Internal Audit
Last updated: August 2026 · Reviewed by the Ravel Corporate Advisors team
Growth hides problems — leaking stock, weak cash controls, slow receivables. Our internal audits give you an honest, practical look at how the business really runs, and how to run it better.
Key takeaways
- Finds leakage, weak controls and risk before they cost you.
- Focused on cash, stock, purchases, sales and compliance.
- Practical recommendations you can actually implement.
- Ideal for cash- and inventory-heavy businesses.
What we review
- Cash & bank — handling, reconciliation and controls.
- Purchases & payments — approvals and vendor checks.
- Sales & receivables — billing, collection and credit control.
- Inventory — stock movement and reconciliation.
- Compliance — GST, TDS and statutory adherence.
How internal audit differs from a statutory audit
A statutory or tax audit is a legal requirement focused on your final accounts. An internal audit is voluntary and forward-looking — it examines how your business runs day to day, finding weak controls, leakage and risk so you can fix them before they cause loss.
Our approach
- Scoping — we agree the areas and risks to focus on.
- Fieldwork — we test transactions and controls.
- Findings — a clear report of issues and their impact.
- Recommendations — practical fixes and better controls.
Internal audit works best on clean records — pair with accounting for the sharpest results.