Outsourced Internal Audit Function
A full internal audit function, delivered as a service.
A complete, IIA-compliant internal audit function operated on your behalf — strategic and annual planning, engagement delivery, Audit Committee reporting and follow-ups — for smaller entities and municipalities that cannot sustain an in-house team.
Annual retainer
What you get
- Full-cycle function
- AC reporting
- IIA-compliant
Why it matters
Meet the statutory internal-audit duty without building a team you can't sustain.
PFMA s.38 and MFMA s.165 require an internal audit function — but for a small municipality or agency, standing up a credible, IIA-compliant unit with the right skills is often out of reach. The result is a function that exists on paper, under-delivers, and leaves the Audit Committee without the assurance it is meant to provide.
Outsourcing solves the obligation properly. We operate the entire function as a service — building the risk-based plan, delivering the engagements, reporting to the Audit Committee and tracking follow-ups — all inside your AuditPro Core tenant, so the work is transparent and the record is yours.
Because it runs on the platform, the Audit Committee and accounting officer see live status rather than a quarterly summary, and the function's contribution to clean-audit outcomes is visible and defensible.
What's included
What Outsourced Internal Audit Function delivers.
Full-cycle function
From the risk-based three-year plan through to follow-ups, run as a complete function on your behalf.
AC reporting
Quarterly Audit Committee packs produced to standard, evidencing coverage and the state of controls.
IIA-compliant
Delivered to the IIA International Standards, satisfying the statutory internal-audit obligation.
Outcomes
What you walk away with.
The concrete results an entity sees from a Outsourced Internal Audit Function engagement.
How it works
How we deliver it.
Want to talk through Outsourced Internal Audit Function for your entity?
Enquire nowWho it's for
- Smaller municipalities and entities that cannot sustain an in-house function
- Newly established agencies needing a function from inception
- Accounting officers and audit committees lacking assurance coverage
Legislative & standards basis
- PFMA s.38(1)(a)(ii) and MFMA s.165 (internal audit obligation)
- IIA International Standards for the Professional Practice of Internal Auditing
- Treasury Regulations on internal audit and audit committees
FAQ
Questions entities ask before they engage.
Does an outsourced function satisfy the legal requirement?
Yes. We operate the function to the IIA International Standards, which satisfies the PFMA s.38 and MFMA s.165 internal-audit obligation, with the Audit Committee providing oversight.
Is this only for small entities?
It is most common where an entity cannot sustain a credible in-house team, but the model scales. Larger entities sometimes outsource during a rebuild and transition in-house over time.
Who owns the audit work?
You do. Everything is delivered inside your tenant, so the plan, working papers, findings and reports remain your records throughout and after the engagement.
Want to know more about Outsourced Internal Audit Function?
Tell us about your entity and we'll be in touch with a walkthrough, pricing and next steps — everything you see is traceable to source.