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INTERNAL AUDIT

Internal audit is a dynamic function involved in helping organizations achieve their objectives. It is concerned with evaluating and improving the effectiveness of risk management, control and governance processes in an organization. Internal auditing is the main objective for assurance and internal audit consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing an efficient, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Our firm has Highly skilled and experienced Professionals to perform the internal auditing activity.

Internal audit services are widely used for different corporate houses and business establishments. We execute audit work of our clients in accordance with audit norms and extend our Co-operation by studying their working system. Our firm has rich experience and expertise in conducting all types of Audits for large & medium sized business entities. The firm also has the proficiency to prepare financial statements not only in accordance with Indian, but international accounting standards as well. Further, we make sure that these services help our client in improving systems and checking financial data. In addition, our professionals also detect errors and omissions, and put them right, prevent fraud and cut down redundant costs.

Internal auditing within an organization is broad and may involve topics such as-
* Setting up of Internal Audit function
* Efficacy of operations, the reliability of financial reporting.
* Determining and investigating fraud, safeguarding assets.
* Compliance with laws and regulations.
* Developing risk-based assurance plans.
* Identifying and monitoring Key Risk Indicators (KRI) and Red flags (continuous monitoring)
* Analysing the effectiveness of its risk management and control system including the effectiveness of implementation.
* Designing the key business processes considering “best practices” and “benchmarks”, help operations become more efficient, speed up work-flows and improve Management Information Systems.
* Prepare Standard Operating Procedures (SOP), Accounts Manual, Systems Manual, Chart of Accounts development and standardization.
 
     
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