Outsourced & Co-sourced Internal Audit Services​

Our Outsourced and Co-sourced Internal Audit Services are designed to assist organizations in either fully executing the internal audit function or collaborating with your existing internal audit team to ensure effective risk management and compliance monitoring. These services help businesses reduce costs, enhance the quality of audits, and allow greater focus on core business activities.

Service Approach

In providing these services, Crowe Vietnam applies a globally unified methodology for internal audit:

Outsourced Internal Audit Co-sourced Internal Audit
Crowe Vietnam assumes full responsibility for the internal audit function, including the evaluation of processes, risk management, internal controls, and compliance with regulations, without the need for an in-house internal audit team. Our team operates independently within the organization, directly collaborating and reporting to the Head of Internal Audit and/or the Audit Committee/Board of Directors. n this model, Crowe Vietnam collaborates with and supplements your internal audit team by providing additional resources, specialized expertise, and hands-on experience in executing internal audit activities. The purpose of this service is to ensure that internal audit processes are conducted efficiently, objectively, and in alignment with established compliance and control standards.
International Standard Methodology
Crowe Vietnam’s internal audit methodology is aligned with globally recognized best practices, ensuring consistency and excellence in service delivery. The Outsourced and Co-sourced Internal Audit Services are tailored to focus on risk management and governance, helping businesses meet strategic goals while adhering to legal and regulatory requirements. Our approach emphasizes efficiency, continuous improvement, and the adaptation of audit methodologies to meet evolving organizational needs and regulatory changes.

Service Process

Service Implementation Steps
Step 1: Risk Assessment​
  • Conduct risk assessments to identify key risks that the business is facing.
  • The objective of this step is to identify areas of focus in the internal audit process, optimizing resources and time in implementing the internal audit function.
Step 2: Planning​
  • Based on the risk assessment results, develop a detailed internal audit plan, including the scope of work, timeline, resources, and specific audit activities.
  • The audit plan will be regularly reviewed and updated according to best practices to ensure it meets client expectations.
Step 3: Execution​
  • At this stage, Crowe Vietnam’s internal audit team will conduct internal audit activities as per the approved plan, including process evaluations, control tests, risk management, and compliance checks.
  • The audit team will collaborate closely with the client to ensure that audit procedures are effectively executed and meet the set objectives.
Step 4: Debriefing & Reporting Results​
  • After completing audit activities, a debriefing session will be held with the client to discuss findings, observations, and recommendations.
  • The internal audit report will be issued, highlighting key findings, risk assessments, and recommendations for improving control systems and risk management. This ensures transparency and objectivity in reporting.

Service Execution Timeline​

Typically, we aim to complete the service within 4 – 6weeks for most cases. For urgent cases with tight deadlines, we implement special measures, such as mobilizing additional resources, adjusting processes and procedures accordingly, and requiring active cooperation from the client.

The timeline for completing the service largely depends on the scope of work, feedback, and cooperation from the client (including stakeholders such as suppliers, customers, lenders, and investors).

Contact us

We provide services to enterprises across Vietnam. Should you want a meeting set-up, quotation, proposal or feedback