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Risk Advisory

Internal Audit Consulting Services

Evolving regulations, new technologies and manual processes can create risk management gaps. Get customized expertise to reduce your risk and regain control.

Our Approach

What Are Internal Audit Consulting Services?

Internal audit consulting services help you achieve business goals by enhancing the effectiveness of your operations, controls and processes. These services go beyond the traditional independent financial statement reviews, focusing on aligning business practices with organizational goals to drive measurable results and improve business performance.

Internal audit experts specialize in assessing risk management, corporate governance and internal controls to safeguard assets, prevent fraud and ensure regulatory compliance. By addressing critical areas, you can gain valuable insights, actionable recommendations and a stronger foundation for long-term success.

Your Advantages

Internal Audit Consulting Benefits

Internal audit consultants deliver critical advantages to your organization, including helping you:

  • Stay on track to meet strategic, financial and operational goals
  • Proactively manage compliance risks and regulatory demands
  • Protect your organization’s reputation
  • Tap into objective, industry-specific expertise
  • Increase transparency and accountability
  • Deploy data analytics to streamline risk assessment and fraud monitoring
  • Strengthen risk management practices
What We Offer
Internal Audit Consulting Services Overview
Cover every aspect of your organization’s internal control environment with specialized expertise and industry-specific insights, so you can boost productivity, fortify controls, navigate complex regulatory requirements and demonstrate accountability to stakeholders.
Internal Audit Risk Assessment
Internal Audit Risk Assessment
Identify the most significant threats to your organization
Internal Audit Function Consulting
Internal Audit Function Consulting
Get expert guidance developing a solid internal audit framework
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Internal Audit Outsourcing Services
Get specialized support to fix issues and improve controls
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Internal Audit Quality Assurance Review (QAR) Services
Validate the effectiveness of your internal audit function
Automation and Analytics Services
Automation and Analytics Services
Optimize internal audits with automation, AI and expert insights

Internal Audit Risk Assessment

Uncover key threats with enterprise-wide risk assessments, AI and expert insights. Our team helps you align audit plans with your strategic goals and compliance needs through:

  • In-depth internal control evaluation to pinpoint vulnerabilities
  • Targeted risk mitigation strategies
  • Enhanced oversight and governance
  • Audit benchmarking
  • Risk workshops

Internal Audit Function Consulting

Build a strong internal audit function with consultants who specialize in strategy, design and governance. Our team helps you create and implement strong internal audit frameworks, define key metrics and adapt to change with:

  • Internal audit program development
  • Strategic internal audit advisory
  • Internal audit training and upskilling
  • Policy and framework documentations
  • Audit staff onboarding and retention

Internal Audit Outsourcing Services

Reinforce your internal control environment with expert outsourcing services. Our team works as an extension of your organization, providing tailored support to address financial, operational, compliance and strategic business needs. Whether you choose full outsourcing, co-sourcing or staff augmentation, we help with:

  • Financial audits (financial reporting and accounting, ICFR, fraud prevention)
  • Operational audits (supply chain, inventory management, IT, HR)
  • Regulatory compliance audit (SOX, AML, GDPR, HIPAA, FFIEC, FDICIA)
  • Business strategy audits (corporate governance, enterprise risk management, crisis management, and organizational culture)
  • IT general controls (SOX, FFIEC, GLBA, FDICIA, SLDC)

Internal Audit Quality Assurance Review (QAR) Services

Elevate the effectiveness and credibility of your internal audit function. Meet industry standards, find improvement areas and enhance overall performance with:

  • External quality assessments of internal audits to meet Institute of Internal Auditors requirements
  • Internal quality assessments to drive continuous improvement

Automation and Analytics Services

Transform your internal audit function into a forward-thinking, proactive resource. Work with experienced audit professionals to boost effectiveness, secure your infrastructure and protect your organization from emerging risks. Leverage innovative risk management and process automation solutions that drive efficiency and deliver strategic value with:

  • Data analytics and AI that support real-time dashboards, data visualizations, trend insights and irregularity detection
  • Process automation to enhance audit testing, fraud and cybersecurity vulnerabilities and predictive scenario modeling
  • Internal audit management software consulting to optimize your technology use, streamline workflows, improve audit tracking and improve reporting efficiency

Checklist

How to Choose an Internal Audit Consultant

Choosing the right internal audit consultant is critical to strengthening your internal control environment and ensuring effective risk management. Use these questions to help you find a consultant who has:

  • Industry Experience. Does the internal audit consulting team have at least 10 years of experience in your industry that can add value and provide insights?
  • Audit Credentials. Does the team bring relevant credentials (such as CPA, CISA, CIA, CFE, CRMA, ERM-trained)?
  • Comprehensive Services. Can the firm provide a full range of internal audit consulting services to fit your specific needs?
  • Technology. Does the firm provide advanced technology (AI, data analytics, etc.) to streamline your risk management?
  • Customized Solutions. Does the firm provide a flexible level of support that meets your needs?
  • Proven Track Record. Does the firm have success stories, case studies or references from similar companies that demonstrate their ability to add value?
  • Up-to-Speed on Standards. Can they help you meet standards of the Institute of Internal Auditors’ International Professional Practices Framework (IPFF)?
  • Regulatory Expertise. Does the team stay current with changing regulations relevant to your industry and offer proactive compliance solutions?
  • Collaboration and Communication. Does the consulting team have a reputation for clear, consistent communication and effective collaboration with your in-house team?
  • Ongoing Support. Can the firm offer continuous support beyond the initial project, including training and advisory services geared toward long-term success?
Internal Audit
Proven Expertise
Why Armanino for Internal Audit Consulting?

With over three decades of internal audit experience and prestigious accolades, we deliver proven industry expertise and customized services nationwide. Our subject matter experts are comfortable working with organizations from a wide range of industries, including healthcare, retail, financial services, nonprofit and manufacturing. Expect deeper insights and effective results.

Internal Audit Services – Case Studies

  • Goodwill
    (internal audit consulting and CFO advisory, nonprofit industry, retail store risk assessment and improving internal controls challenge)
  • Missouri Employers Mutual
    (internal audit and consulting, insurance industry, validating system and process changes and identifying streamlining opportunities challenge)
Identify Key Risks

Internal Audit Consultation

Don’t let hidden risks derail your goals. Get an initial internal audit consultation to pinpoint critical control gaps and learn next steps to strengthen your defenses.

Resources
AI in Internal Audit: Why, What and How
Article
AI in Internal Audit: Why, What and How
AI is elevating internal audit — boosting accuracy, speed and insight while empowering both audit and auditor.
August 22, 2025
Build Operational Resilience: 4 Internal Audit Trends to Help You Address Emerging Risks
Article
Operational Resilience: 4 Internal Audit Trends to Help You Address Emerging Risks
As your organization evolves, an internal audit can provide a roadmap to understand risks and identify opportunities.
April 03, 2025
Optimize Your 340B Program: 5 Best Practices to Reduce Risk and Increase Efficiency
Article
Optimize Your 340B Program: 5 Best Practices to Reduce Risk and Increase Efficiency
Do you have the data visibility, internal expertise and time to reduce your 340B risk?
July 23, 2024
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