Internal audit is an independent management function, which involves a continuous and critical appraisal of the functioning of an entity with a view to suggest improvements thereto and add value to and strengthen the overall governance mechanism of the entity, including the entity’s strategic risk management and internal control system. Internal audit, therefore, provides assurance that there is transparency in reporting, as a part of good governance.Successful organizations recognize that an effective internal audit service can make a very positive contribution to the management of risk and the smooth operation of the business.
Our internal audit team can work with you to understand your business strategy and its associated business drivers, and how that strategy is delivered through an appropriate operational business plan and process framework. Your stakeholders will benefit from experienced independent professional evaluations and a review of the quality and effectiveness of the control environment within your organization.
Where areas are identified for improvement, we can work with you to help you identify solutions and achieve your objectives.
=>Evaluate the business processes to ensure that they are aligned to the business objectives.
=>Evaluate the compliance to both the internal policies and procedures of the company and external regulations to the extent applicable to the following key processes.
=>Evaluate the effectiveness and efficiency of the identified processes and related internal controls.
=>Evaluate the accuracy of accounting information systems supporting the process.
=>Evaluate progressively the risks relating to the business management covering information technology and general process.
Our strong methodology also includes taking the input of the top management, process management and audit management to design a solution that means value addition. Our deliverable will give a road map to make the necessary process improvements that give a big seat for the practicality of implementation of recommendations
Rajesh M & Company is a Hyderabad-based chartered accountants’ firm providing auditing, accounting, taxation and other financial services.
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