Financial Controls Internal Audit — Virtual
Periodic review of financial reconciliations, ledgers, and approval controls, conducted entirely over video call
Overview
Financial Controls Internal Audit is a periodic, independent review of a company's financial reconciliations, ledger accuracy, expense approvals, and revenue recognition practices, delivered under Section 138 of the Companies Act, 2013 for companies where internal audit is mandatory under Rule 13 of the Companies (Accounts) Rules, 2014, and voluntarily for companies wanting stronger financial discipline. Unlike statutory audit, which forms a year-end opinion, this audit checks financial controls periodically through the year using screen-shared walkthroughs on Zoom or Google Meet with your finance team, backed by supporting documents uploaded to our portal for every transaction sampled. Findings are reported to the Audit Committee or Board each cycle, with every observation tracked through to closure in the following review.
Services Included
- Bank and ledger reconciliation testing
- Expense claim and approval trail review
- Revenue recognition and billing accuracy testing
- Segregation of duties assessment in cash/banking functions
- Video walkthrough with finance team, documented evidence trail
- Findings report with risk rating and Audit Committee presentation
Who Should Buy
- Companies meeting Rule 13 internal audit thresholds
- Growing companies with multiple bank accounts and vendors
- Boards wanting periodic, independent financial assurance
- Companies preparing for a smoother year-end statutory audit
How It's Done
Subject to timely document upload and department availability for video walkthroughs
(Estimated completion: 10–15 working days per cycle)
Buy the plan
Select and pay for the service.
Internal audit expert assigned
A Chartered Accountant is assigned to your engagement.
Risk assessment & scope finalisation
High-risk financial control areas identified for this cycle.
Video walkthrough & document review
Zoom/Google Meet walkthroughs with finance team, backed by uploaded evidence.
Findings report & Board presentation
Report delivered and presented to the Audit Committee or Board.
Documents Required
Books of Account & Trial Balance
Bank Statements & Reconciliation Statements
Expense Claim & Reimbursement Records
Approval Matrix / Delegation of Authority
Revenue Recognition & Billing Records
Previous Internal Audit Reports
Fixed Asset Register (if applicable)
FAQs
Review
Average Rating
Financial Controls Internal Audit — Virtual
₹39,999