- Bangalore , Karnataka
- +91 9652867369
- casmsathvik@gmail.com
Sathvik S & Co
Chartered Accountant
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Chartered Accountant
Our internal audits go beyond routine checks — they strengthen systems, elevate governance, and enhance operational efficiency through a risk-based, insight-driven approach.
An Internal & Risk-Based Audit is designed not just to review compliance, but to strengthen the way organisations operate. It provides a systematic and disciplined approach to evaluating risk management, internal control systems, and process efficiency. At Sathvik S & Co, we align every audit cycle with the ICAI’s Framework for Risk-Based Auditing, ensuring that each engagement delivers measurable governance value.
Our audits focus on identifying control gaps, inefficiencies, and areas of vulnerability before they evolve into operational risks. We assess both preventive and detective mechanisms, integrating analytical reviews and control testing into every stage. This dual focus on compliance and performance ensures that audit outcomes go beyond checklists—they drive continuous improvement.
Over time, our internal audits foster a culture of accountability and awareness. Teams begin to see controls not as restrictions but as enablers of efficiency, accuracy, and reliability. The result is an organisation that anticipates risks, improves processes, and consistently performs at its best.
Our risk-based audit methodology follows a structured, multi-phase process designed for depth and actionable insight. Each phase is aligned with both regulatory expectations and the client’s operational realities.
We begin with risk assessment and planning, where we map business processes, identify key risk areas, and define control objectives. This is followed by a control design evaluation, assessing whether existing controls effectively mitigate identified risks. Fieldwork includes testing and validation, where we examine evidence, perform walkthroughs, and use data analytics to verify the effectiveness of controls.
Our auditors also conduct root-cause analysis for exceptions, identifying systemic weaknesses rather than isolated issues. Observations are prioritised based on risk magnitude and business impact, ensuring that management can focus on what matters most.
The process concludes with a comprehensive audit report and debrief, translating complex findings into clear, actionable recommendations. This approach not only highlights issues but provides management with a roadmap for sustainable control improvement and operational excellence.
Our Internal & Risk-Based Audits provide management with actionable clarity on how processes perform and where improvements can yield measurable results. Each audit is an opportunity to enhance control maturity, reduce inefficiencies, and strengthen compliance culture.
We deliver value through practical insights backed by data-driven analysis, risk heat maps, and accountability matrices. The result is stronger governance, better decision-making, and improved organisational resilience—helping leadership stay informed, compliant, and confident.
Each engagement concludes with a structured assurance package that connects audit results to tangible business outcomes. Clients receive a Comprehensive Internal Audit Report that includes findings, control ratings, and risk impact summaries, presented through intuitive dashboards and matrices.
We also provide a Risk Control Matrix (RCM) linking risks to controls and owners, alongside a Management Action Plan for remediation. All reports are concise, evidence-based, and formatted for management and board-level review—ensuring transparency and accountability.
Our internal audits adhere to the ICAI’s Framework for Risk-Based Internal Audit and the Standards on Internal Audit (SIAs) issued by the Institute of Chartered Accountants of India. These standards define our audit procedures, documentation quality, and professional ethics.
We also align with globally recognised frameworks such as COSO, ISO 31000 (Risk Management), and COBIT (IT Governance) where applicable. Combined with our internal Quality Management Standard (QMS 1), these ensure that every audit we deliver is robust, evidence-backed, and aligned with best global practices.