We Are RMPsco

Protecting Businesses from liabilities while helping them grow

Risk based Internal Audit

Every business has a set of processes, methodologies, and strategies that ensure its smooth operations. While these practices are aimed to enhance business operations, there are several instances that they are not delivered as per expectations, leading to counterproductive consequences.

At RMPSCO, we are well-versed with internal audits and risk control measures that ensure your company’s smooth functioning while ensuring that there are no threats to operations. Further, we also carry out timely audits and implement additional steps to protect your company.

Why Choose us

Exclusive Manager

We ensure that all of your needs are carefully and exclusively handled with a manager who constantly communicates with your team, ensuring no detail is missed out.

Hearing your opinions

It is an essential component of our process to understand your valuable inputs and feedbacks that helps us chart out the perfect audit procedure for your business.

Multi-faceted

Our team comprises individuals from several different backgrounds such as accounting, Tax, finance and technology, helping us cater to a collection of your needs.

Leveraging Tools

Just as important as human resources, our team also excels at leveraging the massive potential of tools and technologies to enhance your experience and deliver the best results.

Commitment to Standards

Given the global nature of our client’s businesses, we must adhere to and even exceed international auditing standards, helping our clients access the finest services.

Brief of the Services

Our multi-step approach:

Internal Audit Calendar

Upon developing a solid understanding of the client’s business, goals, and expectations, our team creates a defined action plan where we identify all the audit activities necessary well in advance.

Review Process

Further, our team also analyzes the existing processes and identifies their present risks, helping us identify critical controls to enhance efficiency and mitigate risks.

Issue Sheets

We collaborate with our clients and audit committees to develop a formidable action plan and chart out significant dates that ensure a timely audit operation.

Audit closing meeting

In this step, we carry out discussions with our clients, leading us to clarify, resolve, and finalize every process.

Presentations

We also deliver presentations that summarize our actions and help our clients understand the exact scope of our deliverables as well as the impact of our actions!

Implementation

Once all the details are finalized, we turn to the execution and ensure every step agreed upon is implemented perfectly! Our team also carries out a timely audit of the implementation process.

Issue Reports

The last step of our internal audit approach is to develop comprehensive reports that allow our clients to understand the effect of our actions and all the bases covered during the execution.

Benefits

Controls

Risk Mitigation

Monitoring

Fraud Prevention

Effectiveness

Who We Serve

Tailored Risk-Based Audit Solutions for Complex Business Environments

Listed Companies
MNC Companies
Manufacturing Companies
SMEs Growing Businesses
Family-Owned Large Corporates
Risk-Focused Organisations

Frequently Asked Questions

Have Questions? We’ve Got Answers

1. What is Risk-Based Internal Audit?

A Risk-Based Internal Audit is a structured review that focuses on high-risk areas of a business in line with the Companies Act, 2013, applicable rules, and recognised risk management practices.

2. How is Risk-based Internal Audit different from a traditional internal audit?

Unlike traditional audits, a risk-based approach prioritises areas with higher regulatory, financial, and operational risk, ensuring better compliance with Indian laws and governance requirements.

3. Which business in India require Risk-based Internal Audit Services?

Companies covered under the Companies Act, 2013, regulated entities, and growing organisations with complex operations or compliance obligations benefit significantly from risk-based internal audits.

4. What areas are covered under a Risk-based internal audit?

The audit covers internal controls, statutory compliance (GST, Income Tax, Companies Act), operational processes, governance frameworks, and fraud risk assessment.

5. Is Risk-based Internal audit mandatory under Indian law?

The Companies with turnover of more than Rs. 200 Crore are required to appoint an internal auditor under the Companies Act, 2013. Even where not mandatory, risk-based internal audits are considered a best practice for strong corporate governance.

Start Your Risk Based Internal Audit Now!

Risk mitigation is the new way of managing the business in Present Global Uncertainty.

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