We follow a structured, risk-driven approach aligned with IIA Standards and the COSO Framework.
Identification of high-risk areas through management interviews, process walkthroughs, and analysis of prior audit observations. Development of a risk-based audit plan.
Design and effectiveness testing of key controls — preventive and detective — across procurement, inventory, production, payroll, and financial reporting.
Detailed audit report with findings categorised by risk level, root cause analysis, management responses, and time-bound action plans.
Executive summary dashboard for the Audit Committee and Board — compliant with SEBI LODR requirements for listed companies.
Systematic follow-up on all open audit observations until management closure, with quarterly status updates to the Audit Committee.
Testing of Internal Financial Controls (IFC) as required under Section 143(3)(i) of the Companies Act 2013 for listed and public companies.
Vendor evaluation, purchase process controls, inventory management, wastage monitoring, and stores management.
Production efficiency, capacity utilisation, yield ratios, quality rejection rates, and cost centre performance.
Payroll processing controls, ghost employee checks, overtime authorisation, and statutory compliance (PF, ESI, gratuity).
Cash management, bank reconciliation, authorisation matrix, treasury operations, and forex management.
ERP access control review, segregation of duties, data integrity checks, and IT security assessment.
Revenue recognition, discount authorisation, credit control, dealer management, and dispatch documentation.
