Audit, Attestation and Assurance
Internal Audit and Assurance Services
An effective internal audit service is concerned with analyzing and enhancing the quality of a company’s risk management, control, and governance procedures. This is the primary focus of a successful internal audit. It is becoming more common for organizations to use internal audit as a strategic resource. This is due to the realization that the comprehensive and in-depth view of internal auditors on operations, risks, and prospective opportunities may assist in informing corporate decision-making. Every organization is vulnerable to becoming a victim of fraud, and there have been several occasions in which scams have brought shame onto organizations.
Both the management and senior executives of businesses and organizations are becoming more worried about the susceptibility and exposure of their companies and organizations to fraud and whether they are effectively safeguarded. This is due to the rising regulatory attention and widespread negative impact of fraud. This highlights the need for internal audit services within the context of fraud risk management.
JJJ And Company LLP has a team of experts providing audit and assurance services of varied nature both contractual and statutory. Certain auditing services being provided by us are as under:
- Compliance Audit for checking the compliances under various laws.
- Concurrent Audit of the day to day activities of the entity.
- Statutory Audit under Companies Act, 1956.
- Tax Audit under section 44AB of the Income Tax Act, 1961.
- Internal Audit.
- Management Audit and Corrective Measures.
- System Designing and Audit.
- Departmental Audit.
- Financial Statement Audit.
- Follow up Audit.
- Propriety Audit.
- Information Technology Audit.
- Integrated Audits.
- Inventory Audit.
- Forensic Audit and Investigation
- Investigative Audit.
- Operational Audit.
- Performance Audit.
- Revenue Audit.
- Transfer Pricing Audit.
- SOX Audit.
- Payroll Audit.
How JJJ and Company LLP can help?
During an internal audit, we always look for areas that need development and provide suggestions for any significant modifications. At JJJ and Company LLP, we keep close ties with our prestigious customers to ensure statutory and regulatory compliance and help to provide outstanding internal audit services in Delhi. This covers required disclosures as well as value-added services. We guarantee you of offering excellent audit and assurance services, therefore helping you to find any difficulty areas and stored potential in your companies. Following corporate guidelines, we work with great professionalism and moral ideals.
Being among the most respected internal audit consultants in India, audits are an ongoing procedure meant never to cause disturbance to company operations. Therefore, to avoid service delays, it is very necessary to use sufficient personnel and prior planning. Before starting an internal audit service, we try to fully understand how a company runs. Our audit firm stands out for having all of our services tailored to fit certain needs and goals of a business. This calls for a thorough knowledge of the goals, operational procedures, legal requirements, and information needs of your company.
We also provide quality audit and assurance services so that you may find hidden problems in your company. We act with the highest integrity and professional ethics even as we follow corporate norms. We also provide many other services like Transfer Pricing Consultant, GST Litigation Consultant, Income Tax Litigation, and many more.
FAQs
1. What are Internal Audit Services?
Internal audit services assist in ensuring your company is operating according to policy and following standards. We assist your company remain on target by determining if everything is operating as it should and whether your procedures include any flaws or hazards.
2. Why Should I Hire an Internal Audit Consultant?
For your company, an internal audit consultant functions as a new set of eyes. We review your procedures and assist in identifying areas where you may save money, reduce hazards, or increase performance. You are following rules, and everything is functioning as it ought to.
3. What’s the Difference Between Audit and Assurance Services?
Mostly, audit services concentrate on verifying your financial records to ensure everything balances. Conversely, assurance services examine your whole company operations—including risks and controls—to offer you hope that everything is in excellent condition.
4. How can Internal Audit Services in Delhi Help my Business?
Delhi’s internal audit services may help you keep compliant with local legislation, prevent financial errors, and guarantee the effective operation of your company. We guarantee that your operations are working as we assist you in finding areas needing work.
5. How Often Should I do an Internal Audit?
Although most companies undertake an internal audit at least once a year, or you could do them more often in areas that call for additional attention. One should continuously be looking to ensure that things are operating as they should.
6. What do Audit and Assurance Services Include?
Audit and assurance services verify your financial records, observe whether your company is operating under policies, and search for any hazards. These services provide you peace of mind, knowing everything is in order, and assist you in grasping the state of affairs of your company.
7. Can Internal Audit Services Help Improve my Business?
Absolutely! Services related to internal audits might point up areas where you could save money or where things might be more efficient. We point out issues before they become more significant and provide recommendations for how your company may run better. To know more, contact us!
