Internal audits serve as a managerial tool to make improvements to processes and internal controls. The results of the internal audit are used to make managerial changes and improvements to internal controls. The purpose of an internal audit is to ensure compliance with laws and regulations and to help maintain accurate and timely financial reporting and data collection. It also provides a benefit to management by identifying flaws in internal control or financial reporting prior to its review by external auditors.
Finance & Accounts Audit
Internal Audit is necessary as it deals with issues that are fundamentally important for the survival and prosperity of any business.
Internal Audit is now a necessity as it has become a specialised service requiring not only expertise in accounting but also in organisational behaviour and in functional areas of management.
We TBFC assist our clients with an in-depth analysis of their operations and advise them on critical risk areas and possible opportunities for improvement. With our integrated approach to internal audit we help them boost performance and add value to their operations.
Our dedicated team of experienced and certified professionals assist our clients to understand the various aspects of internal audit and customise audit techniques as per client requirements to conduct the audit of internal financial controls over financial reporting.
Key Parameters under Internal Audit:-