Internal Audit Services in Pune

Modern corporate governance calls for higher levels of regulatory compliance, financial accountability and integrity. At PKC, our team is well-equipped to deliver a holistic and tailor-made solution to all your internal audit needs.

Our expert pool of internal audit services offers IFC Audit Services, Risk and Compliance Solutions, Corporate Governance Audit, Governance Risk Compliance Services, GRC Implementation Services, Internal Audit Assurance Services, Internal Audit Advisory Services, Internal Audit Financial Services, Internal Control System Audit, IT Governance and Compliance, Internal Controls and Compliance, Financial Risk and Compliance Audit, Risk Mitigation and Compliance, Financial Risk Assessment, and Financial Statement Audit. You name it, and we have it!

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What is Internal Audit? Why is it important?

An unbiased, objective and structured analysis that delves deeper into company’s internal controls to gauge risk management as well as governance framework in order to reveal any pitfalls in financial reporting. It primarily includes verification of financial statements, identifying internal control lapses, potential risks, foreseeing, preventing and mitigating fraud, and bulletproofing the company’s assets.

Necessitated by the Companies Act 2013 for listed businesses, it’s not just legally obligatory but also futuristically crucial. At PKC, we have amalgamated the traditional compliance-check approach with the dynamic and actionable insights that drive growth. Our customer-centric ideology provides valuable and actionable insights to ensure compliance, clarity, a competitive edge, and stakeholders' confidence.

Types of Internal Audit

Financial Audits

Conducting an in-depth and systematic evaluation of internal control mechanisms and reporting systems pertaining to financial reporting processes and preparation of financial statements.

Process Audits

A razor-sharp focus on internal controls of key processes, procedures, or systems to enhance productivity, efficiency, and efficacy, ensuring they align with organisational goals.

Compliance audits

A structured assessment to measure and ensure that a process, system, or area complies with policies, plans, procedures, applicable laws, regulations, contracts, or other mandates and requirements.

Why we are the Best Internal Auditors in Pune

Financial Audit is a powerful tool that can reveal both the strengths and weaknesses of any business. Through our AI Powered Audit techniques, we aim to empower your business finance and drive growth.

At PKC, we believe in focusing on analysis and insights rather than spending time on manual data collation. By leveraging automated tools, we can provide you with a comprehensive audit that builds strong hypotheses for the improvement of accounting, compliance, and overall business performance.

What makes us the most trusted, proven and preferred Internal Auditors in Bengaluru

What makes us the most trusted, proven and preferred Internal Auditors in Pune

A financial audit—now more than ever—has become critical to validating the accuracy and integrity of an organisation’s fiscal discipline. A financial audit is a strategic tool that not only emphasises the strengths and weaknesses of any business but also unveils opportunities for better decision-making and enhances stakeholders’ trust.

At PKC, we believe in focusing on an in-depth analysis, data-driven insights, and observations more than spending time on manual data collation. PKC takes pride in our AI-powered audit techniques, which effectively uncover latent discrepancies and identify gaps to ensure regulatory adherence, thereby strengthening your business finance and driving long-term financial growth.

By leveraging automated tools, our team of experts at PKC can create a customised, comprehensive audit action plan that builds a robust hypothesis for strengthening accounting operations, regulatory adherence, and compliance, thereby enabling better financial governance and business performance outcomes.

Internal Audit: How PKC Helps You?

Performance Partners

At PKC, we are not just audit partners for our clients; rather, we act as performance partners by bringing in high-level domain knowledge and recommendations with our expert team.

Audit Automation

PKC Proprietary audit tools automate certain aspects of audits & improve quality. This helps us spend less time on data extraction and comparison, allowing more time for auditing and analysis.

Result oriented recommendations

Our audit recommendations are result-oriented, with greater emphasis on the execution of these recommendations on the ground via S-Compliance – tracked till completion.

Customized Reporting

Audit reports are customised to meet the requirements of every stakeholder in an organisation, helping them make the right decisions.

Holistic Approach

PKC’s Audit approach is a combination of business, finance, and statutory compliance rather than just finance and numbers.

Industry Knowledge

Our clientele are spread across different industries, including retail, manufacturing, construction, healthcare, renewable energy, e-commerce, IT/ITES, real estate, BFSI, automobiles, agriculture, and others.

Advantages of Internal Audit

Enhanced Risk Management

Internal Audits such as Risk Management Audit, Internal Controls and Risk Management, time and again, prove to be an enabler of business success as they help identify errors and discrepancies, anticipate fraud beforehand and mitigate risks, preventing financial losses and damage. A well-managed Risk Management and Compliance ensures that financial vulnerabilities are managed effectively and proactively before they become liabilities.

Improved Operational Efficiency

Operational processes remain a key driver in determining the success of an organisation. Internal Audit Services and Internal Control System Audit swiftly spot the bottlenecks and neglected inefficiencies that may be harming the bottom line. Further, it recommends a plan of action to streamline workflows, resulting in cost cuts and improved resource utilisation for increased productivity.

Regulatory Compliance & Savings on Penalty

More than being a legal obligation, Financial Governance and Compliance, Business Compliance Audit, Corporate Compliance and Risk Management are symbolic of ethical practices and governance. Regular Governance Risk and Compliance Framework Audits ensure that policies and procedures adhere to laws and industry regulations. An effective internal audit is able to nail down regulatory non-compliances well in advance and implement corrective measures effectively to stay aligned and comply with dynamic regulatory frameworks. It ensures that no fines, penalties, late fees or interest are paid, and reputational gains are maintained.

Fraud Prevention and Detection

Internal audit acts as a shield and safeguards the organisation’s financial well-being and credibility. An efficient Internal Audit, whether it’s a Data Privacy Compliance Audit or Cybersecurity Governance and Risk, through its monitoring mechanism, can detect and prevent fraud by reviewing high-risk financial transactions, records, and internal controls.

Strategic Decision-Making Support

Internal audits, such as GRC Audit and Assessment, Corporate Governance Audit, GRC Strategy and Implementation, essentially act as a catalyst in driving operational efficiency. Through its data-driven insights, it activates a loop of review and refinement that facilitates informed decision-making for the leadership, thereby laying a strong foundation for lasting growth.

Internal Audit Services for Various Industries

PKC takes pride in having served a wide array of companies across industries. We are keenly aware that each company has its unique requirements, and our team at PKC is tailored to address these priorities, ensuring stakeholder confidence and satisfaction.

We have supplied Internal Audit Services to the following Industries

Real Estate

Healthcare

Retail

E-commerce

IT & ITES

Professional Services

Real Estate

Healthcare

Retail

E-commerce

IT & ITES

Professional Services

FAQ

Anytime is the right time. Every business has to be audited, either by their team or an external auditor. However, having an external auditor is better as the company size grows.

The financial transactions recorded in the ERP like tally, busy, SAP, Oracle, etc., are necessary to audit the business functions.

Audit is a continuous engagement. We cannot define a timeline for compliance.

We charge our clients for audit engagements based on a standard price defined as per the number of person-days spent.

It is not mandatory for a private company to appoint an internal auditor unless mandated by the Companies Act based on its turnover and other criteria.

Internal Audit Services in Pune

Ready to Grow with PKC?

What is Internal Audit? Why is it important?

Types of Internal Audit

Financial Audits

Process Audits

Compliance audits

Why we are the Best Internal Auditors in Pune

What makes us the most trusted, proven and preferred Internal Auditors in Pune

Internal Audit: How PKC Helps You?

Performance Partners

Audit Automation

Result oriented recommendations

Customized Reporting

Holistic Approach

Industry Knowledge

Partnering with PKC for your Internal Audit, you can expect to gain the following:

Advantages of Internal Audit

Enhanced Risk Management

Improved Operational Efficiency

Regulatory Compliance & Savings on Penalty

Fraud Prevention and Detection

Strategic Decision-Making Support

Internal Audit Services for Various Industries

Real Estate

Healthcare

Retail

E-commerce

IT & ITES

Professional Services

Real Estate

Healthcare

Retail

E-commerce

IT & ITES

Professional Services

Top cities where we are running our firms at:

FAQ

1. What is the right time to start an audit?

2. What data is required to audit my business?

3. How much time and effort is required on my part to get compliant and complete an audit?

4. How is PKC priced compared to other services?

5. Is it mandatory for a private company to appoint an internal auditor?

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