Audit & assurance

Rootbiz conducts compliance reviews, investigates frauds and misconducts and helps quantify and measure the financial impact of these.

Our audit and assurance services include :

Internal Audit

Internal Audit helps in identifying gaps and loopholes in implementation of policies and procedures laid down by the organization in various day to day functions like Finance, Risk, HR, Statutory compliance etc. Rootbiz internal audit experts initially understand the client’s business needs, the policies and the framework within which the organization operates. Then internal audit systems are finalized to achieve the goals.

Based on the objectives of the organization, our team adopts a “risk based” internal approach which includes:

• Process understanding
• Risk based process audit
• Financial, operational and compliance risk assessment
• Control gap assessment
• Assisting the management in implementing a cost effective remediation plan
• Re-assessing the remediation for effective implementation
• Business process re-engineering & implementation
• SOP compliance and writing

Operational Audits

Rootbiz offers management and operational audit which encompasses a systematic understanding of the strategies and business plans of an organization. This is done to evaluate the efficiency or performance of management .We help to meet organization specific needs and maximize performance within the organization by addressing and focusing on key business concerns.

Financial Audits

Our financial audit team develops audit programs to assess, evaluate, and make recommendations to management about accounting and financial reporting of transactions and happenings. The main objective is to guarantee that the financial activity of the department, unit or function is completely and exactly reflected in the appropriate financial reports and in accord with applicable State and Federal regulations.

Investigative and Forensic Audit

A forensic audit deals with identifying financial irregularities and fraud, misconduct in an organization, business disputes, threats to the organization. Rootbiz offers forensic accounting services to corporate in relation to concerns of fraud, bribery, corruption, money laundering and other forms of financial misconduct

Our teams expertise and skills help investigate sensitive areas where fraud is suspected and develop practical solutions that would aid as a protection measures to mitigate such risks. We conduct our investigations maintaining confidentiality. We are able to bring a high level of independence and objectivity to our forensic accounting assignments.

Information Systems Audit

IT audits is an examination of management controls within IT infrastructure. It not only examines physical security controls but also the business and financial controls that involve information technology systems.

Rootbiz identifies and analyzes the transaction undertaken by the entity with it’s related parties, benchmarks the transactions in order to ensure that the transaction is being undertaken at arm’s length price. By working with Rootbiz, your organization will receive guidance from IT assurance professionals with decades of IT consulting and audit experience across a multitude of industries.

Our audit service highlights

• In-depth study and analysis of existing systems, procedures and controls for proper understanding.
• Suggest strategies for improvement and strengthening the system.
• Confirming compliance with policies, procedures and statutes
• Comprehensive review to make sure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS
• Checking the authenticity of the expenses booked in accounts
• Reporting discrepancies
• Detection and prevention of outflows of
• Issue of Audit Reports under various laws