Successful businesses need to pro-actively identify the dynamically changing business risks and control risks so as to mitigate them before they harm the organization. The businesses also need to harness the risks in order to capitalize on the opportunities for business enhancement and increased profitability.
Risk based internal audit is a management tool enabling the top management to assess the potential threats, weaknesses and even opportunities.
Compliance with regulation is becoming very critical and also cumbersome day by day. Non compliance could result into penalties, losses and even business closure in extreme cases.
MVLCO regularly conducts risk based internal audits and regulatory compliance audits of various multinational and listed entities providing them assurance with respect to controls and adding value to governance, risk management and control processes. The audits are risk based and have approach as below: