Internal audits assess the efficiency of internal controls, risk management systems, and governance processes.

Legal Requirements:
– Internal audit mandatory for specified companies as per Section 138 of the Companies Act, 2013.
– Alignment with industry standards and internal control frameworks.

Key Areas:
– Risk assessment and internal control evaluation.
– Process improvement and fraud detection.

Deliverables:
– Detailed audit reports with actionable insights.
– Recommendations for operational and governance improvements.