Financial Institution Internal Audits

Financial institutions include all the banking as well as Non-Banking Financial Companies (NBFCs) operating all over the country. These are equally important for the economical growth and development of the nation as it helps in regulating the money all over the Indian Territory and abroad as well.

Internal Audit of Financial Institutions

It is really important to understand that these institutions are also organizations that have been set up under the various statutes regulating in the country. This makes them fit in the definition of entity with the aim of earning profits and gains. This means that they are liable for audits as well. Therefore, internal audit of financial institutions have become a priority for bigger and major as well as smaller institutions.

Since, due to globalization and liberalization, more and more such financial institutions even from foreign countries are becoming part of the Indian business culture, it becomes more of a need to have an efficient and cost-effective internal audit function and method to evaluate, anticipate and mitigate the risk management, internal controls and governance of the entities following in this category.

With the help of best in class consultant and auditing services, the financial institutions can meet the regulatory compliances and achieve the set objectives. With the Ezybiz India Consulting LLP, the institutions both the targets can be achieved by conducting Internal Audit of Financial Institutions. Our team guides with the whole process by providing the experienced resources and industrial knowledge for meeting the needs of the institutions. Our services and solutions include the following-

  1. Staff Augmentation: Our resources complement the institutions internal staff and also controls the overhead costs and fix them. The planning in the internal audit of financial institutions provides the entity with the assistance and meets the requirements of the company as well.
  2. Internal Audit Outsourcing: Our firm also provides with the service of internal audit outsourcing that is based on the risks and unique operating structure of the institution.
  3. Co-Sourcing or Partnering: Our team also assists the clients with the retaining of the internal audit program management. Our Internal Audit of financial institutions supplements the gaps in the operative functions of the entity.

With the services provided by the Ezybiz India Consulting LLP, the institutions can supplement their internal resources by utilizing the industry specialists who are dedicated. Our special services for internal audit of financial institutions, practice the following activities as follows-

  1. Advisory on the Credit Risk taking a dig into credit administration and the review of the loan quality
  2. Risk management of the enterprise
  3. Regulatory compliances
  4. Security and privacy requirements during the internal audit of financial institutions
  5. Examination of the director’s and supervisory committee
  6. Support in mergers and acquisitions
  7. Internal control assistance
  8. Governance and information technology controls
  9. Assistance in the loss share
  10. Assessments for preparedness
  11. Anti-money laundering and anti-fraudulent
  12. Operational controls in the processes, functions, levels or departments

Ezybiz India’s professional team knows this thoroughly that with the help of the internal audit of financial institutions, the clients basic and compliance requirements are met on time. Our objective is to transform the entity’s approach and ways to control the risks with effective and efficient procedures and processes.

Author: Anil Agrawal
EZYBIZ India Consulting LLP, New Delhi. The firm is business and tax consultancy firm providing consultancy in Taxation, Regulatory, Transfer pricing, Valuation, Corporate funding and Business set up matters. He may be reached at 9899217778 or