Internal Audit Services
Implement Internal Audit & Improve your Organization Internal Control Systems.
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations, improve the effectiveness of risk management, control and governance processes.
BizIndiGo has its own as well as a large network of internal auditors, qualified professional & experts providing comprehensive internal audit and assurance services designed to enhance the effectiveness of internal controls of the enterprise.
What is Internal Audit?
According to the Institute of Internal Auditors, “internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
The scope of internal auditing within an organization is broad and may involve topics such as an organization's governance, risk management and management controls over: efficiency & effectiveness of operations, safeguarding of assets, the reliability of financial and management reporting, and compliance with laws and regulations and much more.
Advantages of Internal Audit - Internal Audit Services
- Helping protect assets and reduce the possibility of fraud
- Improving efficiency in operations
- Establishing monitoring procedures
- Increasing financial reliability and integrity
- Ensuring compliance with laws and statutory regulations
- Improves the “control environment” of the organization
- Makes the organization process-dependent instead of person-dependent
- Identifies redundancies in operational and control procedures and provides recommendations to improve the efficiency and effectiveness of procedures
- Serves as an Early Warning System, enabling deficiencies to be identified and remediated on a timely basis (i.e. prior to external, regulatory or compliance audits)
- Ultimately increases accountability within the organization, Serves as an Early Warning System, enabling deficiencies to be identified and remediated on a timely basis (i.e. prior to external, regulatory or compliance audits)