Internal Audit
Risk management is a big concern for both audit committees and senior management internally in the corporate world.. Companies today need experienced internal auditors to address concerns in risk management, review and suggest ways to enhance internal controls with the objective of assisting in execution of business plans and meeting governance responsibilities.
Our experienced audit professionals take a risk-based approach to internal audit with a view to help clients improve performance and operating efficiency. We go beyond traditional fundamentals and add tangible value. We work to build internal audit into a strategic and productive tool in today’s corporate governance environment.
The services of the internal audit practice include amongst others outsourced / co-sourced internal audit services across all industries. Our teams serve clients in diverse industries such as Education, Manufacturing, Healthcare, Media & Entertainment, Consumer Business etc.
Some of our out of the box assignments and the value addition done by us are as follows:
| Nature of services rendered | Value Addition by VKC | Location at which client is based at | Client Background |
| Inventorisation of fixed assets | The massive exercise of inventorising more than ten thousand fixed assets in the whole campus spread over 44 Acres was carried out by us with accuracy and efficiency. In thsi process, we carried out physical verification and tagging of all the assets items and captured detailed description of each asset item, thereby generating accounting information and individual cost of each asset item. We also mapped accounting details with physically verified assets and drafted the detailed methodolgy for the Fixed Assets Management of the client.The institution was in operation for more than 15 years before the fixed asset inventorisation was initiated and as such there were a lot of legacy issues to be streamlined.The assignment gave us a first-hand experience of the related issues and challenges involved in successful completion of such tasks at such a large scale.The assignment was carried out by us during the year 2013-14. | Dehhradun | University level educational institution established in the year 2003 having around 15,000 students on its rolls. It has a sprawling 44-acre campus in the lush and cerdant environs of Dehradun. It has been emerging as an innovative institution offering industry-focused specialised undergraduate and post graduate courses. |
| Inventorisation of fixed assets | The massive exercise of inventorising more than five thousand fixed assets in the whole campus spread over 44 Acres was carried out by us with accuracy and efficiency. In thsi process, we carried out physical verification and tagging of all the assets items and captured detailed description of each asset item, thereby generating accounting information and individual cost of each asset item. We also mapped accounting details with physically verified assets and drafted the detailed methodolgy for the Fixed Assets Management of the client. | Dehradun | A one of its kind retreat that seeks to provide an array of wellness services combining authentic traditions of wellness, medicine, wisdom and spaces. The retreat caters to renowed guests from various countries and high stature. The retreat is spread over an area of 21 acre in the valley of Dehradun amongst lush green orchards and forests. The retreat has been designed by architects and interior designers of world fame with high-end infrastructural facilities. |
