risk
Leverage Internal Audit’s ‘superpowers’ to understand or quantify problems, provide advice on improvement and remediation, and offer perspectives on blindspots and emerging risks.
Examples of areas that Internal Audit can add value to:
Corporate transactions, such as due diligence and post-merger integration
Regulatory breaches, including root-cause analysis and remedial monitoring to satisfy regulators
Board effectiveness, such as management decision-making and delegation of authority (DoA) processes
Local country laws, regulations and risks; for example, as part of a market entry strategy
Culture and behaviours, for example, to address workstyle reform or organisational transformation risks