Internal Audit is an ideal tool to lessen gaps and loopholes between the varied business processes and execution strategies of an entity in different commonplace office functions such as HR, Finance, Risk and Statutory compliances. Internal Audit is nothing but the cautious assessment of internal controls. It lends a hand in implementing the better industrial norms and standards to meet business objectives.
As stated by the standard laid down by The Institute of Chartered Accountants of India (ICAI), Internal Audit is largely defined as a Risk Management Function autonomously carried out to support the Management of an entity. It is performed internally at the request of the Management and poles apart from External or Statutory Audit.
As per Securities and Exchange Board of India (SEBI), listing agreement requires listed entity to ensure:
At Parikh & Associates, we offer a design to suit individual entity's needs and address their Concerns. Our endeavor is to handhold you right from addressing your key business concerns, helping you comply with regulatory norms and enhancing overall effectiveness of corporate governance and reporting requirements, boosting your operational efficiencies to achieve your strategic business goals.
While we tailor our solution to a client’s requirements, the agility, conviction and sensitivity with which we approach any issue is constant. We move toward the every audit with a high standard of professionalism and integrity, while also working with our clients to improve their internal controls and governance.