Conduct internal audits as per Companies Act 2013, based on ICAI standards, focusing on efficiency, compliance, and risk management.
We offer comprehensive risk advisory, internal, and management audit services designed to enhance your organization's operational efficiency, governance, and risk management. Our approach is rooted in a deep understanding of internal control frameworks and audit standards, ensuring thorough and insightful evaluations of your management practices, processes, and systems.
Internal Audit in Accordance with Section 138 of the Companies Act, 2013
We conduct internal audits in compliance with Section 138 of the Companies Act, 2013, ensuring your organization adheres to the highest standards of internal control and regulatory requirements. Our internal audits are designed to provide a clear, independent assessment of your operational and financial processes, enhancing transparency and accountability.
Approach Rooted in Internal Control Evaluation Framework and ICAI Standards
Our internal audit approach is based on the Internal Control evaluation framework and the Internal Audit Standards issued by the Institute of Chartered Accountants of India (ICAI). This ensures our audits are thorough, consistent, and aligned with the best practices in the industry.
Comprehensive Evaluation of Management Practices and Systems
We evaluate your organization's management practices, processes, and systems to identify opportunities for improvement and enhance overall efficiency and effectiveness. Our evaluation covers:
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Leadership: Assessing the effectiveness of your leadership team in driving the organization towards its strategic goals.
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Operational Processes:Examining your operational processes to ensure they are efficient, effective, and aligned with industry best practices.
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Risk Management:Evaluating your risk management practices to ensure they effectively identify, assess, and mitigate risks.
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Performance Measurement:Reviewing your performance measurement systems to ensure they provide accurate and actionable insights.
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Compliance:Ensuring your organization complies with all relevant laws, regulations, and standards.
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Human Resources:Assessing your HR practices to ensure they support your strategic objectives and enhance employee performance.
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Technology:Evaluating your technology infrastructure and systems to ensure they are robust, secure, and support your operational needs.
Risk-Based Internal Audit for Effective Risk Management
Our risk-based internal audit approach supports your organization's risk management function by providing assurance that your risk mitigation practices are effective. This involves:
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Risk Identification and Assessment:Identifying and assessing the risks that could impact your organization’s objectives.
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Control Evaluation:Identifying and assessing the risks that could impact your organization’s objectives.
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Assurance on Risk Mitigation:Providing assurance that risk management practices are effectively handling risks within the entity's risk appetite.
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Internal Financial Control:
Guiding organization transition to a process-based approach for financial control compliance, identifying effective ways to appropriately reduce effort through better risk assessment, scoping and use to technology.
Testing of design and operative effectiveness of organisation’s process and entity level controls.
We understand the critical importance of effective risk management and internal control systems in achieving organizational success. Our risk advisory, internal, and management audit services are designed to provide the clarity, assurance, and insights you need to thrive in today’s complex business environment. Trust us to help you enhance your efficiency, governance, and risk management, ensuring your organization is well-equipped to achieve its strategic goals.