---
title: "Driving Efficiency in Internal Audit | Case Study"
description: "Large Retail Bank: The bank was facing audit backlogs and high compliance costs with their internal audit function."
lang: en
json-ld:
---

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Financial Services

Risk & Assurance

# Driving Efficiency in Internal Audit

Large Retail Bank

50%

Reduction in Findings

## The Challenge

The bank was facing audit backlogs and high compliance costs with their internal audit function.

## Our Solution

The Shard co-sourced the internal audit function, re-engineered the audit plan focusing on high-risk areas, implemented an issue-tracking dashboard, and provided training to internal auditors.

## The Results

50% reduction in audit findings recurrence year-over-year, with praise from the Audit Committee for improved insight and reporting quality.

### Quick Facts

Client

Large Retail Bank

Industry

Financial Services

Service

Risk & Assurance

Reduction in Findings

50%

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