SM Advisory Services Private Limited

Risk Advisory

Internal Audit, risk assessment and business consulting

We work with Companies at all levels – Audit Committees, Managements and Audit Executives to assist in the Internal Audit activities of the entity. Our full outsourcing model or co-sourcing model helps clients to engage us right from setting up the internal audit function to fully managing the function or supplementing the client’s team when they lack adequate staff or specific competencies. We follow risk based approach to Internal Audit. We advise managements on strengthening the internal controls and assist in implementing risk based model and risk mitigating measures.

We provide services in the areas of

Enterprise Risk Management

  • The Enterprise Risk Management process involves enterprise wide establishment of the context (Strategic, Operational, Financial, Compliance), Risk identification, Risk analysis & evaluation, Risk treatment, Risk prioritisation and the review & monitoring of the risk & the ERM process.

Control Self Assessment

  • Control Self assessment is a process that puts the responsibility and ownership of risks & controls on the process owners and seeks to garner positive assurances on the effectiveness of the internal controls from the line management

Revenue Assurance

  • Identify revenue risks
  • Develop controls to mitigate the risks
  • Monitor and testing of the controls

Internal Audit

  • Setting up internal audit function for the entity
  • Developing & implementing Risk based audit plan
  • Monitoring of key risks and controls
  • Adherence to Company policies & SOPs
  • Special investigations / forensic audits

Our team has in depth knowledge & experience in various industry verticals such as Aviation, Automobile Sales & Service, International commodities business, Pharmaceuticals, Healthcare, Steel, Plastics, FMCG and Consumer durables.