Audit & Assurance
Gain Business Resilience by keeping a keen eye on your finances
What Internal Audit Actually Does for You — Chennai’s Trusted Audit & Assurance Team
Internal audit is not a compliance formality. It is the one function in your business whose only job is to tell the promoter the truth — about where money is leaking, where controls have quietly broken down, and where the next problem is building. Statutory audit tells you whether last year’s numbers are true. Internal audit tells you whether next year’s numbers are safe.
At C&B, we run internal audit the way a promoter would run it if they had the time — walking the floor, questioning the process, testing the data, and reporting straight to the people who own the risk.
How We Work — Risk-Based Audit Methodology
Every engagement starts with a question: what would hurt this business the most if it went wrong? That question drives our audit plan, not a template, not a checklist. We spend time on the shop floor, at the billing counter, in the stock godown, and inside your ERP data. We test transactions, not just documents. We reconcile the system against reality.
And when we find something, we tell you plainly with the number, the cause, and what to do about it. We believe in a collaborative approach. Our team works closely with your organisation to understand your specific needs and objectives. We provide actionable insights and recommendations to help you make informed decision.
Our Internal Audit Process — Step by Step
Step 1 — Risk Conversation
We sit with the promoter and CFO to understand what keeps them awake. This shapes the entire audit — no template, no boilerplate.
Step 2 — Audit Plan
We agree the scope, the coverage cycle, the reporting cadence, and the point of contact. You know exactly what will be audited and when.
Step 3 — Fieldwork
Our team is on the ground and in your ERP. We test, verify, walk through, and document — visibly and without disrupting your operations.
Step 4 — Report & Follow-Through
Findings are shared with management first, then reported with the number, the cause, and the recommendation. We track closure until it is done.
Internal Audit Services We Offer in Chennai
Internal Audit
Independent, risk-based review of your operations, controls, and compliance — designed to find what management cannot see from the office.
Process Audit
End-to-end review of a single business process — procurement, sales, payroll, inventory — to find leakage, delay, and control gaps.
Internal Financial Controls Review
Testing of the controls that protect your financial reporting — required for larger companies, useful for every company preparing to scale or raise capital.
Revenue Assurance Audit
Deep-dive into your revenue cycle — billing, collection, discounts, waivers, credit notes — to recover leakage that routine audits miss.
Stock & Inventory Audit
Physical verification, valuation review, and reconciliation — including bank stock audits for CC and OD facilities.
Payroll Audit
Verification of payroll accuracy, statutory deductions, ghost employees, and cost trends — often pays for itself in the first cycle.
Branch & Multi-Location Audit
Standardised audit of branch performance, compliance, and cash controls — essential for retail chains, hospitals, and distribution networks.
Forensic & Investigative Audit
Targeted investigation when fraud, pilferage, or misappropriation is suspected — evidence-led, discreet, and admissible.
GST Health Check
Review of your GST positions, input tax credit, and annual reconciliation — before the department does it for you.
IT & ERP Controls Audit
Review of access rights, master data integrity, and configuration controls in Tally, SAP, Oracle, or your custom ERP.
Virtual CFO & MIS Assurance
Independent review of your MIS, cashflow, and management reporting — so what reaches the board is decision-grade, not comfort-grade.
SOP Design & Controls Advisory
Where controls are missing, we design them — clear SOPs, delegation matrices, and approval workflows the team will actually follow.
Hospital Revenue & Operations Audit
Specialist review of hospital billing, discounts, package pricing, pharmacy, and stores — built on real field experience in healthcare.
What Our Work Has Delivered for Clients
What we’ve done for some of our best clients
- A retail client used our monthly reporting structure to expand from one branch to a multi-branch operation without losing financial visibility.
- A payroll audit at a mid-sized client surfaced duplicate payments and ghost entries, which management removed to cut monthly payroll cost meaningfully within one cycle.
- Continuous stock ageing reviews at a retail client improved inventory turnover and released working capital that had been locked in slow-moving stock.
- Process audits at a software client surfaced compliance gaps early enough for management to close them before they became statutory issues.
- Meticulous audit procedures at multiple clients have detected employee pilferage and vendor collusion that would not have been caught by routine reviews.
- Monthly expense reviews at a client identified excessive packing and selling costs, which management reduced significantly in the following quarter.
- Cost-benefit analyses provided during audits have helped management decide on capex, branch closures, and product-line rationalisation.
Internal Audit for Promoter-Led Businesses — ₹50 Cr to ₹1,000 Cr Turnover
We work with promoter-led businesses between ₹50 crore and ₹1,000 crore in revenue — the size where a mistake is expensive but a full-time internal audit team is not yet viable. Our clients operate in textile retail, hospitals and healthcare, jewellery, manufacturing, and software services, across Tamil Nadu, other Indian states, and the Gulf.
If you are a promoter, CFO, or Audit Committee member and you want an internal audit function that pays for itself — talk to us.
Frequently Asked Questions
What is the difference between an internal audit and a statutory audit?
An internal audit is conducted by an organisation’s own staff or external consultants to assess internal controls, risk management, and operational efficiency. A statutory audit is mandated by law and conducted by an independent auditor to verify financial statements and ensure compliance with accounting standards.
How often should an internal audit be conducted?
The frequency of internal audits depends on various factors such as business size, industry, risk profile, and regulatory requirements. Generally, annual audits are common, but some organisations may opt for more frequent reviews of specific areas.
What are the benefits of a process audit?
A process audit helps identify inefficiencies, bottlenecks, and areas for improvement within an organisation’s operations. It can lead to cost reductions, increased productivity, and enhanced customer satisfaction.
What is the role of management in the audit process?
The management is responsible for providing access to information, resources, and personnel. Effective communication between management and the audit team is essential for a successful audit.
Can you help with fraud prevention?
Yes, fraud prevention is an integral part of our audit and assurance services. We assess your company’s vulnerability to fraud and provide recommendations to strengthen your internal controls.
Don’t Let Financial Uncertainties Hold You Back
Contact us today to discuss your audit and assurance needs
