Internal Audit Support

1. Verification of the accuracy and authenticity of the financial, accounting and sIitatistical records.
2. Ascertaining that accepted accounting policies and practices have been followed while preparing the financial accounts.
3. The assets are purchased or disposed under proper authorization. Also ensuring that the access to assets is restricted to the authorized persons at the authorized times.
4. Confirming that the liabilities are incurred for the legitimate activities of the organization.
5. The internal checks system operating in the organization is sound and economical.
6. Fraud and errors are prevented and detected.
7. Reviewing overall operations of internal control system and if deviations or weakness are noted, the same are communicated to the appropriate authorities on timely basis. This will help in instituting corrective actions of the entity