Internal audit tests whether your controls actually work — not whether the accounts balance. We run internal audits, stock and receivable verification, compliance reviews, systems audits and transaction due diligence for Indian SMEs, and we report in plain language with a fix attached to every finding.
A statutory audit tells your shareholders the accounts are true and fair, once a year. Internal audit tells you, during the year, where someone can quietly cost you money — and how to close that door.
The statutory audit was clean. It had been clean for six years running.
A ledger that balances only tells you the entries agree with each other. It never tells you who could have moved the money.
We scope each assignment around where the risk and the money actually are, which for most manufacturers means stores, purchase and receivables long before it means the general ledger.
Some of the biggest risks to an SME never appear in the accounts until it is far too late — a single unbacked server, one person who holds every password, a regulatory registration that lapsed, or no plan for the week after a fire or a flood.
We assess these deliberately and give you a short, prioritised list with owners and dates rather than a risk register nobody opens.
One page for the promoter with the three findings that matter, then the detail. Every finding has a cause, a rupee impact where we can estimate it, a recommended fix, and a named owner with a date.
We then come back and check whether the fix was implemented. An audit finding that is never closed was a waste of everybody's time.
Client names are held back for obvious reasons.
Manufacturing · stores and inventory
Inward, issue and verification processes were undefined, producing inventory mismatches and real pilferage risk. After new goods-receipt, issue and count procedures, inventory variances dropped 50% and stock statements became reliable enough for bank reporting.
Statutory audit is required by law, performed by an independent auditor, and gives an opinion on whether the financial statements are true and fair. Internal audit is commissioned by management, runs through the year, and tests whether controls and processes are working. One protects shareholders; the other protects the business.
Under the Companies Act, internal audit is mandatory for certain classes of companies based on turnover, borrowings and paid-up capital. Many businesses below those thresholds commission it voluntarily, usually after a loss they did not see coming. We can confirm whether the requirement applies to you.
For businesses with working capital limits, banks usually require stock audits annually or half-yearly. Internally, we recommend a full physical count at least quarterly with monthly cyclical counts of high-value items.
Yes. We review financial, tax, compliance and process risk on the target, and report what should change the price, what should be indemnified, and what should stop the deal.
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