Assurance

Now Boards and CEOs are interested in how Internal Audit can add value to their business not only in terms of compliance and assurance on internal control, but also in terms of financial savings, cost reduction, effectiveness, and efficiency in the business processes. Now Boards' and CEOs' expectation is to review whole transactions instead of sample-based audit. Data analytics techniques play a key role here. 

Our Internal Audit team has expertise in the full Internal Audit cycle including Risk assessment, operations’ effectiveness, financial reliability and compliance with applicable directives and regulations. 

Our Internal Audit professionals are well experienced in various sectors and have worked at various geographical locations like Australia, India, Japan, Germany, South Africa, South Korea, the USA, UK etc.  

Internal Audit practice covers: 

• In depth study of existing functions, processes & procedures for identifying risks, review effectiveness of control, process improvement & suggesting changes 
• Advice Board of Management on involved risk, internal control, corporate governance and a means to reasonably assure that operations are conducted in an effective and efficient manner  
• Use various data analytics techniques to enhance financial procedures and internal controls, preparing financial forecasts with coordinated budget projections
• Advising on development and implementation of internal controls that improve the control environment, advise on automating & integrating financial information systems that improve P&L scenario, aid business growth and competitive position of the organization
• Development of risk-based audit plan with consideration of areas of greatest importance, materiality, white spots and value to the organization
• Identifying and monitoring of Key Risk Indicators (KRI) and regular review of Red flags (continuous monitoring) to identify involved risk and continuous process improvement
• Providing training to internal audit personnel