Businesses works in every changing environment. Organisations should be watchful about the risk presented by both internal and external environment. Global crisis, cybercrimes, corporate failures, corporate frauds are some of the factors which highlights the importance of identifying the risks and prepare for the appropriate response/safeguard against it in a timely manner.

The objective of the stakeholders of the organisations i.e. audit committee, senior management, division heads, shareholders and society in general, is to ensure that the organization run according to the set internal controls and with utmost integrity and accountability. We at ACQUILA works with the stakeholders and provide the unbiased and comprehensive analysis of the corporate governance processes followed and suggest areas of improvements and value additions to minimize the emerging risks which may have impact on the operations of the business.

Our internal audit and risk advisory function envisages for –

• Evaluation of the operations of the organisations;
• Review the compliance with the mandatory norms and regulations;
• Safeguard the interest of the stakeholders with respect of maintenance of accountability;
• Highlight and provide safeguard measures against the every changing risks;

Internal Audit

Organisations are increasingly depending on the internal audit function to make strategic decisions. Internal audit has a function of review of internal controls, its adequacy and effectiveness, ensuring compliance with the legal framework and corporate governance. Internal audit functions plays more tactical and larger role in the organization. Thus, organization not only depends on internal audit function to review their existing internal controls, it also depends on the internal audit function to recommend the best industry practices to enhance business functions.

Our high value dedicated team at ACQUILA conduct Internal Audit function in accordance with the guidelines prescribed by the Institute of Chartered Accountants of India and cover the activities including:

• Overview of business process cycle, policies and practices of the organisations;
• Detailed evaluation of the implementation of Systematic Operating Procedures (SOP)/ internal controls adopted by organizations;
• Review of authorization procedures for various processes, transactions and documents;
• Identify area of cost reduction, operations inefficiency;
• Depending on the needs of our clients, following type of Internal audit models can be covered:
• Full outsourcing model
• Co-sourcing model
• Deputation model

Our team have experience in doing due diligence, IT risk audit, management audits, compliance reviews of various multi-nationals, MSMEs and various technology companies helping them to comply with regulatory norms and enhancing the overall effectiveness of corporate governance and reporting requirements within your organization.

Risk Advisory

Our risk practice is combination of process, IT security and forensic experts. We provide one stop solutions to our clients on their risk and process needs. Our risk services encompass the following:

• IT and cyber security audits;
• Forensic investigation;
• Labour laws advisory;
• RERA advisory;
• Governance, Risk and Operating Consulting.