Ensuring Control, Compliance, and Confidence

In today’s dynamic business environment, internal audit is more than just a compliance requirement—it’s a strategic function that strengthens governance, identifies inefficiencies, mitigates risk, and supports better decision-making.

At Fincom India, our internal audit services go beyond numbers. We deliver insights that help you drive operational improvements, enhance process integrity, and safeguard assets, while ensuring full compliance with regulatory requirements.

Purpose of Internal Audit

An effective internal audit focuses on evaluating and enhancing the effectiveness of:

• Risk management

• Internal controls

• Governance processes

Our audit professionals provide a holistic, independent, and objective view of your business processes, bringing clarity and foresight into key operational and financial areas.

Why Internal Audit Matters

With increasing regulatory pressure and high-profile instances of corporate fraud, internal audit plays a pivotal role in:

• Preventing and detecting fraud

• Identifying control gaps

• Strengthening business resilience

• Enhancing transparency and accountability

• Supporting data-driven decision-making

Mandatory Internal Audit Requirements in India

As per Section 138 of the Companies Act, 2013, certain classes of companies are mandated to appoint an internal auditor. The Ministry of Corporate Affairs has defined these thresholds under the Companies (Accounts) Rules, 2014.

🔹 Listed Companies are mandatorily required to appoint an internal auditor.
🔹 Companies not meeting the above criteria may still voluntarily adopt internal audit to gain operational insight and manage risks proactively.

Our Internal Audit Approach

At Fincom India, we follow a risk-based audit approach tailored to your specific business needs and industry environment. Our methodology includes:

• Risk Assessment & Planning: Development of a risk-based internal audit plan aligned with business objectives.

• Process and Control Evaluation: Reviewing and testing internal controls across departments and processes.

• Compliance Review: Verifying adherence to policies, regulations, and contractual obligations.

• Fraud Risk Management: Identification of potential vulnerabilities and implementation of fraud prevention mechanisms.

• Performance Review: Evaluating operational effectiveness and alignment with business goals.

• Recommendations: Providing practical, actionable insights to improve control efficiency and business performance.

Value We Deliver

Practical Recommendations – Not just identifying gaps, but providing implementable solutions

Year-Round Advisory – Keeping you updated on changing financial, regulatory, and governance requirements

Fraud Prevention – Strengthening internal controls and building a fraud-resilient framework

Deep Domain Expertise – Sector-specific internal audit specialists with hands-on experience

Our Internal Audit Services Cover:

• Financial & Operational Audits

• Compliance Audits

• Information Systems Audits

• Internal Control Assessments

• Risk Management Reviews

• Corporate Governance Evaluations

• Process Improvement Consulting

Build confidence among stakeholders, secure your operations, and enhance your business agility.
Let Fincom India be your internal audit partner.