♦ Process review and Validations
♦ Revenue Assurance
♦ Compliance review
We assist management in understanding the Gaps between “as is” and “to be” in the process. Good processes and practices are core to any organisation. It is propelling strategy for efficiency and we, with structured approach, support management in developing good processes within the organisation for sustainable base. Managing business process adds crucial value in long run by making entity “process driven” rather than” person driven” organisation.
Revenue assurance addresses in identifying, remedying and suggesting for prevention of errors in revenue cycle and plug the revenue leakages in all income streams.
Compliance reviews assures the management about the compliance of applicable laws along with the laid down procedures
Internal Audit has become necessity in mid-size organisations. Internal audit is always grossly misunderstood as sibling to statutory audit or function for checking for tax compliances only. Modern Internal auditor is consultant and with analytical skills, helps businesses to improve; processes, internal controls, entity wide risk management, performance measurements, and MIS. Effective internal audit can reorient the entity towards gaining pervasive value. Being an expert in the area since 1997, Our Integrated approach of 3600 scrutiny of transaction in internal audit is unique which identifies the areas for improvements in all functions of the entity and also helps management to have business insights from outsider’s point of view. We believe in building internal audit function as value centre than cost centre.
Risk is pervasive across business organisation. In dynamic business scenario, businesses are exposed to many external and internal risks. Internal risks are more deteriorating to business if not identified and addressed in time. Managing various risks in time can also unlock opportunities for responsive entities. We strongly believe that every entity, irrespective of its size, must carry out risk assessments on regular basis. We assist the organisation to identify, manage and mitigate all the risks across the entity.
Business can scale high, only if, supervised and monitored. Internal controls are central for any organisation’s success and survival. It is the link between management’s objectives and risk. Operational Risks & frauds and controls are inversely proportional. Businesses need to build strong control procedures within the organisation for seamless functioning and achieving its objective. Through our profound study of internal control frameworks, We support entity to identify the gaps in internal controls and suggest improvements for robust control systems.
The companies Act 2013, made it mandatory to almost all entities and auditors to certify that IFC are in place, implemented & operating effectively and disclose this fact in Annual report. As compliance, the entity needs to prepare the “Risk control Matrix” for all significant account balances and classes of accounts. We assist management in preparing Risk control matrix and also test the controls required for IFC’s. Management would not only strengthen the controls through this activity but also improve on data accuracy, accountability and control environment.
We carry out stock and debtors audit for banks borrowers and also for businesses. Assessment of business risks of borrowers in stock audit is forefront objective in this assignment.
Payroll has been one of the important function in an organisation. We carry out comprehensive scrutiny of payroll function ranging from checking data integrity, compliances of various laws, to assessments of opportunity of improvements in policy relating to human resource.
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