Value Assessment Review (VAR) of Internal Audit Function

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Internal Audit gives the assurance that the controls and processes are working in the manner intended. However, this assurance should also be applied on the Internal Audit function for the Owners, and Audit Committee to ensure that their certifying agent is also working as intended. It is important that the stakeholders identify the necessity for such a step and extend its resources to achieve the same. It is time that these risks are also addressed in organizations with a perspective for re-alignment.

Affility provides organizations having in-house internal audit departments an independent Assessment Review of their Internal Audit Function. This is bound to add value to the stakeholders as Affility’s Auditors assess the functioning of internal audit departments under various models of structuring. They apply the necessary knowledge, skills, and operational understanding for the specific industry to conduct an efficient review of the internal audit department’s functioning.