Internal Audit Service

Internal Audit and Risk Advisory Services

We view internal audits as a critical element of a broader strategic framework rather than merely a compliance requirement. Our approach starts with a deep understanding of your business operations from a management perspective, followed by an independent review of your internal controls. This dual lens allows us to provide actionable insights that not only highlight gaps but also suggest improvements that directly enhance your organization’s governance and operational efficiency.

Our internal audit services are designed to evaluate existing controls while also implementing enhancements, helping your organization mitigate risks and optimize business performance.

Turn Audit Insights into Business Advantage

Our Core Services Include:

Risk-Based Internal Audits: Focusing on areas of highest risk, ensuring resources are concentrated where they matter most to safeguard assets and ensure operational continuity.
Process Evaluation and Optimization: Examining your current processes to identify opportunities for improvement, drive efficiencies, and strengthen internal controls.
Pre-Audit Checks and Transaction Verification: Conducting in-depth reviews of transactions and financial activities prior to the formal audit process, ensuring accuracy and compliance.
Inventory Audits (Perpetual and Periodic): Offering regular checks and reconciliations of inventory to ensure the integrity of records and improve inventory management practices.

Fixed Asset Management and Verification: Independently assessing fixed assets to ensure they are accurately recorded and efficiently utilized, contributing to better capital management.
IT Systems Risk and Cybersecurity Reviews: Conducting thorough assessments of your IT infrastructure, identifying potential risks, and recommending strategies to secure critical digital assets.
Internal Financial Controls (IFC) Framework and Testing: Designing and testing robust financial control systems to ensure compliance with regulations and strengthen overall financial governance.
Compliance Audits: Evaluating your adherence to applicable regulations, policies, and industry standards to minimize compliance risks and ensure smooth business operations.

Audit Excellence

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At Nikhil Rawal & Co., our internal audit services are led by a multidisciplinary team of Chartered Accountants, Company Secretaries, Engineers, and Legal Experts. With deep industry knowledge and technical expertise, we deliver comprehensive, risk-centric audits.

By leveraging advanced data analytics, audit management software, and top-tier ERP platforms, we streamline the audit process to enhance both efficiency and effectiveness. Our approach ensures audits are not only thorough and compliant but also deliver actionable insights and long-term value.

Comprehensive Audits

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Additionally, we collaborate seamlessly with our firm’s direct and indirect tax specialists, integrating their insights into our audit findings and recommendations for a more holistic approach to business risk management.

At Nikhil Rawal & Co., we strive to deliver audits that not only fulfill regulatory requirements but also provide valuable insights to enhance business resilience and operational effectiveness.

Internal Audit