lex koterie

Internal Audit

Assurance over information in Financial Statements help to navigate complexity & brings transparent information to investors & stakeholders.

Internal Financial
Accurate & Reliable Financial Statements

Lex Koterie LLP provides audit and assurance services to over various clients across India. We approach every audit with a high standard of professionalism and integrity, while working with our clients to improve their internal controls and governance and running the activity on a fully outsourced basis or working with an existing internal audit function to supplement their team when they lack adequate staff or skills.

Organizations are increasingly leveraging internal audit as a strategic resource, recognizing that internal auditors’ broad and deep perspective of operations, risks and potential opportunities can help inform business decision-making. Our Internal Audit and Financial Advisory consultants work with audit executives, management and audit committees at companies of virtually any size, public or private, to assist them with their internal audit activities.

Internal audit is an independent, objective assurance & consulting service, which is design to add value to the business and improve the entity’s operation. It provides a systematic and disciplined approach to evaluating and assessing risk management, internal control, and corporate governance.

Business group of people and colleagues
Have any query?

Let's Connect

Principles of Internal Audit

Internal audit activities are generally focused on three principles areas which arises from the risk management assessments of the entity including, but not limited to,

  • Internal Control over Financial Reporting,
  • Time Value of Money, and
  • Compliance Review.
Purpose of Internal Audit

The purpose of the Internal Audit assures that business assets are secured, business processes reflect documented policies & procedures, and keeps the organization complaint with common framework & regulations:

  • Provides objective insights.
  • Improves efficiency in operations.
  • Evaluate risk & safeguard assets from various threats.
  • Assesses controls.
  • Ensures compliance with laws & regulations.

To meet this objective, internal audit activities must be designed in a systematic and disciplined way.

Who can be appointed as Internal Auditors?

Internal Auditors are professionals appointed by the concerned organization for internal auditing of the company. According to the Section 138 of the companies Act, the internal auditor can be Chartered Accountant or a Cost Accountant, Company Secretary or such other professional as decided by the Board of Directors of the company for the purpose of internal auditing.

Internal auditors are not responsible for the execution of company activities. However, they provide the management and Board of directors, insight into operative effectiveness with which the activities are being carried out within the regulatory framework.

Duties and Responsibilities of Internal Auditor
Top Priorities in Internal Audit

Years of Experience

We work with ambitious leaders who want their future to be successfull and help them achieve extraordinary outcomes.

Outstanding Service

Through our service lines, we help our clients capitalize on transformative opportunities - now, next & beyond.

Dedication to Clients

Together, we help you create lasting value & responsible growth to make your business fit for tomorrow.

Legal Consultant

You face steep compliance demands & complex changes; we help you transform your function to make a greater impact.

Professional Liability

Our professionals draw on our shared creativity, experience, judgement & diverse perspectives to reframe the future of our clients.

Looking for Legal Service With Global Quality?