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INTERNAL AUDIT CO-SOURCING
Helps upgrade in-house capabilities, specialized resources, valuable insights, training and geographical coverage

Astral’s provides assistance to organizations in the creation and development of a robust internal audit function. We offer co-sourcing in areas that may need specialized skills and help you strengthen your risk management capabilities.

Co-sourcing is a collective effort partnered by the in-house team of an organization and external assistance rendered by an external agency in the form additional support, specialized resources, expertise and insights, geographical coverage and more.

Astral through its strategic partnership offers expert assistance that may be required to up-grade your in-house capabilities.

We offer periodic recommendations on process performance improvements and for effective utilization of available resources. We also offer specialist training that will involve exchange of latest Audit techniques, risk assessment methodologies, use of audit tools and proven practices in Internal Audit.
  INTERNAL AUDIT CO-SOURCING
 
  FEATURES
  • Augments and bring in mandated improvisation to existing internal audit capabilities and resources of your organization through strategic partnership
  • Assist the Internal Audit function to meet the needs of the stakeholders
  • Recommend improvements for effective utilization of available resources
  • Impart Audit Techniques and Best Practices in internal Audit to your in-house Internal Audit Team
BENEFITS
  • The scope of the Internal Audit function is clearly defined and effectively carried out with the help of a collective mechanism
  • Internal audit is carried out within a recognized frame work and proven risk assessment methodologies, stated clearly with necessary details
  • The competency required for audit personnel involved in the process are identified and are bench marked with the current requirement for improvements
  • Exchange and sharing of expert knowledge leading to constant skill up gradation and knowledge on current practices in Internal Audit methodology
  • The Internal Audit Staff are trained in Computer Assisted Audit Techniques (CAATs) and other Internal Audit tools
  • The performance of internal audit function is appraised based on terms defined in the audit charter
  • A balanced Increase in the quality and output of the Internal Audit
  • Enhancement of IA process efficiency will minimize the cost of the IA function