Practice Brief • Audit & Assurance Services
Internal Audit & Internal Control Systems
Risk-based operational audits, process optimization, fraud deterrence, and SOP reviews.
Turnaround: Quarterly or monthly rolling audit cycles
Practice Lead: CA. R.A. Dhoot & Internal Audit Team
Practice Methodology & Regulatory Scope
We evaluate Procure-to-Pay (P2P), Order-to-Cash (O2C), Hire-to-Retire (H2R), and Inventory Management cycles. Our Risk and Control Matrix (RCM) identifies segregation-of-duties gaps, IT general control weaknesses, and operational leakages to enhance enterprise productivity.
Governing Statutory Acts & Guidelines
Section 138 of Companies Act 2013
COSO Internal Control Integrated Framework
ICAI Standards on Internal Audit (SIAs)
Tangible Client Deliverables
1
Comprehensive Risk-Based Internal Audit (RBIA) Reports2
Process Flowcharts and Risk & Control Matrices (RCM)3
GAP Analysis on Standard Operating Procedures (SOPs)4
Actionable recommendations matrix with Management Action Plans (MAP)5
Quarterly review presentations to the Board of Directors & Audit CommitteeMeasurable Enterprise Safeguards
Direct cost containment through elimination of operational waste and leakages
Stronger fraud deterrence and robust segregation of duties
Streamlined statutory audit cycles with pre-tested internal controls
Statutory Practice FAQs
Q: When is internal audit mandatory under Section 138?
A: Internal audit is mandatory for listed companies and unlisted public companies meeting specific capital/turnover thresholds, as well as private companies having turnover of ₹200 Crores or more, or outstanding loans exceeding ₹100 Crores.
Partner Consultation
Engage Practice Partner
Schedule an in-person chambers discussion or encrypted virtual conference with our senior practice leader.
Designated Partner Lead:
CA. R.A. Dhoot & Internal Audit Team
ICAI Fellow Chartered Accountant
Strict client confidentiality maintained under ICAI Code of Ethics.