New Era
Change Catalyst, Key Contributor in Business Process Automation, Authority in Designing GRC Framework, Insider in Fraud Risk Management are some of the expectations of Management from traditional internal auditor.
We give emphasis to understand the Business Model of every client that enables us fulfilling any or all the above stated Management expectations in given scenario. Our leadership team has contributed to many businesses by;
Suggesting practical automation of manual processes using simple tools,
Devised comprehensive IFC framework with Control Self-Assessment practices,
Evaluating & devising comprehensive Compliance Risk Management Program
Guided on financial stability through alternative sourcing of funds and investment options
Revising business processes to prevent revenue leakages and safeguard business assets
This framework has five domains; viz.,
Global Benchmark
COSO internal control framework is unique and looked upon by all the businesses that desire sound control practices to maximise ROI. Five domains of this framework make it very easy to anyone address the needs of Operational Efficiency, Statutory Compliances and Financial Accounting & Reporting.
Our unique methodology for conducting an internal audit engagement has two elements:
Risk Identification aligned with COSO
Value Add
Wider coverage of risks related to processes and systems around:
Business Efficiencies
Financial Accounting & Reporting
Statutory Compliances
COSO Internal Control Domains
Risk Assessment
Control Activities
Use of Data Analytics
Value Add
100% verification of transactions on selected control parameters:
Sequence control fails
Smart transactions sampling for substantive tests:
Value
Period
Product
Location
Type of transaction
Vendor/ Customer
Transaction originator-reviewers – authorizer
Industry – Client Serving
Our Leadership Team has serviced clients from varied industries, that include Banks, NBFCs, Mutual Funds/ AMC, Insurance Companies & Intermediaries, Broking, Manufacturing, IT & ITES, Entertainment, Media & Advertisement, BPO/ Outsourced Services Providers, Not-for-Profit Entities, Healthcare Services etc.
Engagement Universe
Serving various clients based on required regulatory as well as Management desired engagement include following: