What are the types of internal audits?

Internal audits can include operational audits, compliance audits, financial audits, forensic audits, IT audits, and environmental audits.

What are the key standards in internal audits?

The key standards include independence, objectivity, proficiency, quality assurance, and communication.

What is the risk-based approach in internal audits?

The risk-based approach prioritizes auditing high-risk areas within an organization to focus resources where they are needed most.

What are the 5 C's of internal audit?

The 5 C's are Control, Compliance, Cost, Consistency, and Communication, which are critical for a successful audit process.

How does an internal audit help in risk management?

Internal audits help identify and mitigate risks by ensuring that internal controls are effective and that the company complies with laws and regulations.

Dheeraj Dangri

Partner
Accounting & Assurance

Dheeraj is a qualified chartered accountant from the Institute of Chartered Accountants of India having more than 19 years of experience.
During his career, he has worked for KPMG, Ernst and Young, Deloitte, PwC and Copal Partners. He has led large teams on assurance assignments including statutory audits, agreed-upon procedures, financial due diligence, ICFR designing and certification.

He has worked across various industries including FMCG, real estate, technology, ITeS and Telecom. He has extensive experience in working with global clients on shared service center models.

He has expertise in accounting outsourcing including Accounts Payables, Accounts Receivables, and GL accounting.
Dheeraj has hands-on experience in management reporting including developing robust Management Information Systems and delivering periodic (monthly/quarterly MIS) in a time-bound manner.