GRC

Internal Audit

Understand and mitigate your risks

Gain new insights into the risks to your organization faces and the controls you need to manage those risks when our experienced internal auditors complete a risk-based internal audit plan.

A strong internal audit can help you uncover if your employees are taking shortcuts or not following procedures. It can also identify best practice recommendations, note inconsistencies and identify areas of redundancy for streamlining.

Our team can:

  • Help to identify the areas of highest risk within your organization and build a risk-based internal audit plan that ensure internal audit time and dollars are spent in the areas with the most impact. 
  • Discuss controls with your process owners, test for compliance with established controls, and provide real-world examples and industry best practices tailored to your organization
  • Save you time and money by supplementing your internal team when necessary to ensure your internal audit plan is completed.   

The Wipfli difference

Other firms may send you a standard year-end auditor who doesn’t specialize in internal audit and brings a checklist mentality to your organization.  

We won’t.

Our professionals specialize in internal audit and bring a consultative mindset that assesses your true risks and works with you to develop a strong, tailored internal audit plan.

And instead of leaving you with a laundry list of to-do items after your internal audit is complete, we walk you through your remediation options and help you determine approaches and solutions to mitigate your risks that are tailored to your organization’s needs, goals, and challenges.

Whether you’ve got an internal audit team who needs a little extra help or you’d prefer a hands-off solution, we can help: 

Co-sourced internal audit 

If you have one or more internal audit team members but they’re inexperienced, going on leave or simply overwhelmed with the work, our co-sourcing solution is a great option. Our professionals lend a hand wherever you need it. From mentoring and guiding inexperienced team members to helping your team perform the risk assessment and develop the internal audit plan, we can be as little or as much involved as you need us. 

Outsourced internal audit

If you don’t have internal resources and want a completely hands-off solution, we also offer outsourced internal audit. We take care of everything for you. You don’t have to worry about hiring and retaining specialized experts in-house, and our solution is much more cost-effective anyways.  

What our internal audit solutions include

We can meet any or all of your internal audit needs with these solutions: 

  • Internal control risk assessments
  • Risk-based audit planning
  • Operational audits
  • Independent and objective analysis
  • Special project needs
  • Internal auditor training
  • Internal auditor workpaper review and mentoring
  • External Quality Assessments of the internal audit function in accordance with The Institute of Internal Audit (IIA) Professional Standards
  • Self-Assessment with Independent External Validations of the internal audit function in accordance with IIA Professional Standards
  • Advice and consultation on internal control issues, control design, and risk-reduction strategies
  • Mandatory financial reporting consulting, such as SOX and FDICIA.

Benefit from Wipfli best practices — and don't miss a deadline.

 
 

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Featured Thought Leader

Sara Mikuta, CPA, CGMA, CIA, CRMA

Sara brings over 30 years of experience and leads a team responsible for the development and delivery of internal audit services, regulatory compliance examination services, loan portfolio services, information technology services, and fiduciary and trust services. Her depth of knowledge and experience provides her clients with the necessary tools to be successful in their endeavors.

Robert D. Cedergren, CPA, CGMA, CITP, CISM, CISA, CGEIT

Bob is the leader of Wipfli’s risk advisory services practice. Leveraging his 20+ years of experience, Bob provides consulting services to clients in the areas of risk management and is a frequent speaker and author on risk management-related topics including risk assessments, business continuity planning, and management of internal controls.

Sarah G. Lutzke, CIA

Sarah leads the internal audit service line for Wipfli. Still deeply involved with her clients, Sarah leads outsourced internal audit engagements and manages co-sourced arrangements, ensuring Wipfli’s risk management consulting assistance is tailored to the individual circumstances of each client. Sarah has the experience and ability to evaluate controls within a process and provide sensible recommendations to strengthen operating environments.

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