Since 2025
Global Internal Audit Standards
New IIA Standards reshape charters, methodology, quality programmes and board reporting. Most existing manuals need updating.
Internal audit · Governance · Assurance
Internal audit services your board can rely on
Innovatex Global is an internal audit and governance consultancy. We build, review and deliver internal audit for organisations wherever they operate, aligned to the Global Internal Audit Standards.
ACA · ACCA · CIAChartered and certified professionals
Big 4 & in-house leadershipExperience from both sides of the table
Global Internal Audit StandardsMethodology aligned to the IIA framework
On-site · RemoteWherever you operate
Internal audit and governance consultancy, wherever you operate
Innovatex Global is a Glasgow-headquartered internal audit and governance consultancy. We provide outsourced and co-sourced internal audit, External Quality Assessments, internal controls reviews, fraud risk assessments and independent fraud investigations for private, public and not-for-profit organisations.
Our work is aligned to the IIA Global Internal Audit Standards and delivered by chartered and certified professionals, on-site or remotely, wherever you are based.
Our services
End-to-end internal audit and governance
From setting up an audit function to investigating suspected fraud, every engagement is scoped, fixed-fee and delivered by senior professionals.
01
Internal Audit Function Set-Up
Charter, audit committee terms of reference, risk-based plan, methodology manual and templates.
How it works →
02
Internal Audit Quality Reviews
Health checks, External Quality Assessments (EQA) and methodology upgrades to the Global Internal Audit Standards.
How it works →
03
Outsourced, Co-Sourced & Interim Internal Audit
A full function, individual audits on demand, or interim Head of Internal Audit cover.
How it works →
04
Internal Controls Reviews
Risk and control matrices, control testing, segregation of duties and material controls readiness.
How it works →
05
Policies, Procedures & SOPs
Review and drafting of policies, SOPs, process maps and delegation of authority matrices.
How it works →
06
Independent Fraud Investigations
Whistleblowing and suspected fraud cases, interviews and evidence-based reports.
How it works →
07
Fraud Risk Management
Fraud risk assessments, failure to prevent fraud reviews, fraud and whistleblowing policies.
How it works →
08
Governance & Risk Management
Governance reviews, enterprise risk frameworks, risk registers and risk appetite.
How it works →
09
Procurement & Contract Audits
Procurement, contract compliance and project cost reviews.
How it works →
10
Audit Committee & Internal Audit Training
Effectiveness reviews and practical training, including analytics and automation.
How it works →
11
Independent Audit Committee Members
Independent members, vice-chairs and chairs for audit and risk committees.
How it works →
Not sure where to start?
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Our approach
Assurance that is independent, standards-led and practical enough for management to act on.
Why it matters now
The bar for assurance has moved
New standards and new legal duties mean boards are expected to evidence that their controls work, not just assert it.
FY 2026 on
UK Corporate Governance Code, Provision 29
Boards of companies applying the Code must declare whether their material internal controls are effective.
Since Sept 2025
Failure to prevent fraud offence
Large organisations can be prosecuted unless they have reasonable fraud prevention procedures in place.
How we work
Clear scope. Fixed fee. Senior delivery.
1
20-minute discovery call
We listen to what you need and tell you honestly whether and how we can help.
2
Scope and fixed-fee proposal
A written proposal setting out objectives, scope, timeline, team and a fixed fee.
3
Fieldwork
Risk-based work on-site or remotely, with regular check-ins and no surprises.
4
Report and follow-up
Practical findings agreed with management, presented to your board or audit committee.
Who we work with
Built for the people accountable for assurance
- Boards and audit committeesIndependent assurance you can take into the boardroom.
- CFOs and finance directorsControls, policies and fraud defences that hold up.
- Chief Audit ExecutivesExtra capacity, specialist skills and independent quality reviews.
- Public sector and not-for-profitProportionate internal audit that meets sector expectations.
Engagement models
Fixed-scope project
A defined review, set-up or investigation with a fixed fee.
Outsourced function
We run your internal audit plan end to end.
Co-source
We join your team for specific audits or skills.
Interim leadership
Head of Internal Audit cover during change or vacancy.
Frequently asked questions
Internal audit, answered
What is outsourced internal audit?
An external firm delivers some or all of your internal audit plan, reporting to your audit committee. It gives you experienced auditors and specialist skills without the cost of a full in-house team.
How often does internal audit need an External Quality Assessment?
The Global Internal Audit Standards require an External Quality Assessment at least once every five years, carried out by a qualified, independent assessor.
Do we need internal audit if we are not a listed company?
Many private, public and not-for-profit organisations use internal audit to give their board independent assurance over risk, controls and fraud, and to meet funder or regulator expectations.
How are your fees structured?
Most engagements are fixed-fee, agreed in a written proposal before work starts. Ongoing outsourced and co-source arrangements can be priced per audit or as an annual plan.
What is the difference between internal and external audit?
External audit gives an opinion on whether the financial statements are true and fair, for shareholders and other users. Internal audit works for the board and audit committee, giving independent assurance over risk management, internal control and governance across the whole organisation.
Can you work remotely?
Yes. We deliver on-site, remotely or a mix of both, wherever our clients are based.
Let’s talk about your assurance
Book a free 20-minute call at a time that suits you. You’ll get an instant calendar invite.