Risk assessment, control evaluation and process optimization by expert CAs — starting at ₹25,000.
Internal audit is an independent evaluation of risk management, internal controls and governance, distinct from the annually mandated statutory audit. It is legally required under Section 138 of the Companies Act, 2013 for companies with turnover of ₹200 crore+ or borrowings of ₹100 crore+, and recommended for all businesses to strengthen controls and reduce fraud risk.
Internal audit is an independent, objective assurance and consulting activity designed to add value and improve your organization's operations
Internal audit helps organizations accomplish their objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of:
| Aspect | Internal Audit | Statutory Audit |
|---|---|---|
| Purpose | Improve operations & controls | Express opinion on financial statements |
| Conducted For | Management | Shareholders & stakeholders |
| Mandatory | Only for large companies (₹200 Cr+ turnover) | All companies |
| Frequency | Continuous/periodic throughout year | Annual |
| Scope | Operations, processes, risks, controls | Financial statements |
| Independence | Reports to management/audit committee | Appointed by shareholders |
| Focus | Future-oriented, preventive | Historical, verification |
Source: Ministry of Corporate Affairs
Evaluate efficiency and effectiveness of business operations, identify process bottlenecks, and recommend improvements.
Review financial records, transactions, and controls to support accuracy, compliance, and prevention of financial irregularities.
Assess adherence to laws, regulations, policies, and procedures applicable to your industry and business operations.
Identify, assess, and prioritize risks that could impact your business objectives and recommend risk mitigation strategies.
Investigate potential fraud, examine red flags, and support implementation of preventive controls to protect organizational assets.
Evaluate IT infrastructure, data security, system controls, and technology governance for cybersecurity and efficiency.
Physical verification of inventory, stock management review, and assessment of inventory controls and valuation methods.
Comprehensive audit of branch operations, compliance with head office policies, and local regulatory requirements.
Review HR policies, payroll processing, employee benefits, statutory compliance, and labor law adherence.
Experienced internal auditors with deep industry knowledge
Team of Chartered Accountants, MBAs, and certified internal auditors with 10+ years of experience across industries.
Focus on high-risk areas first using a systematic risk assessment methodology to maximize audit value and impact.
Comprehensive audit reports with actionable recommendations, risk ratings, and management response tracking.
An independent assessment with no conflict of interest, aiming for an unbiased evaluation and recommendations.
Adherence to audit timelines with regular progress updates and prompt report submission.
Beyond compliance — strategic insights, best practices, and process improvement recommendations.
Pricing based on business size, complexity, and audit scope
Internal audit costs vary based on:
A 7-step audit methodology for comprehensive coverage and actionable insights
Understand business, identify risks, define audit scope and objectives
Evaluate inherent risks, prioritize high-risk areas for detailed testing
On-site data collection, interviews, document review, and control testing
Detailed testing of controls, transactions, and compliance requirements
Analyze findings, identify root causes, assess impact and likelihood
Comprehensive report with observations, recommendations, and risk ratings
Track implementation of recommendations and verify corrective actions
What We Review:
What We Review:
What We Review:
What We Review:
What We Review:
What We Review:
What We Review:
What We Review:
What We Review:
Typical control weaknesses and risks discovered during internal audits
Organizations with strong internal audit functions tend to see fewer financial statement restatements (Institute of Internal Auditors)
Comprehensive audit and compliance solutions for your business
Company registration including private limited, OPC, and LLP incorporation.
Learn More →Monthly, quarterly and annual GST return filing with ITC reconciliation.
Learn More →Quarterly TDS return filing, Form 16/16A issuance and TDS compliance.
Learn More →Internal audit services across diverse industries
Production process audit, inventory management, quality control, vendor management, and supply chain audit.
Point-of-sale controls, inventory shrinkage, cash management, online payment gateway audit, and logistics.
Project cost audit, material procurement, contractor payments, site inventory, and compliance verification.
Patient billing audit, pharmacy inventory, insurance claims, medical equipment, and regulatory compliance.
Fee collection, expense management, scholarship audit, examination systems, and infrastructure utilization.
Revenue audit, F&B controls, housekeeping audit, booking systems, and guest service quality.
Project billing, resource utilization, IP protection, data security, and client contract compliance.
Fleet management, fuel audit, route optimization, driver compliance, and cargo security.
Loan processing, KYC compliance, cash handling, interest calculation, and regulatory adherence.
Recommendations for maximizing internal audit effectiveness
Learn more about internal audit standards and best practices:
Internal audit services to help protect your assets, improve operations, and support compliance — from qualified CAs.
