Internal Audit

Internal audit is an independent risk management and assurance function that helps organisations evaluate internal controls, governance processes, compliance systems, and operational efficiency. Unlike statutory audit, which focuses on whether financial statements present a true and fair view, internal audit identifies control gaps, process weaknesses, policy deviations, and operational risks before they result in financial loss, fraud, penalties, or reputational damage.

A strong internal audit function is not just a compliance requirement; it is a strategic management tool. It helps businesses assess whether operations are efficient, assets are properly safeguarded, risks are being managed, and the organisation is complying with applicable laws, internal policies, and regulatory requirements.

Under the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, internal audit is mandatory for every listed company and for prescribed classes of unlisted public and private companies. Private companies are generally covered where turnover is ₹200 crore or more, or outstanding loans/borrowings from banks or public financial institutions exceed ₹100 crore during the preceding financial year.

At Finvvritti, our internal audit services go beyond reporting observations. We analyse root causes, recommend practical controls, support management in improving processes, and help organisations move towards stronger governance, better financial discipline, and risk-focused operations. Our objective is to strengthen internal control systems and build long-term financial integrity within the business.