Internal Audits

Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. These audits ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection

Sectors of Internal Audits

  • checkAccounts and statutory compliances
  • checkCost Analysis
  • checkInternal financial control with TOC & TOD
  • checkManagement Information System
  • checkDefining Standard Operations Processes and BPR
  • checkEstablishing and Reviewing Internal Controls Systems
Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit.

Compliance Audits 
It evaluates compliance with applicable laws, regulations, policies and procedures. Some of these regulations may have a significant impact on the company’s financial well-being. Failure to comply with some laws, such as the Foreign Corrupt Practices Act (FCPA) or General Data Protection Regulation (GDPR), may result in millions of dollars in fines or preclude a company from doing business in certain jurisdictions. 


Environmental Audits
Environmental Audits assess the impact of a company’s operations on the environment. They may also assess the company’s compliance with environmental laws and regulations.


Information Technology Audits 
It may evaluate information systems and the underlying infrastructure to ensure the accuracy of their processing, the security and confidential customer information or intellectual property. They will typically include the assessment of general IT controls related logical access, change management, system operations, and backup and recovery.


Operational Audits 
Operational Audits assess the organization’s control mechanisms for their overall efficiency and reliability.


Performance Audits
Performance Audits evaluate whether the organization is meeting the metrics set by management in order to achieve the goals and objectives set forth by the Board of Directors.