Internal Audit Co-Sourcing Solutions
GRF Internal Audit Solutions allows you to quickly staff up or down to meet the changing needs of your organization, our Internal audit co-sourcing and outsourcing relationships can vary and are highly customizable. Co-sourced internal audit solutions bring a multitude of skillsets and deep expertise to the table. GRF can provide you with teams to readily perform audits on a standalone basis, or the ability to supplement your existing teams with the specific skill levels you might be missing. Need to travel? No problem! Our internal auditors love to travel! Check out some of the places we have been for our clients.
GRF’s team of CPA/CIA/CFE/CISA/CRISC/CITP/CEH certified professionals provide risk-based Internal Audit solutions across all aspects of operations for domestic and international organizations. After developing an in-depth understanding of the client’s operations and risks, GRF helps prioritize and assess key processes to identify vulnerabilities, enhancements, opportunities for automation, and best practice recommendations. GRF can provide you with the right level of financial, enterprise risk management (ERM), operational, IT, Fraud, and other risk resources.
Risk Assessment and Planning
- Annual Risk Assessment and Strategic Risk Identification
- Budget and Timing Projections
- Development of Internal Audit Plan
Internal Audit Plan Execution
- Onsite and Remote Fieldwork
- Observations and Recommendations for Risk Mitigation and Process Enhancement
Monitoring and Reporting Internal Audit Activity
- Maintenance of Risk, Observation Register(s), and Internal Audit Plan
- Reporting to Management, Board, and/or Delegated Committee
- Internal Audit Data Analytics
Customized Internal Audit Solutions Provide the Best Results
We serve as independent, trusted advisors to our clients in developing effective and custom-tailored Internal Audit plans through outsourced and co-sourced arrangements. Our practical, right-sized solutions are developed by first understanding your organization’s industry, strategic objectives, and control environment. This allows us to customize our Internal Audit plans accordingly.
We provide a comprehensive offering of Internal Audit solutions including, but not limited, to the following:
- Risk Process Reviews
- Strategic
- Financial
- Operational
- Technology/Cybersecurity
- Risk Management
- Accounting and Financial Controls Assessments
- SOX Project Management (Key Controls Evaluations)
- Financial Audit and Single Audit Readiness
- Fraud Control and Prevention
- Information Technology and Cybersecurity
- Business Continuity and Disaster Recovery
- Third Party Risk Management (TPRM) & Vendor Audits
- Board Governance Assessments
- Environmental, Social and Governance (ESG) Assurance & Advisory
- Enterprise Risk Management
- Pre- and Post-Strategic Initiative Assessments
- Culture, Human Resources and Talent Management Assessments
- Payroll Assessments
- Campaign Finance and Reporting
- Field Office Assessment (specializing in international locations)
- Whistleblower Assessments
- Accounting Systems Assessments
- Global and Deep-Dive Internal Audits
- Program Assessments
- Strategic Plan Assessment
- Procurement Audit
- Uniform Guidance Compliance Assessment
GRF’s Internal Audit Capabilities
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Case Study: Internal Audits Reduce the Risk Associated with Global Operations
Geographically dispersed organizations tend to have inconsistent policies and procedures across offices in different countries. This is often necessary to operate effectively, but it also represents inherent risks. This case study describes how one international nonprofit conducted an internal audit to effectively minimize the organizational risk associated with key business processes administered at headquarters — as well as at its field offices across the world.
GRF’s Risk & Advisory team is active in the community
Melissa Musser, CPA, CITP, CISA, and GRF Partner, is the president of the Washington, DC Chapter of the Institute of Internal Auditors (IIA DC).
Mac Lillard, CPA, CFE, CISA, CRISC, CITP, PCIP, serves as the chapter’s associate vice president of programs.
Partnership with NC State University
Since 2019, GRF has joined forces with NC State’s Poole School of Management for an annual 3-part workshop around Enterprise Risk Management and nonprofit risk. Learn more >>
Members of the Risk & Advisory team hold certifications and professional memberships within a number of industry organizations.
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