Internal Audit

The business environment today is becoming more competitive, increasingly complex and is hugely exposed to risk. As the risk landscape expands, adopting new ways to deliver more value to differentiate your business becomes important.

Internal audit plays a key role in managing risks, improving management controls and the governance mechanisms in the Organization by providing key insights and recommendations to the businesses after performing a thread bear analysis and assessment of the business data.

Internal audit can safeguard a business from the following:

  • Operational inefficiencies
  • Potential frauds
  • Non-compliance with laws

We as MASHI provide internal audit service to help organizations to safeguard their Business Interests.

Internal Audit Methodology

  • Risk Assessment
  • Audit Plan
  • Audit Scoping
  • Process review/transaction review
  • Identification of risk & internal control weakness
  • Draft report & discussions
  • Management response with action timelines
  • Final report
  • Follow up