Internal audit is basically in-depth study of existing systems, procedures and controls for proper understanding. We provide suggestions for improvement, strengthening and ensuring compliance with policies, procedures and statutes. It is a Comprehensive review to ensure that the accounts are prepared in accordance with generally accepted accounting policies and applicable Accounting Standards/IFRS. It involves checking the genuineness of the expenses booked in accounts and reporting inefficiencies at any operational level. Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence. Audit is no longer only certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account. It is much more than that. There are various types of Audit now conducted such as forensic audit, Financial Audit, Value for money audit etc. It requires specialised skills in order to perform such services.
Mehta Sharma & Co which is one of the leading Internal Audit Firms in Mumbai brings to the table years of experienced chartered accountants who have hands on experience of Audit work in various fields. The reporting done by our firm is of highest quality and is a great value addition to the management.
TYPES OF AUDITS CONDUCTED: