Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Today Internal Audit is not just an audit of financial working of an organisation. It has evolved to become a tool in the hands of management to ensure proper working of any function of the organisation be it production or sales or finance or human resources.
Over the time the role of Internal Auditor has widened from just ensuring the correctness of financial system of any organisation to include consultative processes like advising on better utilisation of organisations resources, better management of financial as well as non-financial functions etc.
Our Internal Audit Department strives to ensure that Internal Audit is conducted with the highest standards & auditing procedures to ensure total compliance of client’s requirements.
The challenges of international competition and ever increasing complexity of information flows have increased the financial and business risks faced by companies/entities. With increasing regulatory requirements, the need for greater transparency in operations and disclosure norms, stakeholders require assurance beyond the traditional numbers.
Globalization of the Corporate world has been a key driver in harmonization of accounting practices in financial disclosure norms. Shareholding pattern in Corporate’ is fast changing its form to strategic investors, private equity investors and Foreign Institutional Investor’s, demanding transparent financial statements.
Our Internal Audit Services are driven by a comprehensive, proven methodology executed by experienced and certified professionals. It is risk-based and can be readily tailored to an organization’s specific requirements and support both an outsourced and a co-sourced service model.
Successful organizations recognize that an effective internal audit service can make a very positive contribution to the management of risk and the smooth operation of the business.
Assessing and managing enterprise risks have become primary concerns of CFOs, audit committees, and other stakeholders. Internal auditors can shift their focus to address these concerns – and in the process, increase their strategic value to the organization.
In today’s global economy, organizations must demonstrate that they have adequate controls and safeguards in place. Our internal audit services, emphasize providing you with independent, objective support in the design, implementation, and operating effectiveness of controls.
We advise management team to develop workable internal controls that enhance the control environment. We provide advice on how to implement an effective and secured internal control environment.
Advising on how to manage core operational risk, especially those related to the reliability of business operations.
Assisting with linking operational strategies and risk performance measures to business goals.
Assisting with change management and business awareness processes by helping make the transition from existing practices to more efficient and focused
Evaluating the key structures, dynamics, and processes required to underpin effective corporate governance.