Internal Audit and Concurrent Audits

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

The concurrent audit aims at shortening the interval between a transaction and its independent examination. It is, therefore, integral to the establishment of sound internal accounting functions and effective controls and is regarded as part of a business entity early warning system to ensure timely detection of serious errors and irregularities, which also helps in averting non-compliances to various statues, errors or omissions in the accounting system, weakness in Internal Controls, etc.

Sound concurrent and Internal Audit reporting system and efficient Follow-up action on the Internal/concurrent audit reports and rectification of the deficiencies with a high priority will help the entity in early detection and correction of errors, noncompliances, etc.

Our firm with Young and Dynamic Team with experienced professionals who is well equipped in Internal Audit and Concurrent Audit of Banks, Corporates, and Non-Corporate Business entities. We also provide Internal Audit Services for the Corporates as per Section 138 of the Companies Act 2013.