Internal Audit
A. Modern Integrated Risk-based Audit and Analysis
As time progresses, the mobility of resources and quantum of misrepresentation observed in the industry, the essentiality of considering risk perspective has emerged stronger than ever, and this new focus area is required along with sea changes in auditing tool and company structure requiring various other built-in controls.
We dig deep into issues to carry out root cause analysis to identify risk and mitigation measures that the Company can adopt to reduce risk.
B. IFC Design & Testing – Designing of Compliant – Internal Financial Controls Designing of IFC:
Internal Financial Control (IFC) as required under the law and adequate testing combined with immense knowledge in process understanding in lieu of risk and controls.
- Line of Verticals: Listing of entity-level controls and process-level controls by preparing a risk control matrix which plays a vital role in designing IFC
- Providing for Policy Assessment and Compliance Module
- Categorization of Controls: These include system, manual, preventive, detective, etc.
Testing IFC: We carry out Testing of controls to justify operational effectiveness and design sufficiency.
