Internal Audit Services
Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. They ensure compliance with laws and regulations and help to take care of accurate and timely financial reporting and data collection.
Internal audits also provide management with the tools necessary to achieve operational efficiency by identifying problems and correcting lapses before they’re discovered in an external audit.
Internal Auditing is an activity carried on by the internal auditor to meet the management requirements of information. It is an independent appraisal activity within an organization for the review of operations as a service to organization
What Is The Purpose Of An Internal Audit?
“The role of internal audit is to supply independent assurance that an organization’s risk management, governance, and control processes are operating effectively.”
An internal audit is conducted objectively and designed to enhance and mature an organization’s business practices.
The purpose of auditing internally is to supply insight into an organization’s culture, policies, procedures, and aids board and management oversight by verifying internal controls like operating effectiveness, risk mitigation controls, and compliance with any relevant laws or regulations.
Reasons Why Internal Audits are Important
Internal auditing programs are critical for monitoring and assuring that each one of your business assets are properly secured and safeguarded from threats. It is also important for verifying that your business processes reflect your documented policies and procedures.
Five reasons why internal auditing is important and their purpose in keeping your organization compliant with the common frameworks and regulations.
- Provides objective insight
- Improves efficiency of operations
- Evaluates risks and protects assets
- Assesses organizational controls
- Ensures legal compliance
We can perform audits for all the various industries including:
- Banks and Financial Institutions
- Hospitals and Clinics (Healthcare)
- Agriculture Industry
- Tourism and Hotel Industry
- Logistics Sector
- Manufacture Industry
- Real Estate
- Information Technology & Web based Industry.
- Service Industry