Internal Audit
Internal Controls
Internal Audit provides objective insight to an entity's culture, policies, procedures and improves efficiency of operations by assessing internal controls such as operating effectiveness, risk mitigation controls, and compliances with any relevant laws and regulations. Evaluation of Management Information (MIS) System
- Robustness and sufficiency of the delegations of authority / segregation of duties designed and implemented by the management
- Review of Fund flow management and identifying gaps, if any
- Review of sufficiency and effectiveness of various contractual terms and conditions entered into with various entities
- Review of effectiveness of various policies framed by the management
- Identification & Review of significant contingent liability
- Comparative study of the procurement / sales rates vis-à-vis the rates prevailing in the market and reporting major devations noted
- Review of relevant payroll records & performing analytical review and communicating the significant deviations noted
- Review of Controls in place across all business processes of the entity
- Review of age-wise trade receivables and assessing the recoverability of the same
- Providing appropriate recommendations in improving the financial performance of the entity.
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