The main difference between an internal and external auditor is that the latter is not part of the company they would perform audit controls in, therefore the outsourcing of the function gives high level of comfort in terms of objectivity applied.
The External Auditor will verify if the achieved results are in line with the expectations. For an optimal level of efficiency, they will perform analysis on any malfunctions and their root cause, level of compliance with relevant procedures and requirements. A detailed customised report, including results and suggestions for improvement, will be prepared and provided within agreed timeframes.
The Outsourced Audit function in few lines:
- Ensure the company operates in a legal and ethical manner while meeting its business goals.
- Analyse performance, efficiency and capacity of achieving planned results.
- Identify areas to be improved and prepare a quality insurance program.
- Ensure Best-Practices are applied within the company.
Relying on Compliance Best-Practices is the key trough securing your investment, gain greater organizational efficiency, while showing stakeholders a strong commitment to ethical, regulatory and compliance values.
Having excellent interpersonal skills is essential for the External Auditor function. Our professionals adapt their approach to each unique business and in the same time keep their objectivity.
In Pirin Consulting we will do our best to answer your questions and fit with your requirements. Do not hesitate to use our contact form for more information on our services!