Audit & Assurance Services

Risk management is a big concern for both audit committees and senior management in corporate internally. Internal audit is an independent management function that evaluates and improves effectiveness of an organization’s risk management, control, governance and accounting processes. Internal audit is performed to identify potential risk (such as misappropriation of assets, misuse of funds, frauds, manipulation of records) an organization may be prone to, managing those risk and reporting on such risk and their management as per statutory requirements.

It is conducted to provide assurance that management of an organization has an ability to manage risk effectively. It also ensures that governance and internal control processes are operating effectively.

Internal Controls are the backbone of any organization. Internal financial controls include policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, including regulatory compliance and prevention and detection of frauds and errors.