Internal Audit Services in Kenya

Outsourcing your internal audit function to FNJ provides several benefits:

• Expertise and Experience: Our team consists of experienced professionals and Certified Internal Audit Quality Assessors who bring a wealth of knowledge and best practices.
• Cost-Effectiveness: Outsourcing can be more cost-effective than maintaining an in-house team, as it eliminates the need for recruiting, training, and retaining internal auditors.
• Enhanced Efficiency: We offer tailor-made technology solutions to digitize and streamline the internal audit process, improving agility and accuracy.
• Objective Assessment: Our third-line roles ensure an independent and objective assessment of your internal controls and risk management processes.
• Compliance and Governance: We help ensure compliance with local and international standards and frameworks, enhancing your organization’s governance and internal controls.

FNJ supports the entire internal audit cycle through a comprehensive approach:

• Planning: We work with you to understand your objectives, risks, and control environment, developing a tailored audit plan.
• Execution: Our team performs detailed audits, testing controls, and assessing risk management processes.
• Reporting: We provide clear, actionable reports with findings, recommendations, and improvement areas.
• Follow-Up: We track the implementation of recommendations and ensure that corrective actions are taken effectively.

Yes, FNJ can assist in establishing an internal audit function from the ground up. We offer support in:

• Designing and Structuring: Creating the framework and processes necessary for an effective internal audit function.
• Resourcing: Helping you determine the appropriate staffing and skill sets required.
• Compliance: Ensuring that the function aligns with local and international laws and standards.
• Tool Implementation: Providing and implementing tools and technology solutions for efficient audit operations.

In a co-sourced arrangement, FNJ works collaboratively with your in-house audit team. Our role includes:

• Functional Reporting: Providing audit services and reporting directly to the Board Audit Committees.
• Administrative Reporting: Coordinating with the Chief Executive Officers for administrative purposes.
• Oversight and Guidance: While our team performs the audit work, we ensure that the internal audit function is aligned with your organization’s needs and standards.

FNJ’s technology solutions improve the internal audit process by:

• Digitization: Transforming traditional audit processes into digital workflows for better efficiency and accuracy.
• Agility: Providing tools that allow for real-time data analysis and quicker responses to emerging risks.
• Customization: Tailoring technology solutions to fit your specific audit needs and objectives.
• Integration: Ensuring that the technology integrates seamlessly with your existing systems, improving overall audit effectiveness.