Human beings are prone to mistakes and errors, both intentional and unintentional, and it accounts to financial and non-financial loss to the business organisations. Here an independent check from a third party who are professionals in this field reduces the chances of such undesirable situations. Internal audits provide a number of important services to company management. These include detecting and preventing fraud, testing internal control, and monitoring compliance with company policy and government regulation. The need for such functions are not confined to the large scale business organisations. Smaller companies may require these functions even more than large companies that they simply cannot afford employee fraud, waste, or a government fine. Establishing an internal audit function provides a vital step in the growth of a small business.
In GAAP we provide a pool of services in such genre, in Internal audit assignments, we check both financial and non-financial factors of business as per the scope of appointments.
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