What are Internal Audit Services?

It is an independent review of accounting, financial and other operations and controls of the organisation through specialised auditing techniques. It helps organisations in performing their day-to-day task with more finesse and efficiency. It highlights key deficiency and discrepancies in the policies and procedures adopted by the Company for performance of their tasks and at the same time guide the management on how to achieve positive synergies by plucking out the loopholes identified the process of audit.

Who all are required to get their internal audit done?

Entity Limit
Listed companiesNo limit. All are required to get internal audit services from professionals.
Unlisted public companies Any of the following conditions are fulfilled:
– Paid up share capital- INR 50 crores or more during the preceding financial year;
– Turnover or income- INR 200 crores or more during the preceding financial year;
– Outstanding loans or borrowings from banks or financial institutions- INR 100 crores or more during the preceding financial year.
Private companies Any of the following conditions are fulfilled:
– Turnover or income- INR 200 crores or more during the preceding financial year;
– Outstanding loans or borrowings from banks or financial institutions- INR 100 crores or more during the preceding financial year.

How MSB can help with your company’s Internal Audit?

  • Run by renowned professionals having 10 years of experience in Audit services.
  • Overseas experience in the field of Audit services in US, Singapore, Canada, GCC Countries and India.
  • Eminent ICAI Chartered Accountants.
  • No hindrance in daily operations of clients.

We strategize our internal audit services in a manner that does not hamper daily operations of the organisations and at the same give us enough independence to inquire and collect information to identify inconsistencies in the process. This helps us in getting key information about prevailing policies and procedures of the organisation and formulate strategies to improve the output of the process.

We assist the management in implementing the new policies and procedures and help them in monitoring the new policies and their impact on an organisation as a whole.

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