Internal Audit 

Internal Audit is the continuous and critical appraisal of the functioning of an enterprise relating to its Profile, Processes, Practices and Planning. The Internal Audit process add value and improves the efficacy of the enterprise's business operatives. It analyses, evaluates, and recommends the measure to enhance business value and bolster the overall governance structure; strategic risk management and internal control system of the enterprise.

The process of Internal Audit encompasses the wide range of elements, viz.

1 ) Establishing of compliance of the statutory and regulatory framework, and policies and protocol of the enterprise

2) Warranting optimum utilization of resources.

3) Examining and ensuring adequacy, relevance, reliability, and timeliness of security, and Management Information System.  

4) Assessing, understanding, and analyzing the Risk, Liabilities and Losses.

5) Identifying areas for process and systems improvement and enhancing the controls

6) Safeguarding the Assets of the enterprise.

Internal Audit assists the Management in reviewing the financial reports, and other financial information shared with the Government authorities, or public at large. It also tests the system of Internal Control with respect to Financial Accounting, Legal Compliance and Ethics and the Auditing, Accounting and Financial Reporting process.