Internal Audit
In today’s dynamic business environment, transparent and accurate financial reporting is not just a compliance requirement — it’s a crucial element for building trust with stakeholders. At Jain & Sharma, we offer professional Audit & Assurance Services designed to give you clarity, confidence, and credibility.
At Jain & Sharma, our Internal Audit services go beyond traditional compliance checks. We offer strategic, risk-based auditing that helps organizations identify operational inefficiencies, strengthen internal controls, and align processes with corporate objectives. Whether you’re a growing enterprise or a mature organization, our expert Chartered Accountants bring deep industry insight and tailored solutions to ensure transparency, accountability, and sustained performance. With a commitment to integrity and precision, we help you safeguard your assets and drive business excellence.
Instant Review Services
Quickly assess financial and compliance health with sharp insights that drive immediate, actionable improvements.
Retainer 360 Services
Ongoing compliance and finance reviews tailored to your business—ensuring accuracy, discipline, and peace of mind.
Process Audit Services
Uncover inefficiencies, improve controls, and build stronger finance operations through process evaluation and insights.
Comprehensive Internal Audit
End-to-end audit framework delivering confidence, compliance, and clarity across your entire finance function.
Risk Assessment and Management
Identify business risks, strengthen controls, and foster a culture of proactive risk management.
1. Instant Review Services
Snapshot of Your Financial Health
Position your business for better control with a quick but thorough review of accounting and compliance systems.
Where This Review Makes the Most Impact
Ideal for SMEs, startups, or established businesses preparing for funding, transitions, or simply needing a second opinion.
What’s Covered in Just One Week
Covers review of finance processes (receipts, payments), and key statutory compliances under Income Tax, GST, and Companies Act.
Actionable Findings, Not Just Observations
Highlights immediate concerns, control gaps, and key process improvements—with clear, practical suggestions.
Fast, Focused, and Value-Driven
Designed to deliver quick insights with minimal disruption—our structured approach ensures speed without compromising depth.
2. Retainer 360 Services
A Structured Compliance Framework, Tailored for You
Based on an initial diagnostic, we design a business-specific checklist to ensure all
recurring transactions and obligations are systematically addressed.
recurring transactions and obligations are systematically addressed.
Built for Ongoing Accuracy and Control
Conducted monthly or quarterly, depending on business needs, the service
maintains continuous oversight of routine financial operations and statutory
compliances.
maintains continuous oversight of routine financial operations and statutory
compliances.
What We Review and Resolve
Includes periodic review of entries and compliances under Income Tax, GST,
Companies Act, etc., covering receipts, payments, and recurring processes.
Companies Act, etc., covering receipts, payments, and recurring processes.
Tracking Issues to Their Resolution
We maintain a clear record of review points and their resolution status—ensuring
no issue is left pending or unaddressed by the accounts team.
no issue is left pending or unaddressed by the accounts team.
Consistency That Builds Confidence
This service strengthens accounting discipline, reduces last-minute surprises, and
improves audit readiness—month after month, quarter after quarter.
improves audit readiness—month after month, quarter after quarter.
3. Process audit services
Strengthening the Backbone of Finance Operations
A deep dive into the processes and controls driving your finance and accounts
function—focused on structure, clarity, and consistency.
function—focused on structure, clarity, and consistency.
Objective, Adequate, and Effective — By Design
We evaluate whether current processes meet functional goals, regulatory
expectations, and internal control benchmarks.
expectations, and internal control benchmarks.
Our Method: Structured, Insightful, Practical
Includes detailed walkthroughs, control testing, transaction trail analysis, team
interviews, and collaborative discussions.
interviews, and collaborative discussions.
Beyond Gaps — Towards Process Maturity
Identifies inefficiencies, control lapses, and redundant steps—offering practical
suggestions to build robust, future-ready systems.
suggestions to build robust, future-ready systems.
Enabling Smarter, Safer Financial Processes
Helps organizations move from reactive fixes to proactive process
management—ensuring accuracy, compliance, and scalability.
management—ensuring accuracy, compliance, and scalability.
4. Comprehensive Internal Audit
A Deep Audit for Complete Financial Confidence
Thorough audit of finance and accounts processes and transactions to provide a
structured, multi-layered assurance framework.
structured, multi-layered assurance framework.
Four Dimensions of Assurance, One Comprehensive Approach
We deliver Accounting, Compliance, Proprietary, and Sustainability
Assurance—covering accuracy, legitimacy, control, and future-readiness.
Assurance—covering accuracy, legitimacy, control, and future-readiness.
What We Examine and How
Through systematic testing, transaction review, process walkthroughs, and
compliance checks, we assess the adequacy and effectiveness of operations.
compliance checks, we assess the adequacy and effectiveness of operations.
Uncovering Gaps, Strengthening Foundations
Identifies misstatements, non-compliances, control weaknesses, and policy
inefficiencies—followed by focused, actionable recommendations.
inefficiencies—followed by focused, actionable recommendations.
Assurance That Enables Growth and Governance
Our audit enhances financial reliability, stakeholder confidence, and strategic
preparedness—ensuring processes are robust and scalable.
preparedness—ensuring processes are robust and scalable.
5. Risk Assessment and Management
Understanding Risks Rooted in Your Business
We evaluate your processes, operations, and policies to identify risks specific to
your industry, structure, and workflows.
your industry, structure, and workflows.
Assessing Control Design and Effectiveness
We review existing controls to determine whether they are sufficient and
operating as intended to mitigate identified risks.
operating as intended to mitigate identified risks.
Identifying Gaps Before They Become Incidents
Our analysis highlights uncovered risks, control failures, and potential
vulnerabilities—ranked by likelihood and impact.
vulnerabilities—ranked by likelihood and impact.
Recommendations That Reduce Exposure
We suggest pragmatic risk mitigation strategies and control enhancements
tailored to your business environment.
tailored to your business environment.
Building a Risk-Conscious Organization
This service supports informed decision-making, strengthens resilience, and
fosters a proactive risk management culture.
fosters a proactive risk management culture.
Frequently Asked Questions
What is Internal Audit and why do I need it?
Internal audit is an independent review of your organization’s internal controls, risk management, and compliance systems. It helps identify inefficiencies, prevent fraud, and ensure processes meet statutory and regulatory requirements. Jain & Sharma’s audits support better governance and provide strategic assurance.
Which industries and businesses do you serve?
Jain & Sharma specialize in internal audits for sectors including manufacturing, logistics, education, hospitality, construction, auto components, and more. With offices in Gurugram and Bhiwadi, they serve both domestic and multinational clients.
What is your audit methodology and frequency?
Our internal audit approach is risk-based and process-driven—tailored to your organization’s objectives. We typically conduct quarterly audits to monitor control effectiveness, identify gaps, and ensure compliance. This ongoing cadence supports proactive corrective actions.
Who carries out the internal audits?
Audits are performed by experienced Chartered Accountants like CA Pramud Jain and CA Mahipal Sharma, each bringing strong expertise in financial controls, forensic audits, MIS reporting, and regulatory compliance. Their approach combines legal insight, accounting acumen, and advisory support.
How does an audit help improve my business?
Clients have reported enhanced financial transparency, regulatory compliance, process efficiencies, and reduced risk. One CFO noted that the audit helped streamline compliance across multiple locations, while another highlighted significant improvements in process controls and financial accuracy.
Streamline Finances. Strengthen Your Business.
Partner with experts in audit, advisory, and business setup to fuel growth and ensure compliance.