There has always been a significant change in the regulatory and corporate governance environment which in turn changed the value definitions and expectations placed by stakeholders on the internal audit function. With new standards that emerge, it is very difficult for the board members to think about the roles, responsibilities and relationships between risk and compliance activities. There comes the need for internal audit services to set up the corporate governance functions and support in the growth of the organization.
What is Internal Audit Services?
Internal audit services is a kind of objective assurance and consulting service that can add value to an organization and also aid to major improvement in the business performance. Internal audit service helps an organization to accomplish business objectives by adopting a systematic and strategic approach towards evaluating and improving the effectiveness of risk management, governance and business control. This kind of audit service helps the management to handle enterprise risks effectively.
How S3 Solutions Can Help You?
S3 Solutions offer a global based approach to provide internal audit services to clients. A risk-based strategy is always followed by the organization to address the client objectives and also the limitations that lie ahead of the objectives.
- Our team of expert professionals focuses on areas of great importance to the organization and leaves no stones unturned to offer the best of solutions.
- The approach behind internal audit services is always scalable, flexible and tailored to the suit the needs of an entity.
- From setting up internal audit function, developing risk based assurance plans to providing training to internal audit personnel; S3 Solutionsoffer the best of services in every single aspect in this domain.
We at S3 Solutions believe in involving clients in the entire risk assessment process along with the resulting outcomes of the procedure. By leveraging the advances in technology and following the best industrial methodologies, we at S3 Solutions improve the insights and efficiency of an organization seamlessly.
Please do “Call Us : +91-7676887733 or Email us : [email protected]” for your requirements related to internal audit services, management audit services, internal auditing services, project management audit, forensic audit services and audit services.
Internal Audit Services offered By S3 Solutions Are:
Some of the areas which get covered in the management audit solutions offered by us are :
- Implementation of the most appropriate internal control and internal check and internal audit systems
- Study of wastage and leakage at various levels
- Cost reduction and cost management solutions
- Selective audit of large expense heads & outflows
- Fraud prevention and detection systems
- Ensuring implementation of systems and procedures to ensure that credit is taken in respect of input Excise, service tax, VAT, etc
- Test check of payroll
- Study of Business Performance Measurement systems
- Special Investigations involving study of specific transactions
- Study of the risk profile of the customer
- Development of an appropriate accounting and audit manual
- Development of a process manual
- Handling forensic audit assignments
- Handling stock audit for our clients
We also offer management audit services and compliance audit services, to our clients.
Types of Internal Audit Services
The Internal Audit Department at S3 Solutions can offer an array of audit services which include financial audits, consulting and advisory audit services, compliance audits and others. The following list below talks about the type of audit services offered by S3 Solutions.
- Financial Audits
- Compliance Audits
- Operational Audits
- Information Technology Audits
- Consulting and Advisory Services
- Investigation Services
- Financial Audits:The audit programs are developed to assess and evaluate the financial reports of different transactions and activities. The objective is to ensure that the gamut of financial operations must be clearly reflected in the financial reports. Some aspects of financial audits are procurement, authorization and approvals, segregations of dittoes, reviews and reconciliations.
- Compliance Audits:This type of audit service stresses on compliance risks and also the mitigation plans. The function usually promotes awareness of the current and emerging rules that an organization needs to be compliant with.
- Operational Audits:The operational audit objective is to determine whether the operations of an organization are functioning properly, effectively and in alignment with the management rules and regulations. This type of audit usually assesses risks and also evaluates the internal control for operations of departments and also the organization.
- Information Technology Audits:Audit programs of this type are developed to asses and evaluate the internal control and security inherent in the organization. It also determines the effectiveness of the risk management associated with the organization. The audit is basically done to evaluate system processing control, data security, physical security, system development procedure and other system requirement.
- Consulting and Advisory Services:Consulting and advisory services include risk assessment, business process analysis, data analysis, information technology assessment and others. Our teams of deft professionals are well skilled in consulting services regarding new system implementation, process design initiatives and policy changes.
- Investigation Services:Special investigation services are the kind of audit services based on the complaints received through internal and external resources. Policy violation, conflict of interest, inappropriate activity, manipulation of records, fiscal misconducts are some of the parameters checked.
What Action Should Be Taken Under Internal Audit Services?
To make internal audit functions to be effective, business require suitable skilled resources that can provide assurance regarding the risks organizations might face. Flexible and scalable the resources must be tailored to cater the needs of businesses. To get access to resources, the following points needs to be stressed on:
- Organizations should determine whether the in house team is capable of handling company risk profile and also manage future audit plan.
- Leverage the best industry practices and able to provide valuable insights.
- Must be able to question the audit plan and overall risk management framework of the organization.
Not always this can be feasible for businesses. It is not feasible or cost effective for many organizations. There comes the need for S3 Solutions to offer reliable services in this domain. So reach us to get the best of services, as we come up with the best possible solutions and methodologies to assess the risk associated to your business.
Is your Internal Audit Function (IAF) Adding Value to the Business and Delivering the Value You Expect?
Not all organizations are happy with their companies IAF (Internal Audit Function). It has been seen that board members and CEOs are expecting more from their in-house Internal Audit Function and they consider it to be a strategic tool for their businesses. IAF is not only about regulatory compliance and assurance on internal controls; it is more than that where IAFs must be able to add value to organizations. Going beyond conventional methodologies, Internal Audit Functions must be able to figure out improvement opportunities that can have a high impact on the businesses.
Reviews about our Internal Audit Service – Last Updated 19th September 2023
Client Name: Ananya Rao – ⭐⭐⭐⭐⭐ (5/5 stars)
19th September 2023
Internal Audit Services in Bangalore is exceptional. Their team conducted a thorough internal audit for our company, providing valuable insights into our financial processes and risk management. They were professional, efficient, and their recommendations have significantly improved our operations. Highly recommended!
Client Name: Rajesh Patel – ⭐⭐⭐⭐⭐ (5/5 stars)
19th September 2023
Our experience with Internal Audit Services was generally positive. They helped us identify areas of improvement and provided useful recommendations. However, there were occasional delays in communication, which is the reason for not giving five stars. Nonetheless, their audit expertise is commendable.
Client Name: Priya Sharma – ⭐⭐⭐⭐⭐ (5/5 stars)
19th September 2023
Internal Audit Services in Bangalore is a game-changer for businesses. Their auditors are highly skilled and meticulous. They not only ensure compliance but also offer strategic insights to enhance efficiency. Their professionalism and dedication make them our preferred choice for internal audits
Client Name: Nisha Kapoor – ⭐⭐⭐⭐⭐ (5/5 stars)
19th September 2023
While Internal Audit Services did a decent job with our internal audit, we found their pricing to be on the higher side. The quality of their work is good, but for smaller businesses, cost-effectiveness could be a concern. However, if budget is not your primary concern, they deliver solid results.
Client Name: Karthik Reddy – ⭐⭐⭐⭐⭐ (5/5 stars)
19th September 2023
Internal Audit Services in Bangalore is a five-star partner for internal audits. Their auditors are highly knowledgeable, and they conducted a comprehensive audit that helped us identify and mitigate potential risks. Their insights were invaluable in strengthening our internal controls. I highly recommend their services.
Client Name: Ananya Singh – ⭐⭐⭐⭐⭐ (5/5 stars)
5th September 2023
S3solutions’ internal audit services have been a critical asset for our organization. Their thoroughness and attention to detail are unmatched. Highly recommend their expertise!
Client Name: Rajesh Malhotra – ⭐⭐⭐⭐⭐ (5/5 stars)
5th September 2023
S3solutions’ internal audit team has provided us with invaluable insights. Their audits have helped us enhance our operational efficiency and compliance. We’re extremely satisfied with their services.
Client Name: Priya Verma – ⭐⭐⭐⭐⭐ (5/5 stars)
5th September 2023
We’ve been partnering with S3solutions’ internal audit services for some time now, and their professionalism and expertise have been outstanding. Their reports are comprehensive, and their recommendations have been instrumental in our improvement.
Client Name: Sanjay Patel – ⭐⭐⭐⭐⭐ (5/5 stars)
5th September 2023
S3solutions’ internal audit services have consistently exceeded our expectations. Their team’s dedication and the depth of their audits have been pivotal in maintaining our compliance and risk management. We highly recommend their services.
Client Name: Deepa Krishnan – ⭐⭐⭐⭐⭐ (5/5 stars)
5th September 2023
S3solutions’ internal audit team has been a reliable partner in ensuring the integrity of our operations. Their attention to detail and commitment to excellence make them a trusted choice for internal audits.
Client Name: Sameer Khan – ⭐⭐⭐⭐⭐ (5/5 stars)
22nd August 2023
S3Solutions’ Internal Audit Services have exceeded our expectations. Their team’s expertise in assessing our internal controls and processes is impressive. Their comprehensive reports and practical recommendations have added significant value to our organization. Their commitment to accuracy and their timely delivery deserve a solid five stars.
Client Name: Rajesh Kumar – ⭐⭐⭐⭐⭐ (5/5 stars)
22nd August 2023
S3Solutions’ Internal Audit Services have been invaluable for our organization. Their team’s meticulous approach to reviewing our processes and identifying areas for improvement is commendable. Their insights have helped us enhance our efficiency and compliance. Their professionalism and commitment deserve five stars.
Client Name: Sneha Patel – ⭐⭐⭐⭐⭐ (5/5 stars)
22nd August 2023
We engaged S3Solutions for Internal Audit Services in Bangalore and have been pleased with their thoroughness. Their team’s ability to uncover risks and recommend solutions is noteworthy. I’m giving four stars due to a slight delay in the final audit report’s delivery. Nonetheless, their expertise and dedication to quality are evident.
Client Name: Rajesh Menon – ⭐⭐⭐⭐⭐ (5/5 stars)
17th August 2023
S3Solutions’ Internal Audit Services have had a positive impact on our organization. Their team’s expertise and attention to detail helped enhance our internal controls and risk management processes. I’m giving four stars due to a minor scheduling miscommunication. Nevertheless, their dedication to quality and their thorough audit approach are commendable.
Client Name: Swati Patel – ⭐⭐⭐⭐⭐ (5/5 stars)
17th August 2023
I highly recommend S3Solutions’ Internal Audit Services. Their team’s ability to dive deep into our processes and identify vulnerabilities was impressive. They not only pointed out areas for improvement but also provided guidance on implementing changes. Their professionalism, knowledge, and commitment make them worthy of a five-star rating.
Client Name: Arjun Kumar – ⭐⭐⭐⭐⭐ (5/5 stars)
17th August 2023
S3Solutions’ Internal Audit Services have been invaluable for our company. Their team conducted a comprehensive audit, identifying potential risks and recommending effective solutions. Their expertise in various industries is evident in their approach. Their clear communication and willingness to address our concerns make them deserving of five stars.
Client Name: Priya Shah – ⭐⭐⭐⭐⭐ (5/5 stars)
17th August 2023
We engaged S3Solutions for Internal Audit Services in Bangalore and were pleased with the insights they provided. Their team’s attention to detail and thorough examination of our internal controls were impressive. I’m giving four stars because there was a slight delay in the final audit report’s delivery. Nonetheless, their professionalism and expertise are noteworthy.
Client Name: Rahul Gupta – ⭐⭐⭐⭐⭐ (5/5 stars)
17th August 2023
S3Solutions’ Internal Audit Services have been a game-changer for our organization. Their team’s systematic approach and in-depth understanding of our operations helped uncover areas for process improvement and risk mitigation. Their recommendations were practical and tailored to our needs. Their expertise and dedication deserve five stars!