Kediataxconsultants

SERVICES

RISK MANAGEMENT AND INTERNAL AUDIT

Risk management helps organization to reach at required goal. Internal audit is a tool used by the management of the company to review and evaluate internal checks and internal control system in the company and check compliance with such internal control systems and guide management in initiating corrective action. Internal audit covers the following areas:

  • Revenue Audit – Income Leakage Audit
  • Compliance Audit – Taxation and other regulatory
  • Payroll Audit
  • Reimbursement Audit
  • Procurement Audit
  • Systems Audit – EDP Audit
  • Stock Audit

Internal or Management audits are carried out to audit internal control procedures adopted by an organization in carrying out its transactions. It helps to improve effectiveness of risk management, control and governance. The scope of internal audit generally includes the following

  • Efficacy of operations
  • Cost Control
  • Compliance with statues
  • Prevention of Fraud
  • Safe Guards of assets
  • Effectiveness of system of internal control
  • Financial reporting procedures
  • Ensuring the reliability of financial statements.