Internal Audit

Internal Audit

Internal Audit plays a crucial role in evaluating and improving an organization's internal controls, risk management, and operational efficiency. At NSRM, we offer expert internal audit services tailored to your specific business needs. Our experienced auditors conduct thorough assessments to identify potential risks, detect inefficiencies, and provide recommendations for enhancing processes. With our comprehensive internal audit solutions, you can strengthen your organization's governance, mitigate risks, and achieve your strategic objectives. Trust us to deliver reliable insights and assurance to support your business growth and success.

Internal audit is a vital component of effective corporate governance. Under the Companies Act, 2013, certain companies are required to implement an internal audit system. This includes listed companies and unlisted public companies with specified turnovers, paid-up capital, outstanding loans, or deposits. At NSRM, we offer professional internal audit services to help companies comply with these regulations and enhance their operational efficiency. Our experienced team conducts comprehensive audits, identifies risks, and provides valuable recommendations for improvement. Trust us to strengthen your company's internal controls and contribute to its success.

Internal Audit applicability as per companies act, 2013 is as follows:

  • Every Listed Companies are mandatorily required to carry out internal audit

  • Every unlisted company Internal audit will be applicable on satisfying the following conditions:

    • Turnover of INR 200 Crores or more;

    • Paid up share capital of INR 50 Crores or more;

    • Outstanding loans/ borrowings from banks/ Public Financial Institutions exceeding INR 100 Crores or more at any point of time; or

    • Outstanding deposits of INR 25 Crores or more at any point of time.

  • Private company satisfying any of the following criteria during the preceding Financial Year

    • Turnover of INR 200 Crores or more;

    • Outstanding loans/ borrowings from banks/ Public Financial Institutions exceeding INR 100 Crores or more at any point of time.