Internal Audit services are critical for any firm to enhance their business performance by ensuring effectiveness of internal controls and risk management processes from top level management to bottom level in the organization. By assessing the corporate governance and accounting processes of any firm, internal auditors ensure improved operational efficiency.
Our team of proficient and experienced professionals strengthen the processes and controls by providing tailored solutions to respond to the disruptive market forces to achieving high level of efficiency in internal controls, better risk management and accelerated regulatory compliance.
Our Internal Audit Process
We start with a comprehensive consultation with our clients to understand their customized needs. Our team engages with their Board of Directors, Key Management Personnel and key stakeholders to discuss their business processes and requirements, followed by detailed examination of their procedures, workflows and operational practices along with their IT infrastructure.
We identify and analyse potential risks to the organization’s objectives, ensuring comprehensive coverage and prevention of control issues.
Based on our findings, we develop a detailed and customised audit plan and strategy, highlighting the initial data requirements and audit schedule, which is then shared with the key management personnel and stakeholders.
Our team conducts thorough audit fieldwork to gather information, performs system walkthroughs, and tests controls to identify non-compliance areas, assess risks and suggests corrective actions to mitigate those risks.
Recommendations are based on the internal auditor’s observations and conclusions. We deliver a detailed internal audit report outlining identified issues, their causes, impacts, and actionable recommendations to address gaps and improve processes.
We actively monitor our team to ensure timely implementation of the action plan recommended and agreed upon with the client.
