Manisha Mohol and Associates, a well-established Chartered Accountants firm in Goa, provides a wide range of internal audit services to businesses across different sectors. The firm has expertise in various types of internal audits, including:

1. Compliance Audits: The firm performs compliance audits to ensure that a company complies with various laws and regulations, such as labor laws, environmental laws, data protection laws, and other relevant regulations.
2. Internal Financial Audit: The firm conducts internal financial audits to evaluate the financial management practices of a company and to ensure that the company’s financial statements are accurate and reliable.
3. Environmental Audit: The firm performs environmental audits to evaluate the environmental management practices of a company and to ensure that the company is complying with relevant environmental laws and regulations.
4. Special Investigations Audit: The firm performs special investigations audits to investigate specific areas of concern or to address fraud or other irregularities within a company.
5. Revenue Audit: The firm conducts revenue audits to evaluate a company’s revenue management practices and to ensure that the company’s revenue is being reported accurately.
6. Physical Stock Verification Audit: The firm conducts physical stock verification audits to verify the physical existence and accuracy of a company’s stock.
7. Management Audit: The firm conducts management audits to evaluate the management practices of a company and to identify areas for improvement.

Key Takeaways of Internal Audit in India:

• Internal audit plays a crucial role in risk management and evaluates the effectiveness of different aspects of a company.
• Different types of internal audits include financial, operational, compliance, environmental, IT, or for a specific purpose.
• Internal audits provide management and the board of directors with a value-added service by identifying flaws in processes before external audits.
• Internal audits are conducted through planning, auditing, reporting, and monitoring steps similar to external audits.
• Internal audits can enhance the efficiency of operations, motivate employees to adhere to company policy, and allow management to explore specific areas of its operations.

Overall, Manisha Mohol and Associates has the expertise to provide comprehensive internal audit services to businesses of all sizes and sectors. The firm’s team of experienced auditors work closely with clients to identify areas of concern, provide valuable insights, and offer recommendations to enhance their business operations