Internal Audit

• Business Type: Registered entities (corporations, partnerships, sole proprietorships) in relevant industries.
   

• Size: Minimum annual revenue or employee count.
   

• Regulatory Compliance: Adherence to applicable laws and regulations.
   

• Collaboration: Willingness to provide necessary documentation and access to records.
   

• Internal Controls: Existing or developing internal control systems.
   

• Commitment: Readiness to implement audit recommendations.
   

• Audit History: Preferably with prior audit experience (varies by firm policy).

• Improved Controls: Enhances internal control systems and risk management.
   
• Operational Efficiency: Identifies inefficiencies and recommends improvements.
   
• Compliance Assurance: Ensures adherence to policies and regulatory requirements.

• Initial Consultation: Understand requirements and risks.
   
• Planning and Scope Definition: Define audit objectives and methodology.
   
• Audit Execution: Review financial statements, processes, and controls.
   
• Reporting: Present findings and recommendations.
   
• Follow-up and Support: Implement recommendations and address issues.

• Internal control policies and procedures.
• Financial records and transaction details.
• Previous internal audit reports.
• Risk assessment documents.

• Audit Planning: Help in setting audit objectives and scope.
   
• Execution: Conduct the audit and evaluate internal controls.
   
• Reporting: Prepare and discuss the audit report with management.
   
• Follow-Up: Monitor the implementation of audit recommendations.
   

 

SS Auditors' Internal Audit services empower organizations to achieve their goals with greater confidence and stability, contributing to long-term success and sustainability.

 

Through these services, SS Auditors provides independent, objective assessments of internal controls, risk management processes, and governance structures, helping organizations enhance their operational efficiency, safeguard assets, and maintain regulatory compliance.

Internal audits should be conducted regularly based on the organization's needs, often quarterly or semi-annually, to ensure continuous monitoring of internal controls and processes. The frequency can vary depending on the size, risk profile, and industry of the organization.

Internal Audits are conducted by an organization's own employees or a dedicated internal audit department to thoroughly assess and evaluate the effectiveness of internal controls, risk management practices, governance frameworks, and overall operational efficiency.

 

These audits help identify potential areas of improvement, ensure compliance with internal policies and industry regulations, and provide management with insights to optimize processes and mitigate risks.

 

External Audits, on the other hand, are performed by independent auditors to provide an objective assessment of the company’s financial statements and compliance with regulations. While internal audits focus on improving internal processes, external audits focus on financial accuracy and statutory compliance.

Legal Disclaimer
 

The information on this website is provided for general informational purposes only. It does not constitute legal or professional advice. We do not guarantee the accuracy, timeliness, or completeness of the information provided. You should always seek the advice of a professional consultant or attorney regarding your specific situation. Use of this website is at your own risk and subject to our Terms of Use.
 

SS Auditors understands the importance of client satisfaction and strives to provide high-quality auditing services. However, it is important to note the following refund policy:
 

​Cancellation & Refund Policy
 

S S AUDITORS AND TAX CONSULTANTS believes in helping its customers as far as possible, and has therefore a liberal cancellation policy. Under this policy:

• Cancellations will be considered only if the request is made immediately after placing the order. However, the cancellation request may not be entertained if the orders have been communicated to the vendors/merchants and they have initiated the process of shipping them.
 

• S S AUDITORS AND TAX CONSULTANTS does not accept cancellation requests for perishable items like flowers, eatables etc. However, refund/replacement can be made if the customer establishes that the quality of product delivered is not good.
 

• In case of receipt of damaged or defective items please report the same to our Customer Service team. The request will, however, be entertained once the merchant has checked and determined the same at his own end. This should be reported within only same day days of receipt of the products. In case you feel that the product received is not as shown on the site or as per your expectations, you must bring it to the notice of our customer service within only same day days of receiving the product. The Customer Service Team after looking into your complaint will take an appropriate decision.
 

• In case of complaints regarding products that come with a warranty from manufacturers, please refer the issue to them. In case of any Refunds approved by the S S AUDITORS AND TAX CONSULTANTS, it’ll take 3-5 Days for the refund to be processed to the end customer.

 

Legal Disclaimer
 

The explanations and information provided on this page are general and high-level guidelines on how to write your own Shipping Policy. This article should not be relied upon as legal advice or specific recommendations, as we cannot foresee the exact shipping policies you wish to establish between your business and your customers. We recommend seeking legal advice to assist you in understanding and creating your own Shipping Policy.
 

Shipping Policy - The Basics
 

A Shipping Policy is a legally binding document that establishes the legal relations between you and your customers. It provides a framework for outlining your obligations and addressing various potential issues that may arise, and what happens in each case.

A Shipping Policy is good practice and benefits both sides—you and your customers. Customers benefit from being informed about what to expect from your service, while you benefit because clear Shipping Policies can attract more customers by eliminating uncertainties about shipping timeframes or processes.