Through our internal audit services we provide assurance to audit committees and boards of companies over governance, risk management and the general internal control environment of the company. We tailor our approach to fit the needs of the company, and design an internal audit programme which involves an assessment of the risks faced by the business, as well as reporting on the controls in place to mitigate those risks. However, we don't just look to identify issues, we also work with management to design and implement appropriate solutions to address those risks and to improve the control environment in the business.
In the insurance industry in particular, insurance companies are required under Solvency II to have an internal audit function in place. Where insufficient internal resources are available to provide such a function, BDO is ideally placed to work in partnership with the company to ensure compliance. We offer our clients local resources backed by a global network of over 50,000 professionals across 154 countries.