Internal Audit Services

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Accounting & Audit

Internal Audit Services

Risk-based internal audit that strengthens controls, improves processes, and provides management with independent assurance on operations, compliance, and financial reporting.

What is Internal Audit Services?

Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. Unlike statutory audit (which is backward-looking and compliance-focused), internal audit is forward-looking — identifying control weaknesses, process inefficiencies, and compliance gaps before they become material issues.

AccentTax Consulting provides outsourced internal audit services for companies that want the benefits of a professional internal audit function without the cost of a full-time team. Our risk-based approach focuses on the areas of highest risk to your business — financial controls, operational efficiency, IT systems, procurement, and regulatory compliance.

At a Glance

Who is this for

Companies required to have internal audit under Section 138 of the Companies Act, SMEs seeking process improvement, Businesses preparing for statutory audit or due diligence

Governed by

Companies Act, 2013 (Section 138) | Companies (Accounts) Rules, 2014 | IIA Standards | ICAI Guidance

Estimated timeline

Quarterly or annual cycles | Report within 2 weeks of fieldwork completion

Our fee

Request a quote

Why Choose This Service?

Key advantages of engaging AccentTax Consulting for Internal Audit Services.

Control Strengthening

Identifies weaknesses in financial and operational controls before they result in losses or compliance failures.

Fraud Deterrence

Regular internal audit acts as a deterrent to fraud and misappropriation — and detects irregularities early.

Process Improvement

Practical recommendations to streamline processes, reduce costs, and improve operational efficiency.

Regulatory Compliance

Ensures compliance with Companies Act, GST, TDS, labour laws, and other applicable regulations.

How It Works — Our Process

Simple, transparent, and fully managed by our team.

1

Risk Assessment

We assess the risk profile of your business — identifying high-risk areas for focused audit coverage.

2

Audit Plan

We prepare an annual internal audit plan covering all key business processes, prioritised by risk.

3

Fieldwork

On-site or remote audit fieldwork — reviewing transactions, testing controls, and interviewing process owners.

4

Draft Report

Draft internal audit report with findings, root cause analysis, risk rating, and recommendations.

5

Management Response

Management reviews the draft report and provides responses and action plans for each finding.

6

Final Report & Follow-Up

Final report issued to the Audit Committee / Board. Follow-up audit in the next cycle to verify implementation.

We handle everything — you just provide documents.

Documents Required

Organisation chart and process documentation
Previous internal audit reports (if any)
Financial statements and trial balance
Key policies and procedures (procurement, HR, finance)
IT system access and ERP reports
Vendor and customer master data
Bank statements and reconciliation statements
Compliance calendar and recent regulatory filings

Don't have all documents ready? Contact us — we'll guide you step by step.

Send Documents on WhatsApp

Estimated Timeline

Quarterly cycle: 2–3 weeks fieldwork + 1 week reporting | Annual cycle: 4–6 weeks

Section 138 mandates internal audit for listed companies, unlisted public companies above certain thresholds, and private companies with turnover > ₹200 crore or borrowings > ₹100 crore.

Professional Fee

Request a personalised quote

All fees exclude 18% GST. Transparent pricing, no hidden charges.

Frequently Asked Questions

Is internal audit mandatory under the Companies Act?
What is the difference between internal audit and statutory audit?
Can the statutory auditor also conduct internal audit?
What areas does your internal audit cover?
How do you report internal audit findings?

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Annual statutory audit of financial statements.

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Forensic investigation when fraud or irregularities are suspected.

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Management Audit

Evaluation of management effectiveness and strategic execution.

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Virtual CFO Services

CFO oversight that acts on internal audit recommendations.

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Ready to get started?

Our team responds within 1 hour.