Internal Audit

Ensuring internal readiness to align with evolving compliances

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Internal Audit

Overview

Internal Audit is a critical component of an organisation’s governance and risk management framework. Our services are designed not merely as a compliance exercise, but as a strategic function that enhances transparency, strengthens internal controls, and drives operational efficiency.

At BDO India, we help organisations by providing independent and objective assurance over business processes, operational effectiveness, financial reporting, regulatory compliance, and risk management practices. Our approach is risk-based and aligned with global standards, ensuring that audit efforts are focused on areas of highest impact and emerging risk.

How BDO India Can Help

        We provide comprehensive internal audit services to organisations seeking to enhance their internal control frameworks and risk management practices.

Outsourcing:

We assume complete responsibility for the internal audit function, including planning, execution, and reporting, allowing companies to focus on their core operations.

Co-sourcing:

We collaborate closely with our client’s internal audit team, supplementing their efforts and providing specialised skills and resources as needed. Our services encompass risk assessments, control testing, process improvement evaluations, and compliance reviews.

Concurrent audits involve conducting real-time evaluations of transactions, processes, and activities as they occur, providing timely feedback and insights. Our concurrent audit services contribute to strengthening financial reporting accuracy, safeguarding assets, and enhancing overall governance and risk management practices.

Our team of skilled auditors works closely with companies to assess the effectiveness of internal controls, identify potential risks, and ensure compliance with policies and regulations. Through regular monitoring and assessment, we help organisations identify and address issues promptly, minimising the possibility of errors, fraud, and operational inefficiencies.

Our seconded professionals provide valuable support in various areas, including internal audit, risk management, finance and operations, among others. They assist with project management, process improvement, and implementation of best practices, contributing to increased efficiency and productivity. 

Additionally, our loan staffing services allow organisations to temporarily augment their workforce with qualified/semi-qualified professionals from our talent pool. This flexible staffing solution helps organisations manage workload fluctuations, cover staff absences, and address specific skill gaps.

We offer specialised pan-India stock-taking and fixed asset verification support services to assist companies in effectively managing their inventory and fixed assets. We conduct stock counts, reconciling our findings with the recorded inventory levels to identify discrepancies and potential areas of concern. Our goal is to help organisations maintain accurate inventory records, minimise stock variances, and optimise inventory management processes.

Our fixed asset verification services involve verifying the existence, condition, and location of fixed assets through physical inspections and reconciling the findings with the asset register. This process helps identify missing, misplaced, or obsolete assets, ensuring the accuracy of financial reporting and enabling proper asset lifecycle management.

Our services encompass a comprehensive approach to monitoring and auditing the cash flows and business plans of borrowers. We understand the critical importance of ensuring the financial health and stability of lending portfolios.

How BDO India Can Help

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Meet Our Leaders

Lav Goyal

Lav Goyal

Managing Partner
Business Advisory
View Bio
Arjun Mehta

Arjun Mehta

Partner & Practice Leader
Risk Advisory
Business Advisory
View Bio

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