Audit and Assurance

Internal Audits

Get an independent look at how your business really runs. We review your processes and controls, find gaps and risks, and give practical recommendations to fix them.

  • Scope agreed around your risks
  • Findings ranked by importance
  • Practical, step-by-step recommendations
  • In-house team, never outsourced
  • Handled or reviewed by CAs and CSs
  • Data privacy first
On this page
  1. Who needs an internal audit?
  2. What's included
  3. How it works with us
  4. Why have an internal audit?
  5. Good to know
  6. Why choose Tsquare?
  7. Related services
  8. Documents required
  9. FAQs

An internal audit checks that your processes, controls and records work as intended. It helps prevent errors, losses and fraud before they become serious.

Tsquare, a Coimbatore-based firm, handles internal audits online for clients anywhere in India.

At a glance

Who it's for
Businesses with growing teams and processes
What you get
An audit report with recommendations
Where
At your office or online
Documents
Process documents and records

Who needs an internal audit?

  • Growing companies

    Processes that worked for a small team are under strain.

  • Owners worried about leakage

    You suspect losses, errors or weak controls.

  • Companies required to have one

    Some companies must have an internal audit by law.

  • Boards and investors

    They want independent assurance on controls.

What's included

  • Agreeing the audit scope and plan
  • Reviewing processes such as purchasing, sales, payroll and inventory
  • Testing key controls
  • Identifying risks and gaps
  • A report with findings and recommendations
  • A follow-up review, if you'd like one

Not included

  • Statutory audit
  • Forensic investigations (quoted separately)

How it works with us

  1. We agree the scope

    We discuss your goals and agree what the audit will cover.

  2. We gather information

    We request records and speak to the people involved.

  3. We review and test

    We examine processes, records and controls against the agreed scope.

  4. We report

    You get a clear report with findings, risks and practical recommendations.

  5. We follow up

    If you'd like, we check how recommendations have been put in place.

Why have an internal audit?

  • Problems are found early, when they're cheaper to fix.
  • Controls protect against errors and fraud.
  • Better processes save time and money.
  • It shows lenders and investors you're well run.

Good to know

Why choose Tsquare?

Tsquare Professionals is a Coimbatore-based firm that helps clients across India with internal audits. Everything happens online, so it works the same wherever you are.

  • An in-house team handles your work. It is never outsourced.
  • Chartered Accountants and Company Secretaries handle or review every filing.
  • Your documents stay private and are used only for your work.
  • One point of contact who knows your business, from start to finish.

Want an independent view of your controls?

Tell us your concerns and we'll propose a scope.

Prefer to talk?

Leave your name and number and our team will call you back.

We use your number only to call you about this request. Privacy Notice


FAQ's on Internal Audits

A statutory audit gives an opinion on your financial statements. An internal audit looks at how processes and controls work, and how to improve them.

Many businesses review key areas every quarter or year. We suggest a rhythm based on your risks.

We plan requests and meetings to keep disruption low.

Yes, if you'd like support after the report.

Documents Required for Internal Audits

Business Registration Certificate Certificate of incorporation / LLP registration / partnership deed / GST or Udyam certificate (for proprietors).
PAN Card PAN of the business entity (or of the proprietor).
Accounting Records Ledgers and trial balance for the audit period, or software access.
Policies and Process Documents Purchase, sales, payroll and approval procedures (written or described).
Bank Statements For the audit period.

Optional / if applicable

Previous Audit Reports Earlier internal / statutory audit reports and management responses.
Contracts and Agreements Key customer, vendor and lease agreements.
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Questions about fees? Ask us


We also offer:

Virtual CFO Services
Internal Audits
Quality Audits
Fixed asset Audits
Management Audits
Due Diligence Audit
Associate with CA / CS / CMA