Internal audit

Providing independent, objective and rigorous assurance over the robustness of your charity’s operational and financial position is fundamental to improving performance and good corporate governance.

Like our approach to internal audit, our aim is straightforward – to help you support your service users and stakeholders in the most effective way possible.

Our approach

At Scott-Moncrieff, we offer a fresh approach to internal audit, combined with extensive experience of advising charities and not for profit organisations. We are confident that our team cannot be beaten in terms of skills, expertise, enthusiasm and, most importantly, value for money.

To allow us to provide a strategic, targeted internal audit function that focuses on the key risks to the achievement of your objectives, the internal audit plan will be directly linked to the corporate risk management arrangements by way of a risk and audit needs assessment.  But this is just the first stage.  Our entire internal audit methodology relates to the risk management framework and risk registers, at every stage of the audit cycle.

Our process includes:

  • Collaborative strategic planning: identifying risks to your charity and their links to the strategic objectives.
  • Tailored assignment plans: detailing the scope and objectives alongside the relevant risks.
  • Clear reporting: concise outcome drawing conclusions and providing an action plan for each issue.
  • Proactive follow-up: Quarterly audit surgeries to monitor progress against the action plans.
  • Forward-looking annual report: audit opinion on overall internal controlenvironment to inform the trustees’ internal control statement and comment on risk registers.

Clear opinions

Our risk-based approach aims to position the work of internal audit in the context of the charitable organisation’s own risk management framework and, in so doing, to provide a cornerstone of governance. 

We will work with your Trustees and Audit Committee to develop an understanding of your financial, operational and governance risks and deliver a practical tailored report. In delivering our output we believe that our clients pay for and deserve a straight answer, free from lengthy disclaimers and caveats, and we pride ourselves on providing clear opinions that deliver maximum assurance.