Internal Audit

Sarvam Associates is specialized in Internal Audit which is primarily conducted to provide the client’s management with a clear, comprehensive, and proper analysis of the functional efficiency of the organization and to suggest possible areas for improvements. We Sarvam Associates strongly believe in Internal Audits being a value addition exercise rather than a mere compliance exercise.

Sarvam Associates firmly believes in providing value-added services through the highest levels of professional competency and integrity to its clients. Our Internal Audit services are designed to suit individual client-specific needs. It assists clients in managing their key business concerns, be it achieving strategic business goals, meeting operational challenges, complying with regulatory norms, or managing to report requirements.

What Sarvam Associates offers
The company has vast & varied experience in conducting all types of Audits for large & medium-sized business entities. The Company also has the expertise to prepare financial statements not only by accounting standards but also in compliance with the generally accepted accounting principles. Our Internal/Management audits focus on:

  • Critical evaluation of internal controls adopted by organizations and suggesting areas for strengthening
  • Review of existing business processes, policies, and practices to suggest best practices, including a thorough benchmarking exercise.
  • Review of Management Framework and its effectiveness to provide suggestions for strengthening the same.
  • Constructive review of operations by keeping the client’s business needs in focus
  • Identification and recommendation of areas for cost reduction, revenue optimization, and improvement in operational efficiency followed by assistance in their implementation
  • Providing result oriented and practical solutions followed by support for its implementation
  • Confirmation of proper compliance with the various regulatory provisions and operational manuals
  • Assisting in meeting the clients’ Corporate Governance requirements
  • Our Services Includes
    Complete outsourcing of internal audit function
  • Compliance with management controls
  • System and process improvements
  • Due diligence for acquisitions and investments
  • Co-sourcing and supplementing internal audit function along with the existing capabilities of the client organization
  • Conducting audits with dedicated teams for more focused transaction audits.
  • Conducting operational audits through review of business operations, activities, etc

Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Safeguarding of assets, adequate division of authority over key control areas, and compliance with internal operating policies and guidelines are other focus areas of our procedures. Our objective is to ensure that the resources of the organization are optimized to deliver the maximum possible value.

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