Internal Control Testing

We recognize the critical role of internal controls in safeguarding the organization against risks. These risks change from organization to organization, for example, the designed processes of procurement, consumption & doctor visit invoicing are more critical for a hospital, whereas hiring, handover & review of people & people oriented processes, are quite critical for a service organization such as IT Companies, Banks, Research wings of Pharma companies. Like our audits, our approach is grounded in a thorough understanding of business processes, a commitment to precision, and the expertise needed to conduct comprehensive ICFR assessments.

Fortify your organization’s operational foundation with our specialized Internal Control Testing (ICFR) services at Pipara. As experienced professionals, our team conducts rigorous testing of organization’s internal controls, scrutinizing processes and systems to ensure they align with industry best practices and regulatory requirements. But it doesn’t stop there, if the processes aren’t functioning as intended, or aren’t effective for the purpose that they have been put in place, we work with the functional heads, on the ground, with the department, to get processes effective. By doing so, we not only understand the difference between a theoretical change vs a practical change, since in theory there may be things that may look like the right change, but these proposed changes may be impracticable at the ground level.

Beyond testing, our ICFR services provide assurance to stakeholders that the internal controls are robust and effective. We are dedicated to ensuring compliance with relevant standards, enhancing the overall governance structure. At Pipara, our Internal Control Testing (ICFR) services are designed to be a catalyst for organizational resilience and transparency. Our ICFR services contribute to transparent governance, fostering trust among stakeholders, investors, and regulatory bodies in your organization’s ability to manage risks effectively.