AUDIT AND INSPECTION READINESS

Establishing an effective system of internal controls is mandatory to ensure that the resources are efficiently utilized to achieve stipulated goals and objectives. In the current scenario of stringent regulations, any nonconformity can hamper your progress. Internal audits provide valuable insight to your management on the adequacy of internal controls. They help you to identify your strengths and weaknesses Facilitates a comprehensive walk-through of your systems and procedures at strategic, tactical and operational levels Do a critical analysis of the employees' awareness about the regulations Shines light on the breach in your processes: timely remedial action for which can have epoch making role in your progress Pinpoints at the weak links in the chain "The Trouble spots" thus enabling you to effectively channelize your resources