Co-sourcing
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Co-sourcing is a business practice where a service is performed by both staff from inside an organization and also by an external service provider.
It can be a service performed in concert with a client's existing internal audit department. The scope of work may focus on one or more aspect of the internal audit function.
Examples of co-sourcing services are supplementing the in-house internal audit staff with specialized skill such as information risk management or integrity services, providing routine assistance to in-house auditing for operations and control evaluations in peak period activity and conduct special projects such as fraud investigation or plant investment appraisals.
Another example of co-sourcing is outsourcing part of software development activities to an external organization, while keeping part of the development in-house.
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