Our firm specializes in
risk based Internal & Operational Audits of large
International and Indian Corporates in India and abroad.
Mahajan & Aibara follows both co-sourced (partnering
with the existing Internal Audit departments) and out-sourced
models for Internal audits.
Three of our partners are independently responsible
for Internal Audit assignments which have been an area
of core competence for the firm since last 28 years.
Several blue chip corporates have outsourced their
internal & operational audits to M & A. The
main thrust of these assignments is towards improved
competitive strength through a positive & independent
appraisal of risks, business processes & internal
controls. Our teams bring to these assignments insights
& knowledge of best practices gained from our experience
of working with leading international & Indian corporates
in India & abroad.
M & A Methodology
- Identification, evaluation & prioritization
of key business & process risks.
- Listing of mitigating internal controls against
each risk.
- Mapping of business processes and evaluation of
Internal controls
- Testing of Internal controls for effectiveness
using ‘walk-thru’ tests.
- Recommending improvements in internal controls,
business processes & financial reporting.
- Review for compliance with corporate policies,
statutory & regulatory environment.
- Review of IT systems.
- Review of effectiveness of managerial supervision.
For our risk based internal audits, we use state of
the art data analytic tools and specially designed control
rating indices for evaluating and benchmarking corporate
governance processes and overall control environment.
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