Internal Audit

Independent review of internal processes to strengthen controls and operational governance.

Get in Touch with Us

Tax Audit plays a critical role in ensuring that businesses comply with the Income Tax Act while maintaining accurate and transparent financial records. Beyond statutory reporting, a well-executed tax audit helps identify reporting gaps, potential tax exposures, and compliance weaknesses before they escalate into penalties or disputes. Our approach combines regulatory knowledge with practical understanding of business operations, ensuring audits are completed efficiently and aligned with current legal requirements.

vm blog 2
vm blog 1

Benefits for Clients

Key Offerings

01

Process review

Identifies control weaknesses and operational inefficiencies across workflows to improve consistency, accountability, and process effectiveness.

02

Risk assessment

Highlights financial, operational, and compliance risk areas to support proactive mitigation and informed management decision making.

03

Control testing

Evaluates effectiveness of existing internal controls to ensure reliability, consistency, and alignment with organisational objectives.

04

Compliance monitoring

Ensures adherence to internal policies and procedures through regular review, documentation checks, and process validation.

05

Follow up reviews

Tracks corrective action implementation over time to confirm resolution of issues and sustained control improvements.

FAQ's

Internal audit requirements depend on entity type and regulatory provisions. Even when not mandatory, it is strongly recommended for risk management.
Audit frequency is based on business size, risk exposure, and regulatory expectations. Many businesses opt for annual or half yearly reviews.
Audits are planned to minimise disruption to routine business activities. Coordination with teams ensures smooth execution.
Yes recommendations are tailored to business realities and operational feasibility. The focus is on implementable improvements.
Yes follow up reviews help track corrective actions and control improvements.

Ready to streamline your

Strengthen governance and controls with structured internal audit support.