Internal audit

Internal audit is vital for organizations to strengthen internal controls, manage risks, ensure compliance, prevent fraud, improve operational efficiency, hold management accountable, and drive continuous improvement. By providing independent and objective assessments, internal audit adds value and contributes to the overall success and sustainability of an organization.

What can Elevate offer your organization?

  • An unbiased and objective perspective that helps ensure audit assessments are impartial and free from any potential conflicts of interest.


  • Specialized skills and expertise in conducting internal audits across different industries and organizations. Our practitioners bring a wealth of knowledge, experience, and best practices that will enhance the quality and effectiveness of the audit process.


  • A more cost-effective and efficient option compared to maintaining an in-house audit team. Using our services eliminates the need for continuous training, recruitment, and overhead costs associated with staffing an internal audit department.


  • You are able to access a broader range of skills, knowledge, and experience. It enables more comprehensive and thorough assessments, covering a wider scope of internal controls, processes, and risks.


  • We can challenge existing practices, identify blind spots, and offer innovative solutions. Our external viewpoint helps uncover issues that may have been overlooked by internal staff due to familiarity or bias.


  • Working with our firm enhances the credibility of the internal audit process. External stakeholders such as investors, regulators, and customers may have greater confidence in the objectivity and thoroughness of the assessments conducted by an independent party.


  • Certain regulations and standards may require organizations to engage external auditors for specific assessments. Hiring Elevate can help ensure compliance with such requirements, avoiding potential penalties or legal issues.

It’s important to note that while third-party auditors offer many benefits, organizations should still maintain appropriate oversight and involvement in the audit process. Clear communication, defined objectives, and collaboration between the organization and a third-party auditor are crucial to achieving the desired outcomes of the internal audit assessments.

What We Offer

Co-Sourcing and Outsourcing

Co-sourcing offers flexibility, as organizations can scale their internal audit team based on their specific needs and the complexity of their operations. It enables you to tap into specialized skills and industry best practices that may not be readily available in-house, enhancing the quality and depth of the audit process.

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IT Audit

We can serve as your technical IT outsourced and/or co-sourced internal audit function and provide the depth and expertise required to perform your IT audits and/or augment your team when deep expertise is required (e.g. Cloud Security, Internet of Things, AS400, and other legacy systems, Network Security, etc.).

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Operational Risk Management

By leveraging our operational risk management services, organizations can enhance their ability to anticipate and mitigate potential risks, improve operational efficiency, and safeguard their reputation and financial well-being.

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Sarbanes Oxley (SOX)

The main objectives of SOX compliance are to enhance financial accuracy, prevent fraudulent activities, and protect the interests of shareholders and the general public. Non-compliance with SOX can result in severe penalties, including fines, imprisonment, and damage to a company’s reputation. To achieve SOX compliance, organizations typically engage in internal control assessments, independent audits, and the implementation of robust governance and risk management processes.

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