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Introducing ParkHill’s Internal Audit Service The healthcare market has become increasingly challenging and competitive over recent years as a result of government reforms. NHS organisations are now required to perform their duties along more commercial lines. This has led to a greater concentration on corporate governance and creating a control culture. In order to rise to these challenges, NHS organisations should have an astute and versatile internal audit function capable of delivering a risk-based and proactive approach. This includes recommending innovative and efficient improvements to support the achievement of the organisation’s objectives and operational targets.
How ParkHill Can Help ParkHill supports clients in developing and maintaining sound working practices to achieve good governance. We are a major provider of internal audit and consultancy services to the public sector, predominantly NHS organisations. Our comprehensive range of services includes providing assurance on governance, risk management and the control environment, such as IT audit, financial audit, operational audit and value for money assessments. ParkHill’s client base includes many leading healthcare institutions across the country.
Our Approach Developed and fine-tuned over 15 years of working in the NHS, ParkHill’s approach to internal auditing is comprehensive and methodical. This includes: ▪ Verification that the purpose, authority and responsibility of internal audit are clearly defined in the client’s Standing Orders and Standing Financial Instructions ▪ An audit needs assessment to evaluate the organisation’s control environment, its strategic and operational objectives and its risk management and governance processes ▪ Production of a comprehensive strategic and operational plan covering all appropriate areas, developed in consultation with management ▪ Involvement of line managers in the planning of audit assignments, ensuring auditee ownership ▪ A phased internal audit programme, which details the proposed activity and ensures that delivery expectations and the timing of work are approved by the client ▪ Active ongoing communication with our auditees, informing them of material findings ▪ Exit and report discussion meetings at the end of the audit, ensuring that our findings and recommendations are agreed with management ▪ Regular meetings to maintain a joint working protocol with third parties such as external audit
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Why Choose ParkHill ParkHill is now one of the largest public sector in-house internal audit agencies in the country. We provide internal audit services to nearly 50 health sector clients, including Foundation Trusts, Primary Care Trusts, Acute Hospitals and Shared Services organisations. Clients benefit from: ▪ A versatile audit and consultancy partner, capable of delivering a wide range of disciplines including project management, corporate governance, executive leasing, IT audits and short term staff assistance ▪ Our involvement in shaping new Department of Health initiatives, making ParkHill perfectly placed to advise clients of emerging trends and future updates to regulations ▪ Technical briefings on newly issued guidance and documentation, thereby ensuring that Non Executive Directors are kept up to date on requirements and expectations ▪ A competitively priced full audit service, due to our not-for-profit NHS status ▪ A strong team of highly experienced and motivated internal auditors who are committed to the NHS ▪ Clear and accountable contract management, with 2 senior managers assigned as the Chief Internal Auditor and Audit Manager ▪ Our sector expertise, meaning that we have a wealth of benchmarking information and actively promote good practice across our client base ▪ Quality assured Internal Audit and Consultancy activities, accredited by the British Standards Institute (BSI), and the BS EN: ISO 9001:2000 standard
Next Steps For more information about ParkHill’s internal audit service or an informal discussion about your needs, please contact: Nick Atkinson – Director of Audit on 020 8869 7405 or alternatively email us
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PREFERRED SUPPLIER OF PROFESSIONAL SOLUTIONS TO THE NHS AND PUBLIC SECTOR |
