Internal Audit Services in India

Internal Audit Services in India

Internal Audit & Risk Advisory Services in India

EzyBiz India provides internal audit and risk advisory services to Indian businesses, foreign-owned subsidiaries, startups, growing enterprises and established corporate groups.

Our internal audit services help organisations evaluate business processes, strengthen internal controls, identify operational and financial risks, improve compliance and enhance management oversight.

Depending on the agreed scope, we assist clients with process audits, control assessments, risk reviews, transaction testing, compliance evaluation, management reporting and corrective-action planning.

Where an internal audit assignment is required to be undertaken through an eligible practising Chartered Accountant firm, the engagement is carried out through our network partner Chartered Accountant firm, subject to applicable legal, professional and independence requirements.

Strengthening Business Processes, Controls and Risk Management

Internal audit is more than a periodic review of accounting records. It is an independent and structured assessment of how effectively an organisation manages its operations, risks, controls and compliance responsibilities.

A well-designed internal audit function can help management answer important questions such as:

  • Are key business processes operating as intended?
  • Are financial and operational controls adequate?
  • Are transactions properly authorised and documented?
  • Are regulatory and internal-policy requirements being followed?
  • Are business risks identified and managed on time?
  • Are management reports complete and reliable?
  • Are assets and resources properly protected?
  • Are corrective actions implemented after control failures?

Our internal audit approach is designed around the organisation’s business model, size, industry, locations, risk profile and management priorities.

Need Reliable Audit & Assurance Support?

Discuss your statutory audit, internal audit, tax audit, due diligence or assurance requirements with our experienced Audit professionals.

What Is an Internal Audit?

Internal audit is an independent review of an organisation’s governance, risk-management and internal-control processes.

It helps management and those charged with governance assess whether business activities are being conducted efficiently, responsibly and in accordance with approved policies and applicable requirements.

An internal audit may examine financial transactions, operational processes, procurement, revenue, inventory, payroll, information systems, compliance, branch operations or any other area identified as significant.

Unlike a statutory audit, an internal audit is generally planned around the organisation’s specific risks and management concerns. Its purpose is not limited to expressing an opinion on financial statements.

Internal Audit and Statutory Audit: Key Difference

Internal audit and statutory audit serve different purposes.

Internal Audit

Internal audit primarily focuses on:

  • internal controls;
  • operational efficiency;
  • business risks;
  • process compliance;
  • fraud-risk indicators;
  • governance practices;
  • management reporting; and
  • recommendations for improvement.

Its scope can be customised according to the organisation’s risks and management requirements.

Statutory Audit

A statutory audit primarily examines the financial statements and related records in accordance with applicable law and auditing standards.

Its purpose is generally to enable the statutory auditor to express an independent opinion on whether the financial statements present a true and fair view.

For further information, click  Audit and Assurance Services in India

Why Do Businesses Need Internal Audit?

Businesses operate in an environment of increasing complexity, regulatory scrutiny, technology dependence and commercial risk.

An internal audit helps management identify weaknesses before they result in financial loss, compliance failures, operational disruption or reputational damage.

Improved Risk Identification

Internal audit helps identify financial, operational, regulatory and technology-related risks across business functions.

This enables management to prioritise risks and implement appropriate controls.

Stronger Internal Controls

The review evaluates whether approval, verification, segregation-of-duty, documentation and monitoring controls are properly designed and operating effectively.

Better Regulatory Compliance

Internal audit helps assess whether the organisation is following applicable laws, internal policies, contractual requirements and compliance calendars.

For detailed regulatory advisory, explore our  Tax and Regulatory Services .

Improved Operational Efficiency

Internal audit can identify duplication, delays, unnecessary costs, weak supervision and inefficient processes.

The recommendations may help management improve productivity and resource utilisation.

Protection of Business Assets

A focused review can help assess whether inventory, fixed assets, cash, data and other organisational resources are appropriately safeguarded.

Reliable Management Information

Internal audit can evaluate whether management reports, financial data and operational information are complete, accurate and timely.

Fraud-Risk Reduction

Internal audit can identify control weaknesses, unusual transactions and circumstances that may increase the risk of error, misuse or fraud.

Better Corporate Governance

Internal audit supports accountability, transparency and informed decision-making by management, boards and audit committees.

Our Internal Audit and Risk Advisory Services

We provide internal audit and risk advisory support across financial, operational, compliance and governance areas.

Business Process and Operational Audit

A business-process audit reviews how key activities are designed, performed, documented and monitored.

The scope may include:

  • sales and customer onboarding;
  • procurement and vendor management;
  • inventory and warehouse processes;
  • production and operations;
  • billing and revenue collection;
  • accounts payable and receivable;
  • payroll and employee reimbursements;
  • fixed-asset management;
  • branch operations; and
  • financial closing and reporting.

The objective is to identify control gaps, inefficiencies and opportunities for process improvement.

Internal Control Review

An internal control review evaluates whether important controls are properly designed and consistently followed.

Our review may cover:

  • delegation of authority;
  • approval limits;
  • maker-checker controls;
  • segregation of duties;
  • access controls;
  • reconciliations;
  • supervisory review;
  • exception reporting;
  • document retention; and
  • corrective-action monitoring.

Risk Assessment and Risk Advisory

We assist management in identifying and evaluating risks that may affect business objectives.

The review may include:

  • identification of key business risks;
  • assessment of likelihood and potential impact;
  • evaluation of existing mitigating controls;
  • preparation of risk registers;
  • prioritisation of high-risk areas;
  • development of corrective-action plans; and
  • reporting to management or the board.

    Detailed Scope of Internal Audit Services

    The scope of an internal audit depends on the organisation’s business model, industry, size, locations, systems, regulatory exposure and management priorities.

    An internal audit may cover the entire organisation or focus on selected functions, branches, processes, transactions or risk areas.

    Financial and Accounting Process Audit

    A financial-process audit reviews the systems and controls used for recording, processing and reporting financial transactions.

    The scope may include:

    • general ledger controls;
    • journal-entry review;
    • bank reconciliations;
    • accounts payable and receivable;
    • revenue recognition;
    • expense booking;
    • provisions and accruals;
    • fixed-asset accounting;
    • inventory accounting;
    • month-end and year-end closing;
    • financial-statement preparation; and
    • management reporting.

    The objective is to identify accounting gaps, unsupported entries, delays, errors and weaknesses in financial controls.

    Procurement and Vendor Management Audit

    Procurement is a key risk area because it involves vendor selection, commercial negotiations, purchase approvals, receipt of goods or services and payments.

    Our procurement and vendor-management audit may include:

    • review of vendor onboarding;
    • vendor due diligence;
    • purchase requisitions;
    • quotation and tender procedures;
    • purchase-order approvals;
    • contract compliance;
    • goods-receipt controls;
    • invoice verification;
    • duplicate-payment testing;
    • vendor advances;
    • related-party vendors;
    • vendor concentration;
    • conflict-of-interest indicators; and
    • opportunities for cost savings.

    The review helps management assess whether procurement activities are transparent, properly authorised and commercially efficient.

    Sales, Billing and Revenue Audit

    A sales and revenue audit evaluates whether customer transactions are recorded completely, accurately and in the correct period.

    The review may cover:

    • customer onboarding;
    • sales orders and contracts;
    • pricing approvals;
    • discounts and incentives;
    • invoice generation;
    • revenue recognition;
    • credit notes and sales returns;
    • unbilled revenue;
    • customer advances;
    • receivable ageing;
    • collection controls;
    • customer confirmations; and
    • reconciliation with tax and operational records.

    This review can help identify revenue leakage, delayed billing, unauthorised discounts and weaknesses in collection processes.

    Inventory and Warehouse Audit

    Inventory is often a significant business asset and may be exposed to loss, damage, obsolescence, inaccurate recording or unauthorised movement.

    An inventory and warehouse audit may include:

    • physical stock verification;
    • reconciliation with inventory records;
    • inward and outward movement controls;
    • storage and custody arrangements;
    • stock-count procedures;
    • damaged and obsolete inventory;
    • slow-moving items;
    • valuation controls;
    • material consumption;
    • stock transfers;
    • negative stock balances;
    • scrap management; and
    • access to warehouse locations.

    We also assist businesses with standalone stock and inventory verification assignments. Explore our Audit and Assurance Services in India for related audit support.

    Fixed Asset Audit

    A fixed-asset audit helps management verify the existence, ownership, location, condition and accounting treatment of property, plant and equipment.

    The scope may include:

    • reconciliation with the fixed asset register;
    • physical verification;
    • asset tagging;
    • additions and disposals;
    • capitalisation;
    • depreciation;
    • ownership documents;
    • transfers between locations;
    • idle or damaged assets;
    • insurance coverage;
    • repairs versus capital expenditure; and
    • safeguarding of assets.

    Payroll and Employee-Cost Audit

    Payroll audits help verify the accuracy, authorisation and compliance of employee-related payments.

    The review may include:

    • employee master data;
    • appointment and salary records;
    • attendance and leave data;
    • payroll processing;
    • overtime and incentives;
    • reimbursements;
    • bonus and variable pay;
    • deductions;
    • payroll taxes;
    • provident fund and employee-state-insurance calculations;
    • full-and-final settlements;
    • ghost-employee risks; and
    • access controls over payroll systems.

    Businesses may also use our Payroll Outsourcing Services in India for recurring payroll processing and compliance support.

    Branch and Location Audit

    Businesses operating through multiple branches, warehouses, offices or project locations may require periodic location audits.

    The scope may include:

    • cash and bank controls;
    • local purchases;
    • inventory;
    • customer collections;
    • employee expenses;
    • statutory records;
    • fixed assets;
    • branch-level approvals;
    • physical security;
    • local compliance;
    • reporting to head office; and
    • implementation of central policies.

    Branch audits help management identify location-specific weaknesses and improve consistency across the organisation.

    Compliance Audit

    A compliance audit evaluates whether the organisation is following applicable laws, internal policies, contractual requirements and regulatory conditions.

    The review may cover:

    • tax-compliance processes;
    • corporate and secretarial requirements;
    • labour-law compliance;
    • licence conditions;
    • statutory registers;
    • board-approved policies;
    • contractual obligations;
    • internal delegation matrices; and
    • compliance-calendar monitoring.

    Complex legal, tax or regulatory matters should remain linked to the relevant specialist pages, such as:

    • Tax & Regulatory Services
    • Corporate Secretarial & ROC Compliance Services
    • Labour Law Compliance Services

    Information Technology and System Controls Review

    Technology systems support accounting, operations, payroll, inventory, customer management and reporting. Weak technology controls can expose the organisation to data loss, unauthorised access and unreliable information.

    Depending on the agreed scope, the review may include:

    • user-access management;
    • password and authentication controls;
    • user creation and removal;
    • segregation of system roles;
    • administrator access;
    • data backups;
    • change management;
    • system-generated reports;
    • interface controls;
    • audit trails;
    • incident management;
    • cybersecurity governance; and
    • business-continuity arrangements.

    Specialist technical testing may require coordination with appropriately qualified technology professionals.

    Internal Financial Controls Review

    Internal financial controls are the policies and procedures designed to support reliable financial reporting, proper authorisation of transactions, safeguarding of assets and prevention or detection of errors and fraud.

    Our internal financial-controls review may include:

    • understanding key transaction cycles;
    • documenting processes;
    • identifying financial-reporting risks;
    • preparing risk and control matrices;
    • evaluating control design;
    • testing operating effectiveness;
    • reviewing segregation of duties;
    • assessing approval and access controls;
    • examining financial-closing procedures;
    • identifying control deficiencies; and
    • recommending remediation measures.

    The review can be undertaken as a standalone assignment or as part of a broader internal audit programme.

    Enterprise Risk Assessment

    A risk assessment helps management identify events and conditions that may prevent the organisation from achieving its objectives.

    Our risk-assessment support may include:

    • discussions with senior management;
    • understanding strategic and operational objectives;
    • identification of key risks;
    • categorisation of risks;
    • assessment of likelihood and impact;
    • review of existing controls;
    • identification of residual risks;
    • preparation of risk registers;
    • prioritisation of audit areas; and
    • development of a risk-based internal audit plan.

    The principal risk categories may include:

    • financial risk;
    • operational risk;
    • regulatory risk;
    • technology risk;
    • fraud risk;
    • reputational risk;
    • strategic risk;
    • vendor risk;
    • employee risk; and
    • business-continuity risk.

    Risk-Based Internal Audit Planning

    A risk-based internal audit plan focuses available audit resources on the areas with the greatest potential impact on the organisation.

    The planning process may include:

    1. understanding the business and its objectives;
    2. identifying major processes and locations;
    3. assessing financial and operational risks;
    4. reviewing earlier audit findings;
    5. considering management concerns;
    6. ranking audit areas by risk;
    7. defining the audit frequency;
    8. agreeing the annual or periodic audit plan; and
    9. presenting the plan to management or the audit committee.

    The audit plan may be updated where there are significant changes in business operations, systems, regulations, ownership or risk exposure.

    Need Reliable Audit & Assurance Support?

    Discuss your statutory audit, internal audit, tax audit, due diligence or assurance requirements with our experienced Audit professionals.

    Our Internal Audit Methodology

    Our methodology is designed to make the internal audit process structured, transparent and useful to management.

    1. Preliminary Understanding

    We begin by understanding:

    • the organisation’s business model;
    • key products and services;
    • ownership and management structure;
    • business locations;
    • major systems;
    • applicable policies;
    • significant risks; and
    • management expectations.

    2. Scope and Objective Setting

    The audit scope, objectives, timelines, locations, functions and reporting expectations are agreed with management.

    A clear scope helps avoid duplication and ensures that the review remains focused on important risk areas.

    3. Process Understanding and Documentation

    We understand the selected process through:

    • discussions with process owners;
    • review of policies and manuals;
    • walkthroughs;
    • examination of system flows;
    • review of forms and approvals; and
    • preparation of process notes or flowcharts.

    4. Risk and Control Assessment

    Key risks and corresponding controls are identified.

    We assess whether the controls are appropriately designed to prevent or detect errors, misuse, non-compliance and operational failures.

    5. Testing and Verification

    Audit procedures may include:

    • sample-based transaction testing;
    • document verification;
    • data analysis;
    • reconciliations;
    • observation of processes;
    • physical verification;
    • management enquiries;
    • review of system reports; and
    • comparison with approved policies.

    6. Discussion of Observations

    Initial observations are discussed with the relevant process owners.

    This provides management with an opportunity to:

    • explain the circumstances;
    • provide additional documents;
    • correct factual inaccuracies;
    • identify root causes; and
    • propose corrective actions.

    7. Internal Audit Reporting

    The final report may include:

    • executive summary;
    • scope and objectives;
    • audit procedures;
    • detailed observations;
    • risk classification;
    • root-cause analysis;
    • business impact;
    • management response;
    • agreed corrective action;
    • responsible person; and
    • implementation timeline.

    8. Follow-Up Review

    A follow-up review may be performed to assess whether agreed corrective actions have been implemented.

    The status may be reported as:

    • implemented;
    • partially implemented;
    • pending;
    • overdue; or
    • no longer applicable.

    Risk Classification of Audit Findings

    To help management prioritise corrective action, observations may be classified according to their potential impact.

    High-Risk Observation

    A high-risk issue may result in significant financial loss, regulatory non-compliance, fraud exposure, operational disruption or reputational damage.

    It generally requires immediate management attention.

    Medium-Risk Observation

    A medium-risk issue indicates a meaningful control weakness or process gap that should be addressed within an agreed timeline.

    Low-Risk Observation

    A low-risk issue generally relates to process improvement, documentation or a control weakness with limited immediate impact.

    The final classification depends on the nature, likelihood and potential impact of the issue.

    Outsourced and Co-Sourced Internal Audit Support

    Organisations may engage internal audit support through different delivery models.

    Fully Outsourced Internal Audit

    Under this model, the internal audit function or selected audit assignments are managed by an external professional team.

    This may be suitable for:

    • organisations without an in-house internal audit team;
    • growing businesses;
    • foreign-owned subsidiaries;
    • companies requiring specialised expertise; and
    • businesses seeking independent periodic reviews.

    Co-Sourced Internal Audit

    Under a co-sourced model, our team works alongside the organisation’s internal audit, finance, compliance or risk-management team.

    This may be useful where the client requires:

    • additional audit capacity;
    • specialised sector knowledge;
    • independent review of selected processes;
    • location-specific audits; or
    • assistance during peak audit periods.

    Project-Based Internal Audit

    A project-based review focuses on a specific process, location, concern or transaction cycle.

    Examples include:

    • procurement audit;
    • payroll audit;
    • revenue audit;
    • inventory audit;
    • branch audit;
    • internal-control assessment; and
    • review of a suspected process breakdown.

    Internal Audit Services for Different Types of Organisations

    Internal audit requirements vary according to the organisation’s size, ownership, industry, operating model, systems and regulatory exposure.

    EzyBiz India provides flexible internal audit and risk advisory support for Indian businesses as well as foreign-owned entities operating in India.

    Foreign-Owned Subsidiaries in India

    Foreign-owned subsidiaries often need internal audit support that addresses both Indian operational risks and the reporting expectations of the overseas parent company.

    Our support may include:

    • review of local business processes;
    • assessment of internal controls;
    • intercompany transaction review;
    • related-party process controls;
    • group-policy compliance;
    • management reporting;
    • review of delegated authority;
    • coordination with overseas finance or audit teams;
    • follow-up on group audit observations; and
    • reporting aligned with parent-company requirements.

    Foreign businesses establishing or expanding their Indian operations may also explore our India Market Entry Consulting services.

    Startups and Growth-Stage Businesses

    Rapidly growing businesses may experience weaknesses in processes, documentation, approval controls and financial reporting.

    Internal audit can help such organisations build stronger systems before operational complexity increases.

    The review may cover:

    • finance and accounting controls;
    • founder and management approvals;
    • procurement and vendor controls;
    • payroll and employee expenses;
    • customer billing and collections;
    • inventory or fixed assets;
    • investor reporting;
    • delegation of authority;
    • policy development; and
    • readiness for fundraising or due diligence.

    Startups preparing for fundraising, due diligence or strategic transactions may also explore our Corporate Finance Advisory Services.

    Manufacturing Businesses

    Manufacturing organisations may require focused reviews of procurement, inventory, production, consumption, scrap, fixed assets and working capital.

    Our internal audit support may include:

    • raw-material procurement;
    • inventory movement;
    • production planning;
    • bill-of-material controls;
    • material consumption;
    • wastage and scrap;
    • finished-goods dispatch;
    • plant and machinery;
    • maintenance expenditure;
    • quality-control documentation;
    • job-work transactions; and
    • cost and operational efficiency.

    Trading and Distribution Businesses

    Trading and distribution companies may face risks relating to inventory, customer credit, sales returns, discounts, warehousing and dealer or distributor arrangements.

    The audit scope may cover:

    • purchase and sales processes;
    • inventory and warehouse controls;
    • pricing and discount approvals;
    • dealer incentives;
    • credit limits;
    • receivable ageing;
    • sales returns;
    • damaged and obsolete stock;
    • logistics expenses;
    • branch controls; and
    • reconciliation of operational and accounting data.

    Service-Sector Organisations

    Service-sector businesses may require internal audit reviews of contracts, billing, employee costs, project profitability and receivables.

    The scope may include:

    • customer contracts;
    • time recording;
    • billing milestones;
    • revenue recognition;
    • unbilled revenue;
    • project expenses;
    • subcontractor payments;
    • employee reimbursements;
    • receivables and collections;
    • utilisation reporting; and
    • project-level profitability.

    Multi-Location and Branch-Based Businesses

    Businesses operating through branches, warehouses, offices or project sites often require periodic audits to ensure consistency with head-office policies.

    We may assist with:

    • branch-level financial controls;
    • cash and bank transactions;
    • inventory verification;
    • customer collections;
    • local purchases;
    • employee expenses;
    • asset verification;
    • local statutory records;
    • compliance with central policies; and
    • reporting to head office.

    Role of Internal Audit in Corporate Governance

    Internal audit supports effective corporate governance by providing independent and structured information to management, boards and audit committees.

    It helps those charged with governance understand:

    • whether key risks are being managed;
    • whether internal controls are operating;
    • whether policies are being followed;
    • whether significant audit findings remain unresolved;
    • whether corrective actions are timely;
    • whether management information is reliable; and
    • whether business processes support the organisation’s objectives.

    An effective internal audit function should remain objective, risk-focused and independent from the activities being reviewed.

    Internal Audit Reporting to Management and Audit Committees

    The value of an internal audit depends significantly on the quality and clarity of its reporting.

    Our internal audit reports are designed to be practical and action-oriented.

    Depending on the engagement, the report may contain:

    • executive summary;
    • scope and period covered;
    • processes or locations reviewed;
    • key risks;
    • detailed observations;
    • risk ratings;
    • control gaps;
    • root causes;
    • financial or operational impact;
    • recommendations;
    • management comments;
    • agreed corrective actions;
    • responsible persons; and
    • target completion dates.

    Significant observations may also be summarised through dashboards or presentations for senior management or the audit committee.

    Benefits of Engaging an External Internal Audit Team

    An external or co-sourced internal audit team can provide additional independence, expertise and capacity.

    Potential benefits include:

    • an independent view of business processes;
    • access to multidisciplinary professionals;
    • scalable audit resources;
    • specialised reviews;
    • broader industry experience;
    • structured reporting;
    • improved follow-up of observations;
    • reduced dependence on internal personnel;
    • objective challenge to established practices; and
    • better focus on high-risk areas.

    The exact delivery model should be selected after considering the organisation’s size, internal capabilities and risk profile.

    Why Choose EzyBiz India?

    Risk-Focused and Practical Approach

    We focus on the issues that may materially affect business performance, compliance, assets and management decision-making.

    Our recommendations are designed to be practical and proportionate to the organisation’s size and operations.

    Integrated Professional Capabilities

    Our broader experience in accounting, tax, regulatory compliance, corporate law and finance helps us assess issues from a multidisciplinary perspective.

    Experience with Indian and Foreign-Owned Businesses

    We understand the local operational requirements of Indian businesses as well as the reporting expectations of foreign parent companies.

    Customised Scope

    The internal audit scope is designed around the client’s risks, processes, locations and priorities rather than using a standard checklist for every assignment.

    Structured Reporting and Follow-Up

    We provide clearly documented findings, risk classifications, management responses and corrective-action timelines.

    Flexible Delivery Model

    Assignments may be undertaken on an outsourced, co-sourced, periodic or project-specific basis.

    Network Partner CA Firm

    Where an internal audit assignment is required to be carried out through an eligible practising Chartered Accountant firm, the engagement is undertaken through our network partner CA firm, subject to applicable laws and professional requirements.

    Confidentiality and Professional Care

    Client information, records and audit findings are handled with appropriate confidentiality and professional care.

    Documents Commonly Required for Internal Audit

    The required documents depend on the agreed scope. Common records may include:

    • organisation structure;
    • delegation-of-authority matrix;
    • process manuals;
    • accounting policies;
    • standard operating procedures;
    • trial balance and ledgers;
    • bank reconciliations;
    • customer and vendor records;
    • purchase and sales documents;
    • inventory records;
    • fixed asset register;
    • payroll records;
    • contracts and agreements;
    • management reports;
    • statutory returns;
    • compliance calendars;
    • system-access reports;
    • previous internal audit reports;
    • risk registers; and
    • status of earlier corrective actions.

    A customised information request is shared after the scope and audit period are agreed.

    Frequently Asked Questions

    What is the purpose of an internal audit?

    Internal audit evaluates business processes, risks, controls, compliance and governance. It helps management identify weaknesses and implement corrective measures.

    Is internal audit compulsory for every company in India?

    Internal audit is mandatory for prescribed classes of companies under applicable law. Other organisations may undertake internal audit voluntarily based on their size, risks, lender requirements or management needs.

    The legal applicability should be evaluated separately for each organisation based on the applicable provisions and current thresholds.

    Who can be appointed as an internal auditor?

    The eligibility and appointment requirements depend on the applicable law and the nature of the organisation.

    Where appointment or performance through an eligible practising Chartered Accountant firm is required, the assignment is undertaken through our network partner CA firm.

    Is internal audit the same as statutory audit?

    No. Statutory audit focuses primarily on financial statements and statutory reporting. Internal audit focuses on processes, risks, internal controls, operational efficiency and management requirements.

    Learn more about our Statutory Audit Services in India.

    Can the internal audit scope be customised?

    Yes. The scope may cover the entire organisation or selected processes, locations, business units or risk areas.

    How frequently should internal audits be conducted?

    The frequency depends on business size, risk exposure, transaction volume, regulatory requirements and management priorities.

    High-risk processes may require more frequent review than low-risk areas.

    Can internal audit be conducted remotely?

    Certain reviews can be conducted remotely through secure document sharing, online meetings and system access.

    Physical verification, location audits and process observation may require on-site visits.

    Do you provide follow-up reviews?

    Yes. Follow-up reviews may be conducted to verify whether agreed corrective actions have been implemented.

    Can you assist with an annual internal audit plan?

    Yes. We can assist in preparing a risk-based annual or periodic internal audit plan covering key processes, locations and risk areas.

    Related Audit and Assurance Services

    • Audit and Assurance Services in India
    • Statutory Audit Services in India
    • Tax Audit & Certification Services in India

    Other Core Practice Areas

    • India Market Entry Consulting
    • Tax & Regulatory Services
    • Corporate Finance Advisory Services
    • Managed Business Services
    • Business Registrations & Licences
    • Global Business Expansion Services

    Use links to the pillar pages in this section. Individual child pages should be linked contextually within the main content only where directly relevant.

    Speak with Our Internal Audit and Risk Advisory Team

    A well-designed internal audit function can help management strengthen controls, manage risks, improve processes and make better-informed decisions.

    EzyBiz India supports Indian companies, foreign-owned subsidiaries, startups and established businesses with internal audit, risk advisory, control assessment and process-review services.

    Contact us to discuss your internal audit and risk advisory requirements in India.

    Need Reliable Audit & Assurance Support?

    Discuss your statutory audit, internal audit, tax audit, due diligence or assurance requirements with our experienced Audit professionals.

    Professional Disclaimer

    EzyBiz India Consulting LLP provides internal audit coordination, risk advisory, process-review and control-assessment support services.

    Where an internal audit assignment, report, certification or other professional service is required to be undertaken or signed by an eligible practising Chartered Accountant firm, the relevant engagement is performed through our network partner CA firm, subject to applicable laws, professional standards, independence requirements and client-acceptance procedures.

Prepared by: EzyBiz India Consulting LLP
Reviewed by: Network Partner Chartered Accountant Firm
Last Updated: 26 July 2026

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