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.

Swetabh Pareek

Partner
Investment Banking

Swetabh has two decades of professional experience in transaction advisory, investment banking and strategic advisory on digital business transformation. He currently leads investment banking and digital transformation services at Felix Advisory, leading a team of transaction experts on mandates for fundraising, merger and acquisition, target identification and solicitation for buy-side PE and corporate buyers, and strategic advisory assignments for digital transformation. Swetabh is a generalist with experience in traditional as well as new age economy sectors.

In his previous role at Aranca, he led a large team of analysts on advisory assignments for various transaction, strategic decision-making, dispute resolution, and reporting purposes. He served a variety of global clients, mainly from India, the United States, and the Middle East region. Previously, he also worked for Ernst & Young as Associate Vice President with a primary focus on India and cross-border transaction advisory services. Prior to that, he worked as a Senior Analyst focusing on leveraged financing activities and restructuring activities in the United States and European, Middle Eastern, and African markets for a bulge bracket investment bank. He has also worked with Kotak Mahindra, where he began his corporate career.

He qualified as a Chartered Accountant in 2004 and has also cleared Uniform Certified Public Accountant exams from Colorado State Board of Accountancy, United States in 2007. He is also a digital transformation strategist and has completed UC Berkeley Haas Technology Leadership Program. Swetabh has also been associated as member with the American Society of Appraisers for close to a decade. He has a keen interest in interacting with the media and his thought pieces and opinions have appeared on various renowned platforms.