Internal Audit

From supporting individual projects to Insourcing

Internal Auditing is an essential element of the internal control system of a company. Internal Audit reports to the management and – at least indirectly – to the supervisory board. Its activities should therefore be aligned with the information interest of the company. Reporting to the highest committees, the findings and suggestions can have a profound impact on the company.

When it comes to Internal Audit, the choice of the right partner is of great importance.

We would love to also introduce ourselves personally as your strategic partner to perform the Internal Audit function.

Setting up their own internal audit function usually involves disproportionate efforts for small sized financial service providers. In these cases, outsourcing to an external, qualified provider is the best option. BRAUS BERATUNG+REVISION is the ideal partner for financial service providers of any size due to great experience in providing internal audit services.

Even for asset management companies and banks with large internal audit functions a regular exchange of information and case-oriented support is a valuable resource.

BRAUS BERATUNG+REVISION supports the audits of large German asset management companies and custodians, examining a broad variety of topics. These vary from current issues, such as new regulatory requirements (e.g. MiFiD II, MaDepot, Cum/Ex-Trades), to specific topics, such as audit fields with financial mathematic questions.

Not only our broad expertise but many years of experience and familiarity with the industry standards are valuable assets for your company.

Moreover, our offering can be used to extend your workbench. We can support a great variety of projects when need arises, for example in the event of unexpected staff shortage.

We are happy to take into account any specific requirements and demands when providing our services: we gladly perform our service aligned to the requirements of your Audit Manual using your working documents and reporting format.

In case of providing the audit as full insourcing we will be happy to support you in developing such standards.

As a member of the Deutsches Institut für Interne Revision (DIIR) we respect the guidelines regarding audit planning, audit performance and documentation. Where applicable we additionally consult the guidelines of the Institut der Wirtschaftsprüfer (IDW). We perform our audits in a risk oriented manner and follow the COSO-Framework. The use of the audit budgets, our specific audit areas as well as the interpretation of findings and our suggestions will be closely coordinated with you.

If requested we are happy to consider additional requirements during the audit. We might for example provide input into cost controlling initiatives or support the relevant departments in documenting processes.

Do not hesitate to contact us – we are looking forward to exchange thoughts on how we could best support you!


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