Internal Audit

Internal Audit services offer assurance to organizations on controls, risk management & governance to ensure the organization is managed effectively. Having independent and professional expertise to analyze the process flow, cash & financial management, internal controls, documentation & compliance, is effective for a business to optimize operation, mitigate risks, and facilitate preparedness.

With day-to-day operations, many businesses fall behind in implementing controls, improving governance, and analyzing risk. Squarecut Consultancy’s Internal Audit team specializes in identifying these gaps and bridging them with necessary controls, enabling businesses to function smoothly.

Squarecut Consultancy team does this through a combination of assurance and consulting. The assurance part of our work involves telling managers and governors how well the systems and processes designed to keep the organization on track are working. Then, we offer consultation to improve those systems and processes where necessary.

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

Internal Auditor offers management and board assurance that the organization is being run in the best interest of stakeholders by evaluating and reporting risk areas and highlighting where improvements are necessary.

Our Deliverables

• Ensuring transparency and accountability of duties and responsibilities at each level of the organization
• Achieving smooth flow of process and information
• Process improvement based on market and industry conditions
• Risk management by evaluating gaps or loopholes and thereby reducing exposure

Our Methodology

• Understanding the scope of the audit
• Designing a risk-based matrix for each process based on the scope of the audit
• Executing internal audit process across the departments
• Identifying the weakness and assigning risk ratings based on the matrix
• Submission of the report along with the recommendations

With an efficient internal audit system in place, organizations can concentrate on improving their profitability. It also allows preparedness and risk mitigation by ensuring controls where required.
For a complete internal audit solution contact us.