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Internal Audit

Internal Audit services are critical for any firm to enhance their business performance by ensuring effectiveness of internal controls and risk management processes from top level management to bottom level in the organization. By assessing the corporate governance and accounting processes of any firm, internal auditors ensure improved operational efficiency.

At AKM Global, our team of proficient and experienced professionals strengthen the processes and controls by providing tailored solutions to respond to the disruptive market forces to achieving high level of efficiency in internal controls, better risk management and accelerated regulatory compliance.

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Our Internal Audit Process

Initial Consultation

We start with a comprehensive consultation with our clients to understand their customized needs. Our team engages with their Board of Directors, Key Management Personnel and key stakeholders to discuss their business processes and requirements, followed by detailed examination of their procedures, workflows and operational practices along with their IT infrastructure.

Risk Assessment

We identify and analyse potential risks to the organization’s objectives, ensuring comprehensive coverage and prevention of control issues.

Audit Planning

Based on our findings, we develop a detailed and customised audit plan and strategy, highlighting the initial data requirements and audit schedule, which is then shared with the key management personnel and stakeholders.

Fieldwork and Testing

Our team conducts thorough audit fieldwork to gather information, performs system walkthroughs, and tests controls to identify non-compliance areas, assess risks and suggests corrective actions to mitigate those risks.

Reporting and Recommendation

Recommendations are based on the internal auditor's observations and conclusions. We deliver a detailed internal audit report outlining identified issues, their causes, impacts, and actionable recommendations to address gaps and improve processes.

Follow-up and Monitoring

We actively monitor our team to ensure timely implementation of the action plan recommended and agreed upon with the client.

Why AKM Global?

  • Operational efficiency: 43+ Years of robust industry experience
  • Diverse industry knowledge: Proven track record across various sectors such as Finance, Healthcare, Pharmaceuticals, Steel, Chemical, Automobile, Real Estate & Construction, and IT & ITES
  • Risk Mitigation: Benefit from our expert risk advisory services
  • Personalized Approach: Receive tailored solutions for effective internal controls
  • Advanced financial tools and technology: Latest financial tools and technology to provide accurate insights and applications
  • Governance and Compliance: Ensure adherence to regulatory standards

Looking to get started:

Contact us today at info@akmglobal.in to set up your initial consultation and take the first step towards safeguarding your businesses with our Internal Audit services.