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Internal Audit Services 

An internal audit helps you asses and improve internal business controls at your company by reviewing risk-management plans and business processes for weaknesses and failures. 

Following are the few activities which are performed under Internal Audit :-

1. General verification

  • Documentation Controls
  • Secretarial Controls
  • Safety and security Controls
  • Legal Documents Controls

2. Human Resources Controls

  • Manpower requirement assessment
  • Checking Interview Panel competency
  • Letter of Offer and Appointment terms and conditions
  • Training & Development Program assessment
  • Legal Compliance Related to HR assessment
  • Accident and Causalities Policy assessment
  • Salary and Wages procedure assessment Etc

3. Purchase & Inventory Management

  • Material Control Assessment
  • Purchase & Requirement Analysis
  • Vendor Registration Assessment
  • Selection / Assessment of the suppliers
  • Execution of Emergency Purchase Assessment
  • Receiving and Inspection of the Material Control
  • Stores/Inventory Management Control Assessment
  • Classification & Coding of Material Assessment
  • Material Control System Analysis, etc

4. Production Process Assessment

  • Assessment of  Reporting Procedure, Listing of Products, Labor hour analysis, Calculation of Idle time & Over time  Calculations etc.
  • Fixed Asset Register for Machinery examination Etc.

5. Policy Assessment

6. Verification of Regulatory Requirements

7. Operational Control Assessment 

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