Internal Audit & GRC Support
Internal audit that drives assurance and improvement
An effective internal audit function does more than tick boxes. It provides assurance to boards and audit committees, while also delivering insights that improve processes, strengthen controls, and support long-term goals.
At BDO Jersey, our Internal Audit and GRC (Governance, Risk & Compliance) services are designed to give you both — independent assurance and practical recommendations that add value across the organisation.
Assurance for boards and stakeholders
Boards, audit committees, and non-executive directors carry increasing responsibilities under codes such as the UK Corporate Governance Code and the Quoted Companies Alliance (QCA) Code. Even when these do not apply directly, they remain important benchmarks of good practice.
We help boards meet these expectations by providing assurance over governance, risk management, and internal control. Our work not only satisfies compliance requirements but also gives directors confidence that risks are being addressed and opportunities managed effectively.
Tailored audit solutions
No two organisations are alike. Some need a fully outsourced internal audit function, others want co-sourcing to supplement their in-house team, and some seek specialist input on particular projects. We design audit programmes that reflect your structure, sector, and objectives, including:
- Internal audit outsourcing – delivery of your entire internal audit function.
- Internal audit co-sourcing – working alongside your in-house team for additional capacity and expertise.
- Internal audit partnering – providing strategic guidance and methodology while your team carries out fieldwork.
- Continuous auditing and monitoring – using data and technology for ongoing testing and real-time insights.
Our approach is hands-on. We don’t just identify issues; we help implement practical solutions that are realistic for your business.
Enhancing committee effectiveness
Audit committees play a critical role in overseeing financial integrity and internal control. We provide advisory support to help committees operate effectively, covering:
- Committee structure and composition.
- Agendas and reporting packs.
- Independence and objectivity of audit functions.
- Oversight of whistleblowing, compliance, and regulatory issues.
By working closely with audit committee chairs and members, we help ensure that oversight responsibilities are fulfilled with clarity and confidence.
Adding value through innovation
Our internal audit services are not limited to assurance. We bring ideas and innovation to executives and boards, helping organisations achieve their aspirations. This includes:
- Process and internal controls consulting – streamlining processes and embedding better controls.
- Quality assurance reviews – independent reviews of existing audit functions.
- Training and awareness – tailored sessions to raise awareness of compliance issues, supported by video and digital content (your “Compliance Training” resources can sit here).
By blending audit expertise with practical business insight, we provide outcomes that extend beyond compliance into measurable improvements.
