Internal audit’s (IA’s) challenges are many. Today’s leading IA functions are forward-looking and committed to adding real value to the organization. They’ve matured from being reactive to proactive.
Still, it’s no easy task to keep pace with ever-changing regulations, anticipate industry trends and guard against unknown future risks – often with a skeletal staff. Even worse, the skilled resources an organization needs to achieve its business objectives aren’t always available when or where they’re needed.
IA co-sourcing and outsourcing can deliver many real benefits, including short- and long-term cost flexibility and scalability. In fact, outsourcing can often result in cost savings of as much as 20 to 40 percent.
Marcum’s specialized IA co-sourcing and outsourcing solutions for IA operational and business risks are designed to add significant value and make your job easier through:
- Co-sourcing services, providing industry-savvy professionals to fill the gaps. Whether you need one specific skill-set not available internally, an entire team to execute your internal audit plan, or something in between, Marcum can help.
- 2) Outsourcing services, providing your organization with an experienced, fully staffed IA team. In addition to other benefits, outsourcing removes the time-consuming burdens of hiring, training and retaining talent. It’s also a cost-effective way to access industry-leading practices and the latest thinking on issues affecting your business.
If you’re considering more flexible options for your IA function, Ask Marcum. Let’s open a dialogue to discover whether IA co-sourcing or outsourcing is the right fit for your organization.