Internal & Management Audit
Internal and management audits focus on evaluating a company’s internal processes, controls, and risk management systems. Unlike statutory audits, these are not mandatory but highly beneficial. We help organizations identify inefficiencies, detect fraud risks, optimize resources, and strengthen governance.
Why This Service Matters
- Detects operational inefficiencies and loopholes.
- Improves internal controls and risk management.
- Enhances accountability across departments.
- Helps management make informed decisions.
- Supports compliance with regulatory best practices.
How is an internal audit different from a statutory audit?
A statutory audit is mandatory and focuses on financial compliance, while internal audits are voluntary and focus on improving efficiency and controls.
Who can request an internal audit?
Company management, board of directors, or stakeholders can request it.
How often should internal audits be conducted?
Depending on company size, internal audits may be quarterly, half-yearly, or annually.
Do small businesses benefit from internal audits?
Yes, even small businesses gain better financial discipline and fraud prevention.
Are internal audit reports confidential?
Yes, reports are shared only with the management and concerned stakeholders.