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Updated on 19 Jan 2022  9.00 AM IST | 4 min read

What is Internal Audit?

Internal audit is an audit conducted by the internal auditors of the company or outsourced to some other company to examine that they are following the specified rules & regulations. Internal auditors are generally appointed by the management and they submit their audit reports to the company itself. Internal audit is done to review the effectiveness of risk management, control & governance processes. It is mainly done to analyze the organization business processes. Internal audit plays an important role in improving the organization. It is also done to prevent the businesses from fraud and for the continuous smooth functioning of the organization. It is a need of management but it is not a legal requirement.

Finacbooks helps by giving the internal audit service to various businesses and complete it in duration of few days. Our internal audit team works closely with the internal audit directors and audit committee to provide them quality internal audit service. They also help you in identifying new business opportunities and enhance your organizational value.


What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees


Internal Audit Service

  1. Internal audit consulting
  2. Outsourcing, Co-sourcing internal audit service

Benefits of Internal Audit Services

  • More than 10 years of experience
  • Qualified professionals
  • Excellent customer service
  • Cost efficient
  • Customer delight
  • Time saving
  • Quick turnaround time
  • Continuous support over e-mail and phone (24X7).

How Finacbooks Can Help?

Finacbooks is one of the leading Indian firms with more than 10 years of experience in helping public limited or private limited companies with internal audit service. We supports you in designing, executing & advising on the use of enterprising risk management, how to deploy continuous auditing and monitoring techniques as well as advice you in fulfilling the social responsibility & climate change reporting too. To avail the best deals on internal audit service, kindly call us at 8800221252 or you can also e-mail us at info@finacbooks.com

Internal Audit FAQ’S

Internal audit is an audit conducted by the internal auditors of the company or sometimes outsourced to some other company to ensure that they are following the specified rules & regulations.
Internal auditors are appointed by the management.
The main reasons of doing internal audit are –
  1. To Analyze the organization business processes
  2. To improving the organization
  3. To prevent business from fraud & other illegal activities
  4. To run the organization smoothly.
  5. To review the effectiveness of risk management, control & governance processes.
  6. To identify business opportunities
  7. To enhance your organizational value.
Yes, auditor can verify any other additional area too if he thinks that review of additional area is required for the area he is examining currently. In case any non-compliance is observed by the auditor, the same will be mentioned by the internal auditor in the internal audit report of the company under the head “other areas”.
In case of any non-compliance observed by the internal auditor, management needs to answer the same and indicates the tentative timeliness to comply with it.
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    The due date for filing of audit report for Assessment Year 2021-22 has been extended vide Circular no. 17/2021, dated 09-09-2021

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