Accounting &
Evaluation Services
Risk
Management
Transaction
Advisory
Outsourcing &
Business Support
Global Accounting
& Compliance
Training and
Workshops
Resources
Accounting &
Evaluation Services
Risk
Management
Transaction
Advisory
Outsourcing &
Business Support
Global Accounting
& Compliance
Training and
Workshops
Resources
Internal Audit for Risk Reduction and Operational Excellence
Key Features of Internal Audit Services
Cost Review
- Identify cost-saving alternatives
- Evaluate resource usage efficiency
- Detect pricing anomalies
Fraud Risk Awareness
- Highlight control weaknesses
- Identify suspected fraud-prone zones
Control Assessment
- Examine and strengthen policy implementation
- Establish necessary checks
Process Review
- Detect process inefficiencies
- Recommend streamlined workflow enhancements
Internal Audit Applicability (Companies Act, 2013 – Sec 138)
Company Type | Applicability Criteria |
|---|---|
Listed Companies | Mandatory |
Private Companies | - Turnover > ₹200 Crores |
Unlisted Public Companies | - Turnover > ₹200 Crores |
Internal Auditor can be a Chartered Accountant, Cost Accountant, or another professional approved by the Board of Directors.
Types of Internal Audit Services
Risk-Based Internal Audits
Internal Audit Quality Assessments
Audit Function Transformation
Preparation of Internal Audit Manuals
Internal Audit Training Programs
IT General Control Reviews
Full Outsourcing & Co-Sourcing Models (where permissible)
Benefits of Internal Audit
Benefit | Description |
|---|---|
Risk Mitigation | Identify and address key risks effectively |
Cost Optimization | Streamline processes to reduce operational costs |
Policy & Regulatory Compliance | Ensure adherence to internal policies and statutory guidelines |
Fraud Deterrence | Establish preventive controls and increase detection capability |
Strategic Insights | Enhance management decisions with audit findings and process evaluations |
Internal Audit Process
Planning & Scope Definition
Define audit objectives, scope, and key focus areas.
Risk Assessment
Prioritize high-risk areas based on business exposure.Audit Execution
Review internal records, perform walkthroughs, and test controls.Reporting
Document findings, observations, and recommendations.Follow-up & Monitoring
Track implementation of audit suggestions and evaluate effectiveness.
Need help? Book a call to understand our full range of service offerings
Book A Call
Internal Audit plays a critical role in promoting operational efficiency, compliance, and governance. Beyond regulatory needs, it provides valuable assessments of risks and internal controls, enabling organizations to enhance decision-making and foster accountability.
Internal Audit for Risk Reduction and Operational Excellence
Book A Call
Internal Audit plays a critical role in promoting operational efficiency, compliance, and governance. Beyond regulatory needs, it provides valuable assessments of risks and internal controls, enabling organizations to enhance decision-making and foster accountability.
Key Features of Internal Audit Services
Cost Review
- Identify cost-saving alternatives
- Evaluate resource usage efficiency
- Detect pricing anomalies
Fraud Risk Awareness
- Highlight control weaknesses
- Identify suspected fraud-prone zones
Control Assessment
- Examine and strengthen policy implementation
- Establish necessary checks
Process Review
- Detect process inefficiencies
- Recommend streamlined workflow enhancements
Internal Audit Applicability (Companies Act, 2013 – Sec 138)
Company Type | Applicability Criteria |
|---|---|
Listed Companies | Mandatory |
Private Companies | - Turnover > ₹200 Crores |
Unlisted Public Companies | - Turnover > ₹200 Crores |
Internal Auditor can be a Chartered Accountant, Cost Accountant, or another professional approved by the Board of Directors.
Types of Internal Audit Services
Risk-Based Internal Audits
Internal Audit Quality Assessments
Audit Function Transformation
Preparation of Internal Audit Manuals
Internal Audit Training Programs
IT General Control Reviews
Full Outsourcing & Co-Sourcing Models (where permissible)
Benefits of Internal Audit
Benefit | Description |
|---|---|
Risk Mitigation | Identify and address key risks effectively |
Cost Optimization | Streamline processes to reduce operational costs |
Policy & Regulatory Compliance | Ensure adherence to internal policies and statutory guidelines |
Fraud Deterrence | Establish preventive controls and increase detection capability |
Strategic Insights | Enhance management decisions with audit findings and process evaluations |
Internal Audit Process
Planning & Scope Definition
Define audit objectives, scope, and key focus areas.
Risk Assessment
Prioritize high-risk areas based on business exposure.Audit Execution
Review internal records, perform walkthroughs, and test controls.Reporting
Document findings, observations, and recommendations.Follow-up & Monitoring
Track implementation of audit suggestions and evaluate effectiveness.
Need help? Book a call to understand our full range of service offerings
Book A Call
Key Features of Internal Audit Services
Cost Review
- Identify cost-saving alternatives
- Evaluate resource usage efficiency
- Detect pricing anomalies
Fraud Risk Awareness
- Highlight control weaknesses
- Identify suspected fraud-prone zones
Control Assessment
- Examine and strengthen policy implementation
- Establish necessary checks
Process Review
- Detect process inefficiencies
- Recommend streamlined workflow enhancements
Internal Audit Applicability (Companies Act, 2013 – Sec 138)
Company Type | Applicability Criteria |
|---|---|
Listed Companies | Mandatory |
Private Companies | - Turnover > ₹200 Crores |
Unlisted Public Companies | - Turnover > ₹200 Crores |
Internal Auditor can be a Chartered Accountant, Cost Accountant, or another professional approved by the Board of Directors.
Types of Internal Audit Services
Risk-Based Internal Audits
Internal Audit Quality Assessments
Audit Function Transformation
Preparation of Internal Audit Manuals
Internal Audit Training Programs
IT General Control Reviews
Full Outsourcing & Co-Sourcing Models (where permissible)
Benefits of Internal Audit
Benefit | Description |
|---|---|
Risk Mitigation | Identify and address key risks effectively |
Cost Optimization | Streamline processes to reduce operational costs |
Policy & Regulatory Compliance | Ensure adherence to internal policies and statutory guidelines |
Fraud Deterrence | Establish preventive controls and increase detection capability |
Strategic Insights | Enhance management decisions with audit findings and process evaluations |
Internal Audit Process
Planning & Scope Definition
Define audit objectives, scope, and key focus areas.
Risk Assessment
Prioritize high-risk areas based on business exposure.Audit Execution
Review internal records, perform walkthroughs, and test controls.Reporting
Document findings, observations, and recommendations.Follow-up & Monitoring
Track implementation of audit suggestions and evaluate effectiveness.
Need help? Book a call to understand our full range of service offerings
Book A Call
Frequently Asked Questions
What is the purpose of an internal audit?
Is internal audit mandatory under the Companies Act, 2013?
What are risk-based internal audits?
Can internal audits be outsourced?
What is the purpose of an internal audit?
Is internal audit mandatory under the Companies Act, 2013?
What are risk-based internal audits?
Can internal audits be outsourced?
Ready to Take the Next Step?
Connect with our team to discuss how strategic financial expertise can support your organisation’s growth, compliance and long-term goals.
Contact Us Today
Can this platform track investments?
Does this platform offer retirement planning?
Is this platform free to use?
How does this platform work?
Can this platform track investments?
Does this platform offer retirement planning?
Is this platform free to use?
How does this platform work?
Frequently Asked Questions
Ready to Take the Next Step?
Connect with our team to discuss how strategic financial expertise can support your organisation’s growth, compliance and long-term goals.
Get Started
Ready to Take the Next Step?
Connect with our team to discuss how strategic financial expertise can support your organisation’s growth, compliance and long-term goals.
Get Started
Internal Audit for Risk Reduction and Operational Excellence
Book A Call
Internal Audit plays a critical role in promoting operational efficiency, compliance, and governance. Beyond regulatory needs, it provides valuable assessments of risks and internal controls, enabling organizations to enhance decision-making and foster accountability.
Ready to Take the Next Step?
Connect with our team to discuss how strategic financial expertise can support your organisation’s growth, compliance and long-term goals.
Get Started
Ready to Take the Next Step?
Connect with our team to discuss how strategic financial expertise can support your organisation’s growth, compliance and long-term goals.
Get Started
Key Features of Internal Audit Services
Cost Review
- Identify cost-saving alternatives
- Evaluate resource usage efficiency
- Detect pricing anomalies
Fraud Risk Awareness
- Highlight control weaknesses
- Identify suspected fraud-prone zones
Control Assessment
- Examine and strengthen policy implementation
- Establish necessary checks
Process Review
- Detect process inefficiencies
- Recommend streamlined workflow enhancements
Internal Audit Applicability (Companies Act, 2013 – Sec 138)
Company Type | Applicability Criteria |
|---|---|
Listed Companies | Mandatory |
Private Companies | - Turnover > ₹200 Crores |
Unlisted Public Companies | - Turnover > ₹200 Crores |
Internal Auditor can be a Chartered Accountant, Cost Accountant, or another professional approved by the Board of Directors.
Types of Internal Audit Services
Risk-Based Internal Audits
Internal Audit Quality Assessments
Audit Function Transformation
Preparation of Internal Audit Manuals
Internal Audit Training Programs
IT General Control Reviews
Full Outsourcing & Co-Sourcing Models (where permissible)
Benefits of Internal Audit
Benefit | Description |
|---|---|
Risk Mitigation | Identify and address key risks effectively |
Cost Optimization | Streamline processes to reduce operational costs |
Policy & Regulatory Compliance | Ensure adherence to internal policies and statutory guidelines |
Fraud Deterrence | Establish preventive controls and increase detection capability |
Strategic Insights | Enhance management decisions with audit findings and process evaluations |
Internal Audit Process
Planning & Scope Definition
Define audit objectives, scope, and key focus areas.
Risk Assessment
Prioritize high-risk areas based on business exposure.Audit Execution
Review internal records, perform walkthroughs, and test controls.Reporting
Document findings, observations, and recommendations.Follow-up & Monitoring
Track implementation of audit suggestions and evaluate effectiveness.
Internal Audit for Risk Reduction and Operational Excellence
Book A Call
Frequently Asked Questions
Can this platform track investments?
Does this platform offer retirement planning?
Is this platform free to use?
How does this platform work?
Can this platform track investments?
Does this platform offer retirement planning?
Is this platform free to use?
How does this platform work?
Internal Audit plays a critical role in promoting operational efficiency, compliance, and governance. Beyond regulatory needs, it provides valuable assessments of risks and internal controls, enabling organizations to enhance decision-making and foster accountability.
Ready to Take the Next Step?
Connect with our team to discuss how strategic financial expertise can support your organisation’s growth, compliance and long-term goals.
Get Started
Ready to Take the Next Step?
Connect with our team to discuss how strategic financial expertise can support your organisation’s growth, compliance and long-term goals.
Get Started