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.

Risk Advisory Services: Optimize & Secure Your Business

Risk management advisory services

With Risk-Based Internal Audits, We Help You Identify Cost Saving Opportunities.

A major struggle of most businesses today is the constant pressure of understanding and responding to the Governance, Risk and Compliance (GRC) issues. As a result, the key minds are continually distracted in managing the latest crisis. Understanding this, we aim at assisting our clients to assess the risks, develop appropriate management plans and effectively implement them to mitigate the risks.

Our professionals understand your business, process and industry priorities to provide end-to-end operational consultancy, internal audit, expert analysis, risk management advisory and forensic services. Our understanding of the global business enables us to assist you with unique solutions and help you to optimize and create long-term value and growth.

Our expert Business and Risk advisory team ensures approaching the risk with a holistic, strategic outlook and help you to proactively addressing issues and providing business solutions that are adoptable for your business.

We commit to understanding your business, culture, process and priorities to provide end-to-end strategic consultancy, audit, expert analysis, risk management advisory and crisis response services. Our understanding of the global business enables us to assist you with unique risk solutions and help you with generating new opportunities, long-term value and growth.

Our expert risk advisory team ensures approaching the risk with a holistic and strategic approach by proactively addressing issues and providing business solutions that are right for your business.

Advantages of Felix’s Business & Risk Advisory Services

Widespread Network

We leverage on our well-established network in the industry and our well-trained team.

Operations Management

We help clients make detailed insights into their performance and to help them easily identify areas where further improvements are needed.

Operational Optimization

We help clients take informed decisions to optimize business operations.

How the Business Risk Advisory works?

Our team follows a customized process to help you develop a robust governance and management framework.

Strategize & Prepare

Establish preventive & detective control environment
Independent assurance on control environment
Highlighted Red Flags and fraud indicators

Define Targets

Review of all key operational areas of the organization
Compliance to policy and procedures
Leading Industry practices

Execution

Revenue optimization
Identification of cost-saving opportunities
Standardization of practices across stores/locations
Better utilization of funds and resources

Felix is a complete powerhouse providing services like:

Risk Monitoring

Risk-based internal audits
Process reviews and advisory
Information security reviews

Focus on Mitigation

Costing and accounting system design and review
Development of standard operating procedures
Implementation of risk assessment frameworks (ERM/ ICFR/COSO)
Implementation of standard operating procedures

Emphasis on Value Addition

Supply chain advisory
Cost-saving initiatives

Adamya Sharma

Partner
Risk & Business Advisory

Prashant Sharma

Partner
Risk & Business Advisory

Suyog Bagul

Partner
Virtual Chief Financial Officer Services

Business & Risk
Advisory

Unlocking value though standardization
and optimization.

With Risk-Based Internal Audits, We Help You Identify Cost Saving Opportunities.