How should a manufacturer choose an outsourced internal audit provider?

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Accepted Answer

Check three things: whether every figure in the conclusions traces back to a source document, whether on-site verification is done by auditors in person, and who signs the report and takes responsibility. An internal audit that only runs software and never goes on site will not find the real problems. Stock counts, confirmations, site visits and interviews are the strongest evidence, must be done in person, and usually take more than half of the project effort. Look for stage gates: no site work until key records are in; every finding closed as confirmed, excluded or insufficient evidence, with nothing left open. Yidao's full internal audit runs all seven stages and delivers working papers, the audit report, draft internal controls and a remediation tracker.

How should a manufacturer choose an outsourced internal audit provider?

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