Get the best performance from your audit firm

Don't leave it to chance

Audit arrangements can be complex and open to interpretation. This is particularly the case for complex contracts such as ongoing internal audit relationships and specialised assurance engagements.

Like other contracts, getting the right people and the right team with the right contract and incentives can achieve outstanding results.

However without regular focus, internal audit contracts can atrophy and under perform.

Technical details also count.

When to engage us

Smart organisations typically engage TDA when:
  • There is an opportunity for contract renewal or extension

  • They want to improve the performance of their current arrangements

  • They want to set up arrangements which ensure multi-year success and are easy to manage

  • They want access to the latest thinking, benchmarks and market knowledge

  • They don't have the bandwidth to lead the exercise personally; or

  • They want access to particular expertise to ensure the contract is balanced in the client's favour.

What we do

TDA has extensive experience in getting the most out of a service provider relationship with the Big 4, second tier, and boutique firms.

We are the niche players in this space having done this work for many organisations, all the way from category strategies through to function design, procurement, technical evaluation, contract management and renewal.

We are non-vendor aligned and have acted on the buy and the sell side for contracts of all shapes and sizes - secondments, body shop, specialists, panels, sole source, turnkey, co-source, outsourced delivery and fully outsourced functions. 

This means we know the market extremely well. We know the firms intimately and know how to create relationships which work to the strengths of both parties. We also know all the tricks of the trade, why some contracts work, why some don't and how to underpin success. 

Through our assistance we have been able to help our clients to:
  • Let and evaluate tenders

  • Set up new contracts for success

  • Achieve higher performance

  • Streamline their approach

  • Turn around under-performing contracts

  • Develop genuine partnerships

  • Achieve cost savings

  • Structure contracts which create value for both parties

  • Reposition their function

Case study

I engaged Todd to project manage the largest tender for internal audit services globally in 2010 – 2012. He executed the project on time, on budget and to the highest quality of execution.

By doing so he fundamentally and positively improved the Rio Tinto internal audit function and – by extension – the control environment of one of the largest mining companies in the world.

Todd is, in my opinion, one of the pre-eminent global thought leaders on internal audit, risk management and corporate governance. Todd's greatest skills lie in taking the ordinary to the extraordinary. He engages the unengaged. He inspires the uninspired.

If you are seeking someone that will fundamentally and positively transform your risk, audit and governance processes and functions I can think of no better person than Todd.

Tom McLeod, Head of Corporate Assurance, Rio Tinto plc