Professional and experienced team-
Cost-effective efficiency and timeliness
T&C*
Terms & Condition*
- Total payment may vary depending on government fees and the entity of the company.
- Downtime on the government portal may cause work delays.
- Documents should be appropriate as per the requirements.
- Documents must be provided in time to avoid delay.
- Proactive compliance management
- Unlock the business's growth potential.
- Transparency and communication
- Comprehensive service offerings
Company Internal & External Audits
Internal audits are conducted by a company's own personnel to assess internal controls, risk management, and compliance with policies and procedures. These audits ensure operational efficiency, identify weaknesses, and mitigate risks. External audits, on the other hand, are performed by independent auditors to verify the accuracy of financial statements and compliance with regulatory requirements. They provide stakeholders with assurance regarding the company's financial health and transparency. Both internal and external audits are crucial for maintaining accountability, transparency, and trust within the organization and among stakeholders.
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An Internal Audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps the organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
An External Audit is an independent examination of an organization's financial statements and other financial information by an external auditor. The purpose of an External Audit is to provide assurance to stakeholders, such as shareholders, creditors, and regulators, that the financial statements are free from material misstatement and fairly present the financial position and performance of the organization.
- Scope: Internal Audits focus on evaluating internal controls, risk management, and operational effectiveness within the organization, while External Audits focus on verifying the accuracy and reliability of financial statements prepared by the organization.
- Objectives: Internal Audits aim to provide independent assurance and consulting services to improve organizational processes and operations, while External Audits aim to provide independent assurance on the fairness and accuracy of financial statements to external stakeholders.
- Reporting: Internal Audit reports are typically shared with internal management and stakeholders, while External Audit reports are issued to external stakeholders, such as shareholders, creditors, and regulatory authorities.
- Independence: Internal Auditors are employed by the organization and report to internal management, while External Auditors are independent third parties appointed by shareholders or regulatory authorities and report to external stakeholders.
- Establishing clear audit objectives, scope, and criteria.
- Providing adequate resources and support for audit activities.
- Promoting independence, objectivity, and integrity of auditors.
- Implementing robust internal controls and risk management processes.
- Actively monitoring and addressing audit findings and recommendations.
- Fostering a culture of accountability, transparency, and ethical conduct within the organization.
- Engaging with external auditors and providing timely access to relevant information and personnel.
- Continuously reviewing and improving audit processes and practices based on feedback and lessons learned.
