What is the process an organization normally follows when setting up a co-sourced internal audit function?

There is ten steps to a strategically focused internal audit function as follows :-

1- Stakeholder Expectation

2- Mission Statment

3-Strategic Plan

4- Risk Assessment

5- Establish Budget

6-launch Fieldwork

7-Assess needed skill sets

8-Develop infrastructure

9-Establish Communication Protocols

10-Measure Results