Internal Audit Advisory Services
Service / Business Consulting
Our Internal Audit Advisory services are designed to support Chief Audit Executives, and their teams, who are expected to advise management and the board about the organization’s ability to address emerging risk areas.
These areas include cybersecurity, artificial intelligence, regulatory compliance, operational resilience and financial/non-financial risk management. Building on our core capabilities, we provide valuable insights to support CAE’s in critical areas
Critical Areas of Expertise
Internal Audit Advisory Services
Advanced Analytics Capabilities
+ Comprehensive risk assessments using full population analysis
+ Continuous auditing and real-time monitoring solutions
+ Enhanced testing and assurance through advanced analytics
+ Fraud detection leveraging machine learning algorithms
+ Operational Insights and process improvement recommendations
AI-Powered Audit Solutions
+ Generative AI for automated report writing and documentation analysis
+ Traditional AI for pattern recognition and anomaly detection
+ Predictive analytics for emerging risk identification
+ Natural language processing for unstructured data analysis
+ AI-assisted scenario modeling and stress testing
Tailored Approach to help implement advanced analytics and AI
+ Current state assessment and roadmap development
+ Proof of concept projects to demonstrate value
+ Customized training and change management support
+ Integration with existing audit methodologies and tools
Team
Mark L. Frigo
Advisory Board
Economic Consulting
David Malcolm
Advisory Board Member
Business Consulting
Insights & News
Can banks ever achieve 100% compliance with international sanctions?
According to an article in the February 5th, 2024, Financial Times, an Iranian state-owned oil company, Petrochemical Commercial Company Iran (PCC), used UK-registered front companies to evade US...
The Risk of Prompt Transformation
The recent controversy around Google’s image generation where it is accused of engineering its Gemini AI application to produce “woke” images intentionally highlights a concept in AI development...
The contrasting paths of two hot sauce manufacturers show that managing exposure on multiple fronts is essential.
It was the best of times, it was the worst of times. The divergent fates of two rival condiment businesses — the best of times for McIlhenny Company, maker of well-known Tabasco-brand hot sauces,...