Internal Audit Services
Internal Service
“Empowering businesses through strategic insights and robust internal control systems.”
At PRAGS GROUP, we understand that Internal Audit is not just about compliance—it’s a strategic tool that helps organizations identify inefficiencies, enhance risk management, and strengthen governance. Our goal is to help you streamline operations, detect fraud, and ensure long-term sustainability.
Our tailored internal audit services are designed especially for startups, MSMEs, and technology-driven enterprises, helping you build strong foundations for scalable and sustainable operations.
Whether you’re a growing startup, a mid-sized company, or a large enterprise, our customized internal audit solutions are designed to align with your business goals and industry standards.
Why Internal Audit?
For emerging businesses and fast-growing tech firms, robust internal controls are not optional—they’re essential. Internal Audit helps you:
- Ensure compliance with internal policies and statutory regulations.
- Identify operational inefficiencies and cost-saving opportunities.
- Strengthen internal controls and risk management.
- Detect and prevent fraud or misappropriation.
- Support decision-making with data-driven insights.
Our Internal Audit Approach
01
Understanding Your Business
- Business process mapping
- Risk assessment
- Control environment review
02
Audit Planning
- Define audit objectives and scope
- Develop a risk-focused audit plan
03
Field Work & Testing
- Conduct transaction-level testing
- Assess control effectiveness
- Identify control gaps and irregularities
04
Reporting
- Deliver a detailed audit report with observations
- Provide practical, actionable recommendations
05
Follow-Up & Support
- Post-audit assistance in implementing controls
- Periodic reviews and continuous improvements
Key Areas We Cover
- Financial & operational audits
- Compliance audits
- Process audits
- IT & systems audit
- Forensic audits (fraud detection)
- Internal controls and SOP review
- Risk management framework evaluation
- ESG & sustainability internal review (optional)
Industries We Serve
Startups
Funding-ready internal controls, governance setup, fraud detection
MSMEs
SOP development, cost control, statutory compliance audits
Manufacturing
We offer audit, compliance, and financial advisory services tailored for the manufacturing industry.
IT & Software
Audit, compliance, and financial services for the IT and software sector.
Real Estate
Tailored audit, compliance, and financial services for the real estate sector.
NBFCs & Financial Institutions
Expert audit, compliance, and advisory services for NBFCs and financial entities.
Healthcare
Focused audit, compliance, and financial services for hospitals, clinics, and healthcare providers.
Education
Specialized audit, compliance, and financial services for schools, colleges, and educational institutions.
Retail & E-Commerce
Customized audit, compliance, and financial services for retail and online businesses.
Why Prags Group?
- Experienced Team of CAs, internal auditors, and risk consultants
- Customized Solutions tailored to your industry and business size
- Confidentiality & Integrity at every stage of the audit
- Post-Audit Support to strengthen internal systems
- Technology-Oriented audit tools for better accuracy
PRAGS GROUP
Why Prags Group?
- Experienced Team of CAs, internal auditors, and risk consultants
- Customized Solutions tailored to your industry and business size
- Confidentiality & Integrity at every stage of the audit
- Post-Audit Support to strengthen internal systems
- Technology-Oriented audit tools for better accuracy