Outsourced Internal Audit Services – Practical, Strategic, Compliant
Internal audit services in UK by Makesworth
An internal audit is a proactive review of your business’s internal controls, processes, risk management practices, and governance systems. Contrary to outside auditors, who focus on financial statements and statutory compliance, internal controls audits are designed to make companies more efficient, uncover concealed risks, and ensure policies are followed at the departmental levels.
In the UK, where operational efficiency and regulatory requirements are increasingly rising, internal audit consultancy is no longer just for large corporations. SMEs and growing businesses increasingly utilise SME internal audit services to assist decision-making, improve accountability, and plan for growth or investment.
At Makesworth, we offer personalised outsourced internal audit services to suit your business structure, size, and industry. You may be a new start-up, a contractor, or a well-established SME – our experienced team offers hands-on insight that’s more than ticking boxes. From internal controls audits to corporate governance audits and risk management reviews, our approach is hands-on, independent, and centered on offering long-term value.
Benefits of Our Internal Audit Service :
- Identifies risks early, helping your business avoid costly disruptions.
- Strengthens internal controls to enhance efficiency and minimise errors.
- Aids with regulatory compliance and minimises legal risk.
- Increases transparency and ensures more accountability across departments.
- Encourages ongoing improvement by providing clear, actionable insights.
Why do businesses need internal audits?
Outsourced internal audit services for UK businesses strengthen internal controls, manage risk, ensure regulatory compliance, and improve operational efficiency. Internal audit for small businesses also demonstrates good governance and is especially valuable for SMEs preparing for growth, investment, or board-level transparency.
How often should an internal audit be conducted?
There is no legal requirement in the UK for how often an internal controls audit must occur, but best practice recommends annual or periodic reviews depending on the company’s size, complexity, and risk profile. High-risk areas or regulated sectors may require more frequent audits.
What is the difference between an external audit and an internal audit?
An external audit is usually statutory and focuses on verifying financial statements for regulatory bodies like Companies House and HMRC. Internal audit and risk management are voluntary and focus on reviewing internal processes, controls, and finding operational inefficiencies to help the business improve performance and governance.
What is included in an internal audit?
An internal audit typically covers an assessment of internal controls, risk management practices, compliance with laws and policies, governance procedures, and operational efficiency. The scope is flexible, and internal audit firms in London can tailor it to focus on specific departments, functions, or risks.
Contact Us:
020 7078 7345
Email:
info@makesworthaudit.co.uk
