When it comes to an internal audit, it is often neglected by companies for want of legal obligation or lack of time and resources. But when the management tries and understands the importance and underlying objective of getting internal audits, and all the benefits it offers, the process of internal audit becomes more valuable and pleasant. SMC provides the most precise and best quality internal audit service in Ahmedabad, and here is everything you need to know about our internal audit services.
Internal auditing is aimed at evaluating the company’s internal control framework, corporate governance mechanism, compliance with laws, accounting processes to ensure accurate and timely financial reporting, operational efficiencies, and safeguarding of assets. Internal audit aids the organization in accomplishing all its strategic missions and objectives by introducing a systematic and disciplined approach and methodology to improve risk management, governance policies and brings compliance to rules and regulations. It provides necessary confidence to the management that the company can meet the demands of the ever-changing external environment.
Some organizations have their own internal audit department and want us to review their internal audit function. In such cases, we understand and evaluate its operating procedures, methods, and capabilities vis a vis department’s objectives to identify and implement better processes and control mechanisms.
Our outsourced internal audit service is aimed at providing a full-fledged service wherein we carry out the audit with our experienced auditors and domain experts. At the end of the audit, we provide you internal audit report with our recommendations and help you implement those recommendations.
Our internal auditors provide their expert guidance on developing internal control policies and procedures and help you improve the control framework within the organization.
Our auditors study your current business processes, compare them with the best practices, identify weaknesses and improvement opportunities, and devise a new set of business processes to achieve higher efficiencies.
We do undertake follow-up engagements where we help you implement recommendations from the last internal audit report to ensure better compliance and operational efficiencies.
