The Challenge
The audit function delivered reliable assurance but struggled with long fieldwork cycles, uneven audit quality across regions and limited focus on high risk, strategic areas. Senior leadership required faster, more insightful assurance to support decision making and satisfy regulators.
Our approach
Diagnostic & maturity assessment: Rapid maturity assessment against IIA/IPPF standards using stakeholder interviews, file reviews and targeted data analytics to identify root causes of coverage and quality gaps.
Operating model redesign & independence: Redesigned roles and governance, introduced risk based planning, standardised templates and a streamlined QA process. Developed a competency framework and focused training curriculum.
Implementation & coaching:Six month uplift programme combining hands on coaching, phased rollout of the new methodology and quarterly audit quality reviews to embed improvements and strengthen oversight.
Outcomes
Faster delivery: Average audit cycle time reduced by 25%, enabling timelier reporting to the audit committee.
Improved focus & coverage: Greater alignment of audit plans to strategic and regulatory priorities; increased coverage of high risk areas.
Quality uplift:Independent QA benchmarks indicated a significant improvement in audit maturity within 12 months.
Stronger stakeholder confidence :Audit committee and executive teams received clearer, action oriented reports and experienced faster remediation tracking.
Client Comment
MAKSIT helped us move from compliance driven audits to insight led assurance — pragmatic, senior led and quickly effective.
Head of Internal Audit
If you’d like a rapid diagnostic or a tailored transformation plan for your audit function, book a 20 minute discovery call. We can also provide ready made templates and a bespoke implementation road map.