CONTACT OUR INFO
You can visit our Head Office at the following Address
D-306, FF, Sushant Shopping Arcade, Sushant Lok-1, Near Huda City Center Metro Station, Gurugram, Haryana – 122002
Week Days: 10:00 – 18:00
Saturday: 10:00 – 15:00
The main focus of internal audit can be summarized in words: Value Addition. At KMG Advisors, we strive to add value to the core areas of business so that value can be added to every area of business.
As internal audit mainly involves following procedures:
Understanding of Business Process: Business understanding gives the necessary background support for carrying out the internal audit
Understanding of the internal controls: Organizations develop and implement various controls to ensure that every area of business is steering in smooth manner. Understanding of these controls is required so that these audit procedures can be developed according to the controls.
Testing of internal controls in place: The main procedure of internal audit is to test the internal controls in place.
Identifying process gaps: The gaps are identified to provide for the actions needed and the timelines for the actions.
Providing the suggestions for Improvements Areas: In the end suggestions are provided to the improvisation of the business process and the controls including recommendations for the control not in place.
While the normal routine work is going, the process and the controls cannot be audited by the executioner side by side. It requires an independent examination by an outsider so that controls can be tested in an unbiased manner. Hence internal audit provides vital strength for the growth of any organization.
D-306, FF, Sushant Shopping Arcade, Gurgaon, Haryana
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Whether you want us to work for you or help you in complicated advisory and getting approvals. we can help!