C-Suite Guardian is a boutique firm specialising in internal audit services, offering comprehensive corporate governance, cybersecurity, and risk management services. Our core competencies lie in the fields of internal audit, cybersecurity and risk management, where we leverage extensive knowledge and experience to provide outsourcing internal audit services tailored to the unique needs of our clients. serving Australia, Sydney, Brisbane, Melbourne, ACT, Malaysia, Penang, Singapore, NZ and Auckland.
Our team comprises highly experienced and dedicated professionals who serve a diverse clientele, including publicly listed companies, large corporations, government entities, and associations. We pride ourselves on our ability to customise our services to meet the specific interests and requirements of each client, ensuring that we deliver the highest level of value and support.
We are adept at preparing a complete set of Standard Operating Policies and Procedures aligned with an organisation’s existing business processes, ensuring that our solutions effectively enhance operational efficiency and compliance.
Enhance your internal audit capabilities, gain fresh perspectives on risk, and deliver insights that instil confidence. Transform your internal audit function in alignment with the new Global Internal Audit Standards™ issued by the Institute of InternalAuditors (IIA).
These standards, released on January 9, 2024, will take effect in January 2025, presenting a transformative opportunity for internal audit (IA) functions to engage more effectively with stakeholders, align capabilities for the future, and elevate the value they provide to their organizations.
As organisations develop implementation plans to comply with these new standards, the collaboration between the board and various departments becomes essential. This preparation not only facilitates compliance but also opens avenues for the IA function to reframe, reinvent, and reposition itself for success.
In an increasingly complex and interconnected risk landscape, the role of Internal Audit is pivotal. IA serves as the cornerstone of trust, providing organisations and their stakeholders with confidence in their people, processes, systems, and data. This unique perspective enables organisations to see risk differently, react swiftly, and make informed decisions.
At C-Suite Guardian, we believe that Internal Audit can act as an organisational lighthouse, guiding firms through the fog of risk and illuminating new opportunities for value creation. With the right vision, strategy, and technology, Internal Audit can not only protect existing value but also reveal new avenues for growth.
Our extensive experience working with leading global organisations has shown that tackling significant challenges requires collaborative efforts. By combining our capabilities, we amplify the value delivered to clients.
Modern Internal Audit must integrate skills and expertise from various domains to effectively address the diverse risks that organizations encounter. At C-Suite Guardian, we enhance our core Internal Audit Services by collaborating with specialists in areas such as cybersecurity, ESG, regulatory compliance, culture and behavior, forensics, and tax. Our incorporation of industry experts and cutting-edge digital tools ensures that Internal Audit remains focused on the most relevant issues and operates efficiently.
This integrated approach results in a multiplier effect, yielding better risk coverage, increased efficiency, and more valuable insights. Our top-rated internal audit services in Sydney, Perth, Adelaide, Hobart, Tasmania and Melbourne help organisations address complex risks effectively.
Plan, develop, and structure your outsourcing internal audit services to align with your organisation‘s needs and future aspirations, including:
Internal Audit function setup
Development of Internal Audit charter, strategy, and vision
Policy and plan formulation
Restructuring IA in response to an IPO or merger
Organisation-wide alignment and integrated assurance across the first, second, and third lines
A bold vision for Internal Audit, aligned with other governance functions, positions IA as a pioneer, reduces duplication, fosters collaboration, and ultimately fortifies the risk shield around your organisation.
For more information on how C-Suite Guardian can assist you in achieving your governance and advisory goals, please contact us.
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In 2023, The Institute of Internal Auditors (IIA) revised its Global Internal Audit Standards™ (“the Standards”) to support the ongoing evolution of the internal audit profession and assist organizations in navigating today's complex risk landscape.
This revision presents a significant opportunity for Internal Audit (IA) functions to integrate the latest advancements in best practices, driving transformation and enhancing the value they deliver to their stakeholders.
As organisations prepare for the implementation of these new Standards, they must assess their responses and implement necessary changes throughout 2024, with full compliance expected by 2025.
The Institute of Internal Auditors (IIA) has introduced new Global Internal Audit Standards™, which emphasise critical aspects of internal audit services. These standards, accessible on the IIA's global website, highlight the following key areas:
Enhancing the engagement of the board (or equivalent) in the internal audit process to foster oversight and alignment with organizational goals.
Establishing a clear mandate, vision, and strategic plan for the internal audit function to ensure its relevance and effectiveness within the organisation
Promoting a comprehensive understanding of risks and ensuring appropriate coverage throughout the organisation, enabling proactive risk management.
Implementing robust processes for planning, tracking, and measuring the performance of the internal audit function, focusing on efficiency and quality.
Enhancing IA reporting practices to ensure effective communication of findings and evaluations, facilitating informed decision-making.
These enhancements provide a framework for internal audit functions to align with evolving business environments and emerging risks, ensuring they deliver greater value and effectiveness. For further details on how C-Suite Guardian Services can help you navigate these new standards, please contact us.
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The recent Global Internal Audit Standards™ extend beyond the Internal Audit (IA) function; they have implications for the entire organisation. To fully capitalise on the opportunities presented by these new Standards, collaboration is essential among the Board, senior management, and each line of defense.
A robust IA function is instrumental in helping the organisation achieve its strategic vision by building resilience that protects value and fosters confidence in transformation efforts.
Has leadership provided adequate input to the IA plan concerning strategic priorities?
Can the new IIA Topical Requirements assist in sharpening our focus on strategic risks?
Are we able to coordinate investments and efforts across teams to maximise the return on investment from these changes?
Aligning and collaborating with IA strengthens the organisation's risk management framework while optimising assurance and monitoring activities.
Can we utilise assurance mapping to reassess our risk coverage?
Where can joint training and upskilling initiatives enhance our collective expertise in key risk areas?
What opportunities exist for collaboration with IA in terms of approach, tools, technology, and data?
Utilizing the new Standards enables the continuation of the IA transformation journey and fosters a new level of engagement with stakeholders.
Is there an opportunity to refresh our IA strategy and align it with the organisation's latest objectives
How can the new Standards facilitate change in IA regarding people, processes, and technology?
How can we measure and monitor the benefits derived from implementing the new Standards?
By embracing a unified approach, organisations can effectively navigate the evolving landscape of internal audit and risk management, ultimately leading to enhanced resilience and value creation.
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Organisations vary significantly in their maturity levels concerning corporate governance and risk management. A modern Internal Audit (IA) function is essential for navigating a dynamic risk landscape and implementing the latest standards and best practices.
Implementing the new Global Internal Audit Standards involves five key steps. Our local C-Suite Guardian team is ready to assist you in maximising value at every stage of this transformation.
We deliver best-in-class internal audit services in Australia, Singapore, Malaysia, NZ — including Sydney, Melbourne, Brisbane, ACT, Perth, Adelaide, Hobart, Tasmania, Kuala Lumpur, Penang, Johor, Auckland.
