Internal audits are more than a compliance requirement — they are a powerful tool to enhance operational excellence, safeguard assets, and support sound decision-making. At LBC, our Internal Audit Services go beyond ticking boxes. We deliver insights that help you manage risks, improve controls, and optimize processes for long-term success.
Whether you’re a startup scaling operations, an SME tightening controls, or a large enterprise navigating complexity, we tailor our internal audit approach to fit your specific risks, business model, and regulatory landscape.
Our Internal Audit Solutions
Operational & Process Audits
- End-to-end review of business processes for efficiency and control gaps
- Recommendations for cost optimization and resource management
- SOP review and alignment with business objectives
Internal Financial Controls (IFC) Audit
- Design, testing, and assessment of financial control frameworks
- Compliance with Companies Act requirements on IFC
- Identification of gaps and mitigation strategies
Compliance Audits
- Assessment of adherence to applicable laws, industry standards, and internal policies
- Focus on areas like GST, FEMA, labour laws, and sector-specific regulations
- Reporting with actionable remediation plans
Risk-Based Internal Audit
- Prioritized audits focusing on high-risk business areas
- Integration with enterprise risk management frameworks
- Scenario planning for emerging risks (e.g. cyber, data privacy, ESG)
Specialized Internal Audits
- Inventory audits and fixed asset verifications
- Revenue assurance audits
- Fraud risk assessment and forensic reviews
- Third-party and vendor audits
Why Choose LBC for Internal Audit?
- Business-driven audit approach — we focus on adding value, not just highlighting gaps
- Tailored solutions — audits aligned to your size, sector, and risk profile
- Experienced team — auditors with multi-sector, multi-regulatory expertise
- Tech-enabled tools — data analytics and process mapping for deeper insights
Who Can Benefit from Our Internal Audit Services?
- Companies and LLPs seeking to strengthen governance
- Family businesses professionalizing their operations
- Startups and SMEs preparing for funding or scaling
- Organizations with multiple locations or complex supply chains
- Businesses in regulated sectors (NBFCs, fintech, healthcare, etc.)
Internal audit isn’t just about control — it’s about confidence. With LBC, you get proactive, practical audits that help your business stay ahead of risks and unlock operational value.