Outsourced internal audit
Efficient – Thorough – Reliable
Services
General description of the service
Our outsourced and co-sourced internal audit services support businesses by either fully performing internal audit functions or partnering with your existing internal audit team to ensure effective risk control and compliance. This service helps businesses save costs, enhance audit quality, and focus on core activities.
At Crowe Vietnam, we apply a globally unified internal audit methodology:
- Outsourced internal audit: Crowe Vietnam performs the entire internal audit function, including evaluating processes, risk management, internal controls, and regulatory compliance, without requiring an in-house internal audit team. We coordinate and report directly to the Head of Internal Audit and/or the Audit Committee/Board of Directors.
- Co-sourced internal audit: Under this model, Crowe Vietnam collaborates with, supports, and supplements the client’s internal audit team with additional resources, expertise, and experience. The goal is to ensure an efficient, objective, and compliant audit process.
Our methodology focuses on risk-based auditing, addressing client objectives and the challenges in achieving them. Internal audit delivery can take various forms, each offering different levels of ownership and combinations of fixed and variable costs.
Context for utilizing our services
Outsourced internal audit: Typically for businesses seeking to fully outsource their internal audit plan to gain advantages such as (1) meeting work deadlines, (2) saving time and effort for leadership, (3) reducing costs, (4) ensuring higher work quality, (5) enhancing objectivity and independence, and (6) leveraging the reputation and credibility of an established audit service provider.
Co-sourced internal audit: Typically for businesses that have an internal audit department but lack sufficient staff or specialized expertise. They may need support due to (1) limited expertise in IT, data analytics, regulatory knowledge, or (2) difficulty and high costs associated with recruiting, developing, and retaining qualified audit personnel.
Service delivery process and timeline
Service process
Conduct a risk assessment to understand the key risks facing the business. This step identifies critical areas to audit, optimizing resources and time during the internal audit process.
Based on the risk assessment, we develop a detailed audit plan, including scope, timeline, and required resources. The plan is discussed and agreed upon with the client to ensure it meets expectations.
Our auditors carry out the planned audit activities, from data collection and analysis to reviewing processes and compliance with applicable regulations and standards. We work closely with the client’s internal audit team to ensure a smooth and efficient process.
After completing the audit activities, we discuss findings, results, and recommendations with the client. A detailed audit report is issued to provide clear insights into the company’s risk management and internal control systems, along with improvement suggestions.
Timeline for Service Delivery
The service timeline depends heavily on the project scope, client feedback, and the level of collaboration (including involvement of suppliers, customers, lenders, or investors).
Typically, we complete this service within 4 – 6 weeks for most cases. For urgent requests, we apply special measures such as mobilizing additional resources, flexibly adjusting processes, and requiring active cooperation from the client to ensure timely and successful delivery.
Quotation process and service fees
To prepare and send you a tailored quotation, we kindly request that you provide relevant information via our form and/or through an in-depth discussion. Based on the information collected, we will analyze your needs and specific requirements in order to:
- Assess the feasibility of service delivery: Determine whether we can provide the requested service appropriately and at a guaranteed quality level.
- Advise on optimal solutions: Recommend alternative solutions (if any) to help optimize efficiency and cost-effectiveness for your organization.
If we are able to support you, we will propose a reasonable fee based on:
- An estimated workload of the engagement;
- The level of professional expertise required from our team.
Estimated response time: The quotation process will be completed within 12 to 24 hours upon receiving your request.
Frequently asked questions
1. Why should businesses use outsourced or co-sourced internal audit services?
Businesses should use outsourced or co-sourced internal audit services for the following benefits:
- Optimize costs and resources
- Enhance audit quality
- Increase objectivity and independence
- Flexibility and business focus
- Ensure compliance and risk management
- Better preparation for external audits and inspections
2. Can we outsource only part of our internal audit work?
Yes. Businesses can choose co-sourced services to support their in-house team or fully outsource the internal audit function.
3. Does outsourcing internal audit reduce the company’s control?
No. We closely coordinate with the client and report directly to the Head of Internal Audit, the Audit Committee, or the Board of Directors to ensure full oversight.
4. Can this service help prepare for external audits or inspections?
Yes. We assist businesses in preparing data, improving control systems, and addressing weaknesses before independent audits or regulatory inspections.
Brand commitment
Crowe Vietnam is committed to building and delivering on its brand personality, with the goal of fostering trust and providing an exceptional experience throughout our journey with clients and partners.
High professional quality at a reasonable cost
Crowe Vietnam is committed to delivering high quality solutions and services at reasonable costs, ensuring an exceptional client experience. We consistently strive for differentiation and continuously enhance the professional capabilities of our team to best meet the evolving needs of our clients.
A portrait of our clients & business partners
We aspire to collaborate with clients and partners who are committed to:
Insights
News
Overview of Crowe Vietnam
Top 9
International brand in Audit, Accounting, Tax, and Business Advisory
Top 9
Audit service provider for FDI enterprises in Vietnam
Top 15
Audit and Advisory service providers in Vietnam
18+
Years of operation (since 2008)
200+
Personnel (350+ including personnel of Crowe’s business associates in Vietnam)
4
Offices
1000+
Clients (1500+ including clients of Crowe’s business associates in Vietnam)
Crowe Vietnam Introduction Video
Why choose us for this service?
Choosing the right service partner is a key factor in ensuring both effectiveness and peace of mind. Here’s why Crowe Vietnam is the trusted choice for you.
International Brand
Crowe Vietnam is a full member of Crowe Global, a top 10 global network of audit, accounting, tax and advisory firms operating in 150 countries. Our international brand enables us to deliver high-quality outsourcing services.
Assured Expertise
With a team of experienced professionals holding internationally and locally recognised qualifications such as ACCA, CPA, CTA, ICAEW,... Crowe Vietnam is committed to delivering outsourcing services of outstanding professional quality.
Professional Services
Our clients regularly receive useful newsletters and publications, participate in professional seminars with experienced specialists, and access a range of modern, practical support tools developed and continuously enhanced by Crowe Vietnam.
Strict Confidentiality
Crowe Vietnam places the highest priority on confidentiality and compliance, applying rigorous control measures to protect client information and prevent data security risks, thereby ensuring maximum transparency and security.
Global Support
Through the Crowe Global network, we are always ready to help our outsourcing service clients access international professionals & seconded personnel, providing comprehensive support to address complex issues in global business environment.
Reasonable Fees
Crowe Vietnam delivers high-quality outsourcing solutions at reasonable fees, helping clients optimise costs. By continuously improving operational efficiency, we help clients achieve maximum value within an appropriate budget.
Senior Personnel
Nam Nguyen
Chairman & Managing PartnerFCCA, FCPA, CA (SGP), CTA
Lam Vu
General Director & Audit DirectorCPA VN, CPA AU, CTA, MA
Linh Nguyen
Partner, Tax & AdvisoryCPA VN, CPA Aust., CTA
Phat Tran
Partner, Audit & AssuranceFCCA, CIA, CPA VN, CTA