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.

Strategy consulting for startups

India, with over 20,000 Start-ups, is ranked third globally in terms of its ‘start-up ecosystem’. This robust growth in the Indian start-up ecosystem has come from the consumerism and digital revolution. Robust increase in AUM and deal-making by VC and PEs has helped India to sustain a very high growth in the ecosystem evolution.

Felix Advisory and its partners have worked with more than 50% of current India based Unicorns during their evaluation across multiple advisory domains. We take pride in being the Growth Partners to the Fortune 500 Companies of Tomorrow, ensuring to provide a sturdy foundation to your organization. Our solutions help the start-ups keep focusing on the core value-creating activities while being frugal yet staying scalable.

Growth Partners to the Fortune 500 Companies of Tomorrow – Start-ups

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