Internal- Management Audit & Risk Management Advisory
Our Internal – Management Audit & Risk Management service essentially aims at evaluating the effectiveness of internal controls over the business functions, efficiencies of processes, reliability over financial reporting, ascertaining risk of non-compliances with statutory requirements and evaluation of risk management measures. Our Internal – Management Audit & Risk Management audit service focuses on the following areas.
- Review of accounting system and books of accounts
- Review of compliances with applicable laws with special emphasis on GST, Income Tax, Companies Act, FEMA, Labour Laws and other corporate laws
- Review of purchase and procurement related procedures
- Review of stores and assets management related aspects
- Review of inventory management, accounting and valuation procedures
- Review of sales and other revenue generating activities
- Review of receivables and payable management
- Review of HR and Payroll related aspects
- Review of legal and commercial contracts
- Review of MIS and its effectiveness
- Review of adequacy and effectiveness of insurance coverage and risk management
- Suggesting industry wise best practices