Internal Audits are a necessity for companies to monitor the effectiveness of the internal control systems, provide assurances on risk management and meet Corporate Governance responsibilities.
As part of our assurance services, we review the existing internal control systems, standard operating procedures of business processes and suggest for improvement. With the risk based approach to internal audit, we provide tangible value additions to the clients in risk management. As part of internal audit function, we also undertake SOX Compliances, physical verification of inventories and fixed assets at periodical intervals as required by the management.
With the introduction of reporting on Internal Financial Controls (IFC) by the Companies Act 2013, we help entities to implement IFC and evaluate risk assessment procedures of the management.
We are also experienced to conduct Risk Based Internal Audit of Banks as per Basel II Norms. Our firm was engaged by a prominent private sector bank to conduct the Risk Based Internal Audit of all their branches in Tamil Nadu and some of their specialized branches such as Asset Recovery branch, etc. and the assignment was carried out efficiently on a timely basis in compliance with Basel II norms.
Our Assurance team ensures compliance of high degree of Auditing Standards, Integrity and Transparency in reporting. We serve clients in diverse industries like Manufacturing, IT and IT enabled Services, Printing & Publishing, and Leather Industry.