Internal Audit

Service Description

An Internal Audit is far more than a periodic review of transactions — it is a structured, continuous mechanism that helps an organisation strengthen its internal controls, improve operational efficiency, and reduce financial and compliance risks. At PRS&A, we approach internal audits with a deep understanding of the client’s business processes, industry environment, and risk profile. Our methodology begins with mapping workflows, identifying control gaps, and assessing the effectiveness of existing systems. We evaluate procurement cycles, revenue processes, inventory management, payroll, statutory compliance, and financial reporting frameworks to ensure that every critical function is operating as intended. Our audits are designed to highlight inefficiencies, leakages, non‑compliance, and process weaknesses that may not be visible in day‑to‑day operations. We use data‑driven techniques, sampling methods, and analytical procedures to identify patterns, anomalies, and potential areas of concern. Throughout the engagement, we maintain independence and objectivity, ensuring that our findings are factual, evidence‑based, and aligned with ICAI’s Standards on Internal Audit and the Code of Ethics. What sets our internal audit approach apart is the emphasis on actionable insights. We don’t just point out issues — we provide practical, implementable recommendations that help management strengthen controls, streamline processes, and enhance governance. Our reports are structured, clear, and tailored to decision‑makers, enabling them to prioritise corrective actions and monitor improvements over time. For growing businesses, internal audits serve as an early‑warning system, helping prevent financial irregularities, operational bottlenecks, and compliance failures. At PRS&A, we ensure that every internal audit adds measurable value and supports long‑term organisational resilience.