Risk Advisory &
Internal Audit
Comprehensive risk management and internal audit services — from COSO framework implementation to Section 138 compliance, audit trail reviews, and enterprise-wide risk mitigation.
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Section 138 — Companies ActMandatory internal audit compliance
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Internal Control Framework (COSO)Control environment · Risk assessment
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Audit Trail ReviewSystem audit · Digital records review
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Risk Assessment & ManagementEnterprise risk identification & mapping
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Risk Mitigation & ControlsControl activities · Monitoring
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Other Law CompliancesLabour · Environment · FEMA compliance
Our Risk & Internal Audit Services
Mandatory internal audit under Section 138 of the Companies Act for prescribed classes of companies — ensuring regulatory compliance.
- Applicability assessment
- Internal audit scope definition
- Audit report to board/audit committee
- Compliance monitoring
Design and implementation of internal control frameworks based on the COSO model — strengthening governance and control environment.
- Control environment assessment
- Risk assessment & response
- Control activities design
- Information & communication review
Review of audit trails in accounting software and ERP systems — ensuring data integrity and compliance with regulatory requirements.
- Tally/ERP audit trail review
- System access & log review
- Data integrity verification
- IT general controls assessment
Systematic identification and assessment of enterprise risks — financial, operational, compliance, and strategic.
- Enterprise risk mapping
- Risk likelihood & impact analysis
- Risk register preparation
- Heat map & risk matrix
Development and implementation of risk mitigation strategies and control activities tailored to business processes.
- Risk response strategies
- Preventive & detective controls
- Process-level control design
- Control testing & validation
Review and monitoring of compliance with labour laws, environmental regulations, FEMA, and other applicable statutes.
- Labour law compliance review
- FEMA & RBI compliance
- Environmental law monitoring
- Regulatory compliance calendar
G.S. Tatiwala and Company, established in 1971, is a trusted firm offering chartered accountancy, audit, and taxation services. With decades of experience and a strong focus on accuracy and professionalism, we deliver practical solutions tailored to our clients’ needs. Our commitment to integrity and consistent support makes us a dependable choice for financial and compliance requirements.
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