Internal Audit

Lochan & Co. worked for the internal audit of one of the first commercial manufacturer of motorized washers to the current market position of being world's number one manufacturer and marketer of major home appliances, This Company has its parent company at USA and has a global presence in over 170 countries.

Our audit process followed a streamlined procedure. We provided Adequate MIS support to our client to satisfy their growing needs of the business. We checked the flow of information among the departments of the organisation.

While executing audit process, staff of Lochan & co discussed on management and accountability with our client, wherever possible and performed test-checks on accounts and documents. We also checked means adopted by our client to safeguard its assets at sites and verified the existence of such assets

We assessed the operating procedures of our client to ensure their compliance with the standardized systems. Our internal audit report contained various sub parts like Introduction, Brief Background, Scope of Internal Audit, and Executive Summary; Follow up of Previous Internal Audit Report, Scope Limitations, annexure supporting Observations and Observations details.

We presented Detailed description of the main findings and provided our client with the information of how to control risk . We also made Recommendations on who is responsible for follow-up of each recommendation.

Our detailed effort bore us appreciation from our clients side and helped our client to follow streamlined procedure.