Risk based Internal Audits
The Firm has extensive experience in conducting Risk based Internal Audits. The adopted Approach to Internal Audits is as follows:
- Review of existing Business Processes and existing ERP systems to ascertain the in-built controls and ascertain control gaps
- Comprehensive review and analysis of various system reports to ascertain business trends and identify “Exceptions”
- Carrying out a detailed “Root Cause Analysis” to identify the reasons for the gaps
- Suggest a “Proactive Solution” to help companies eliminate a problem
- Monitor implementation of the suggested solutions