Internal Audit Co-Sourcing

Broader Coverage, Deeper Insights, Lower Cost

StrategyDriven performs independent, objective, and detailed reviews of core line and support organization functions; assessing performance against regulatory requirements, industry standards and guidelines, and leading practices. Our resulting recommendations offer a uniquely actionable value proposition focused on reducing risk and improving operational safety, reliability, and efficiency.

Request a FREE Consultation

Broader Coverage

Our use of advanced technologies and an industry-leading audit approach eliminates unproductive administrative work and results in more time dedicated to auditing. After all, isn’t that what Internal Audit organizations are supposed to be doing?

In this 30,000 hour co-sourcing case, StrategyDriven performs over 4,000 more hours of auditing per year!

StrategyDriven 30,000 Hour
Co-sourcing Engagement

Reporting: 160 hours
Planning: 750 hours
Meetings: 1,200 hours
Auditing: 27,890 hours

Typical, Large Firm 30,000 Hour
Co-sourcing Engagement

Engage Management & Reporting: 4,460 hours
Planning: 750 hours
Meetings: 1,200 hours
Auditing: 23,690 hours

Deeper Insights

Our teams of senior industry executives and managers eliminates the need for excess layers of consulting management and results in more time spent in the field auditing. After all, isn’t that what Internal Audit organizations are supposed to be doing?

StrategyDriven Advisors spend a greater portion of each audit’s allotted time performing audit work.

StrategyDriven 30,000 Hour
Co-sourcing Engagement

Senior / Staff *: 50 percent
Senior Advisor *: 45 percent
Partner / Director: 5 percent

StrategyDriven Effective Auditing Rate: 88 percent

Typical, Large Firm 30,000 Hour
Co-sourcing Engagement

Senior / Staff *: 78 percent
Sr Manager / Manager: 17 percent
Partner / Director: 5 percent

Typical, Large Firm Effective Auditing Rate: 62 percent

Our Senior Advisors are former business executives, directors, and senior managers possessing 300+ years of ‘stood the watch’ experience and holding the industry’s highest licenses, certifications, qualifications, and degrees.

* Individuals primarily performing each audit.

Meet Our Team

Lower Cost

Our use of advanced technologies, an industry leading audit approach, and teams of senior industry executives and managers combine to produce broader coverage, deeper insights, and lower cost auditing. After all, isn’t bringing superior value to the organization what Internal Audit organizations strive to do?

StrategyDriven Advisors spend a greater portion of each audit’s allotted time performing audit work.

StrategyDriven 30,000 Hour
Co-sourcing Engagement

StrategyDriven Annual Co-sourcing Cost:
$4.25 – $4.75 million per year

Blended Auditing Rate: $124/hour *

All StrategyDriven audit prices are capped – you benefit from early completion and we pay for overages.

StrategyDriven offers volume discounts

Regardless of volume, StrategyDriven never charges extra for the following items – they are a part of each audit:

Quality Control / Quality Assurance
Training and Onboarding
Governance and Engagement Operations
Knowledge Management and Continuous Improvement

Typical, Large Firm 30,000 Hour
Co-sourcing Engagement

Typical, Large Firm Annual Co-sourcing Cost: $6.00 – $6.5 million per year

Blended Auditing Rate: $140/hour

* Includes volume discounts available in the 30,000 hour example.

Proven, Superior Performance

StrategyDriven’s uniquely different approach to consulting provides you with unmatched insights, quality, and service at an affordable, competitive price. Here’s what we provide:

Request a FREE Consultation

Auditing

Seasoned Advisors – Each audit is led by a credentialed business leader possessing the hard-earned experience that only comes by doing the job, not observing or reading about it. Consequently, your company receives deeper performance insights while the need for consulting management overheads are eliminated.
Industry Specific Methods and Tools – Our audit teams are supported by a wide array of analytical methods and tools specific to industry regulations, standards and guidelines, and leading practices.
Best Practice Audit Process – Detailed audit process based on decades of business performance evaluation experience.
Advanced Technologies – Use of DevonWay’s world class applications configured to StrategyDriven’s industry leading assessment and performance analysis processes provides all company and IIA required reports and near real-time performance analytics while concurrently reducing labor requirements.

Planning

Risk Assurance Maps – Industry recognized leading practice for quantifiably identifying oversight needs based on operational risk and performance, not your co-sourcing partner’s capabilities. Use of these maps ensures unbiased audit selection, thorough risk coverage, elimination of low-value audits, coordination among internal oversight groups, and identification of long-term personnel resource needs.

Reporting

Quarterly Operational Data Analytics – Enterprise performance review based on existing company performance metrics outputs; enabling identification of risk profile shifts and informing rapid deployment oversight activities and leadership notifications.
Annual Performance Analysis – Enterprise performance review; aggregating oversight findings and performance metric outputs to identify broad based areas of operational risk degradation and performance improvement opportunity.
Board and Executive Briefing Support – Dedicated co-sourcing engagement support by a seasoned StrategyDriven Partner/Director who knows your company and possesses decades of executive briefing experience.

Seasoned Business Executives and Managers

StrategyDriven Senior Advisors are seasoned business professionals. We uniquely combine decades of operating experience, deep business acumen, and industry specific methods and tools to provide solutions that enhance the safe, reliable, and efficient operation of your company’s assets.

Request a FREE Consultation

Stood-the-Watch Positional Experience

Chief Audit Executive
Chief Risk Officer
Quality Assurance Director
General Manager, Nuclear Oversight
Information Technology Director
Root Cause Program Supervisor
Accredited Training Manager
Nuclear Plant Control Room Supervisor
Industrial Facility Work Control Supervisor

Licenses & Certifications

U.S. Nuclear Regulatory Commission Senior Reactor Operator License
Professional Engineer License
National Academy for Nuclear Training Event Investigator Certification
National Academy for Nuclear Training Instructor and Facilitator Certifications
Project Management Institute Project Management Professional Certification
Certified Public Accountant
Certified Information Technology Professional
Diversity and Inclusion Certificate

Qualifications & Degrees

U.S. Navy Chief Nuclear Engineer Officer Qualification
Institute of Nuclear Power Operations Plant Evaluator Qualification
Doctor of Philosophy Degree in Organizational Behavior
Doctor of Jurisprudence Degree
Doctor of Dental Medicine Degree
Master of Business Administration Degree
Master of Administration Degree
Master of Science in Industrial Organizational Psychology Degree
Master of Science in Oral and Maxillofacial Surgery Degree

Broader Coverage

Deeper Insights

Lower Cost

Auditing

Planning

Reporting

Stood-the-Watch Positional Experience

Licenses & Certifications

Qualifications & Degrees

Topics

Centers

Resources

Podcasts