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Internal Audit Services

Internal Audit Services

Independent Internal Audit by Chartered Accountants

Internal audit plays a critical role in strengthening internal controls, improving operational efficiency, and managing business risk. It goes beyond compliance to provide management with practical insights into processes, controls, and governance.

N D Savla & Associates provides professional Internal Audit services, helping organisations identify control gaps, mitigate risks, and improve decision-making through structured and independent review.

What Is Internal Audit?

Internal audit is an independent examination of an organisation’s financial, operational, and compliance processes to evaluate the effectiveness of internal controls and risk management systems.

Unlike statutory audit, internal audit is a continuous and management-focused function, designed to add value by improving processes and preventing errors, fraud, and inefficiencies.

Scope of Our Internal Audit Services

Review of accounting and financial controls
Evaluation of operational processes and SOPs
Compliance review under applicable laws
Risk assessment and control gap analysis
Fraud risk assessment and detection review
Review of revenue, expenses, and cost controls
Verification of assets and inventory
Governance and reporting review

Each audit is aligned with business objectives and risk priorities.

Who Needs Internal Audit?

  • Companies and LLPs
  • Growing businesses and startups
  • Group entities and holding companies
  • NGOs and trusts
  • Organisations with decentralised operations
  • Businesses seeking stronger internal controls
It is especially valuable where management wants independent oversight and process improvement.

Benefits of Internal Audit

Early identification of risks
Improved operational efficiency
Better compliance
Reduced fraud risk
Stronger governance

Our Internal Audit Approach

  • Understanding business processes and risks
  • Developing a customised audit plan
  • Detailed testing and walkthroughs
  • Identification of control gaps
  • Practical recommendations
  • Periodic reporting to management

Our focus is on clarity, practicality, and value addition.

Internal Audit Services – Pan India

Our internal audit services are available across India. We work closely with management teams, offering on-site and remote audit support depending on operational requirements.

F.A.Q.

Internal audit is mandatory for certain companies under the Companies Act, 2013. For others, it is recommended as a best governance practice.

Statutory audit focuses on financial statements, while internal audit evaluates internal controls, processes, and risk management on an ongoing basis.

Frequency depends on business size and risk profile. Many organisations opt for quarterly or continuous audits.

Yes. Internal audit helps identify control weaknesses and red flags that may lead to fraud or misuse.

Internal auditors are appointed by the Board or management, depending on legal requirements.

Yes. We provide customised internal audit services for startups and growing businesses.