Service Offerings:

 Internal Audits
 Concurrent Audits
 Management Audits
 Special Investigation Audits

---

Internal Audits:

Internal Audit is an independent, appraisal activity within an organization for the review of accounting, managerial control which functions by measuring and evaluating the effectiveness of other controls. We seek to improve process, efficiency, management effectiveness and internal control in client organizations. We adopt a Process Approach to systematically identify various processes and sub-processes employed within the organization. With following objectives Internal Audit is carried out:

     • Understanding and assessment of all types of management, operational, financial and compliance risks and evaluating existing         controls to prevent or detect such risk.
     • Suggest modification for system improvements and strengthening of Internal controls.
     • Ensure optimal utilization of company’s resources both financial and non-financial
     • Review and ensure recording of all types of transactions.
     • Review and ensure cost control and suggest areas for cost reduction.
     • Ensure compliance with Internal and External guidelines, policies and procedures
     • Safeguard the assets of the company
     • Review and ensure adequacy of Information System Security and Control
     • Review and ensure adequacy, relevance, reliability and timeliness of MIS

Top

Concurrent Audits:

The Banks or Financial Institutions who are financing the Client may for select areas or operations require Audit to be conducted on concurrent basis. The Audit is carried as per the scope and includes:

     • System review to understand the existing system and procedures and suggest areas for system improvement and strengthening of         controls
     • Review of existing policies, authorization process and sanctioning limits to ensure that expenses are incurred as per laid down         policies and properly authorized.
     • Review of Fund Flow Statement and utilization of funds and resources.
     • Identification of revenue Leakages, if any and areas for cost control and cost reduction.
     • Review of performance of the unit or locations and meeting of Budgets or Target fixed.
     • Ensure compliance with Internal and External guidelines, policies and procedures
     • A Detailed analysis of deviations observed to identify root cause and suggest corrective action for its elimination.

Top

Management Audits:

Management Audit is an independent appraisal activity for review and control of organizational functions so as to ensure compliance with the organizational objectives, policies, procedures, management methods and performances. It is managerial control exercised through auditing.

The objective is to improve future performance of the organization by forecasting on mitigation of potential risk outcomes and attempting to improve the efficiency and effectiveness of the existing business processes through measurement/ benchmarking/review with industry peers. Management Audit covers the following areas:

Management Audit covers the following areas:

     • Structure and Role perception
     • The decision making process
     • System of evolving suitable plans and strategies to achieve organizational goals and monitoring of the same
     • Communication system
     • Resource utilization
     • Means used to achieve the goals

Top

Special Investigative Audits:

The Special Investigative Audits are carried on behalf of Banks, Financial Institutions, Top Management, Special or Group of Investors, etc. The objective of the Special Investigation Audit is to critically review the operations at various levels of the management to ensure flawless processes and effective control. The Audits are conducted as per the specific scope agreed. This would include:

     • The Financial accounts are prepared as per Generally Accepted Accounting Policies, Practices and Standards
     • The detailed analysis of accounting statement based on identified contingencies and provisions.
     • A detailed investigation of the areas specified in the Scope Letter covering financial records and documents; interviews with the        concerned employees, executives top management, past employees and related external agencies/persons; review of Secretarial        Records, minutes book, etc.
     • Identifying the total loss to the organization, persons responsible for the loss and recovery steps available.
     • Corrective actions to be taken to prevent such incidents in future.

Top