The Classic Partners LLP
Internal Audit Services
Independent appraisal of your processes, controls, and risks. We help management strengthen operations, prevent leakage, and improve governance across the business.
Set Up Internal AuditWhat is Internal Audit?
Internal audit is an independent, objective review of an organisation's processes, internal controls, and risk management, aimed at adding value and improving operations.
Unlike statutory audit, its focus is operational and forward-looking: identifying inefficiencies, control weaknesses, and risks before they become problems. We design audit plans around your key processes and report practical, actionable findings.
Who Needs Internal Audit?
- Companies required to appoint internal auditors.
- Growing businesses formalising controls and processes.
- Organisations facing leakage, fraud, or control gaps.
- Management seeking independent process assurance.
Our Internal Audit Services
Risk-Based Audit Plan
Audit scope focused on your highest-risk areas.
Process Reviews
Examination of procurement, sales, payroll, and more.
Control Testing
Assessing whether controls work in practice.
Fraud & Leakage Checks
Identifying revenue leakage and red flags.
Actionable Reporting
Clear findings with practical recommendations.
Follow-Up Audits
Verifying that issues are actually fixed.
Why Choose The Classic Partners
- Qualified Chartered Accountants with hands-on audit and assurance experience.
- End-to-end support — from documentation and verification to final reporting.
- Timely delivery so you meet statutory and lender deadlines without stress.
- Transparent fees and a single dedicated point of contact.
Frequently Asked Questions
Which companies must appoint an internal auditor?
Certain classes of companies are required under the Companies Act to appoint an internal auditor based on turnover, borrowings, and other thresholds; many others adopt it voluntarily for good governance.
How is internal audit different from statutory audit?
Statutory audit gives an opinion on financial statements, while internal audit focuses on improving processes, controls, and risk management throughout the year.
What areas does internal audit cover?
It can cover any process: purchases, sales, inventory, payroll, expenses, compliance, IT controls, and more, prioritised by risk.
How often should internal audits be conducted?
Commonly quarterly or monthly for key processes, following a risk-based annual plan agreed with management.
Can internal audit help reduce costs?
Yes. By identifying inefficiencies, leakage, and weak controls, internal audit often uncovers savings and process improvements that outweigh its cost.
Need an Internal Audit partner?
Strengthen controls and operations with a risk-based internal audit.
Contact Us