Internal Audit Services

Internal controls reviewed

What we need from you

• Company policies and standard operating procedures (SOPs)
• Trial balance and management accounts for the audit period
• Contact us to know the exact pricing for your requirement.
• Previous internal audit reports (if any)
• Organisation chart and approval authority matrix

How we handle this for you

Audit planning

Audit scope, risk areas and sampling methodology confirmed with management. Internal audit plan prepared.

Fieldwork

Process walkthroughs, document sampling and control testing conducted across selected departments and transactions.

Findings and rating

Observations documented with risk rating (High/Medium/Low), root cause analysis and management comments.

Internal audit report

Final report delivered with executive summary, detailed findings, recommendations and management action plan.

Frequently asked questions

Is internal audit mandatory in India?

Contact us to know the exact pricing for your requirement.

What areas does an internal audit cover?

A typical SS Marks internal audit covers: purchase-to-pay process, revenue cycle controls, payroll and HR compliance, fixed asset verification, inventory controls, cash and bank controls, IT general controls and GST compliance.

Can SS Marks conduct both internal audit and bookkeeping?

Yes. Unlike statutory audit, independence requirements for internal audit are less restrictive for private companies. SS Marks can provide both — though for larger companies we recommend separate providers.

How often should an internal audit be conducted?

For most SMEs, an annual or semi-annual internal audit is sufficient. High-risk businesses or those with regulatory obligations may require quarterly internal audits.

What is an IFC audit?

Contact us to know the exact pricing for your requirement.