Internal Audit
At LGT Growth Ventures, our Internal Audit services are designed to help organisations strengthen internal controls, improve governance frameworks, and enhance operational efficiency. We view internal audit not as a fault-finding exercise, but as a management support function. Our objective is to provide independent insights that help management identify process gaps, manage risks and improve overall control of the environment in a practical and sustainable manner.
Our Approach to Internal Audit
Internal Audit as a Business Support Function
We believe ESOPs work best when they are designed with long-term intent. Our advisory focuses on aligning employee incentives with sustainable value creation rather than short-term outcomes.
Focus on Practical and Relevant Observations
Rather than lengthy theoretical reports, we focus on observations that are relevant to management and aligned with business priorities.
Our Internal Audit Working Process
We follow a structured and transparent internal audit process to ensure clarity, objectivity, and value addition.
01.
Understanding the Business & Audit Objectives
Each engagement begins with understanding the organisation’s business model, operations, risk profile and management expectations from the internal audit.
02.
Audit Planning & Scope Finalisation
An audit plan is prepared outlining scope, coverage areas, timelines and reporting structure, aligned with business priorities.
03.
Process Review & Field Work
We conduct detailed process reviews, discussions with relevant teams and examination of documents and records.
04.
Identification of Observations & Risks
Key observations and control gaps are identified, along with associated risks and root causes.
05.
Reporting & Management Discussion
Audit findings are discussed with management to ensure clarity and factual accuracy before final reporting.
06.
Follow-up & Review Support
Where required, we support management through follow-up reviews to assess implementation of agreed action points.
Scope of Our Internal Audit Services
Process & Control Review
Review of key business processes to assess adequacy of internal controls, segregation of duties and risk mitigation mechanisms.
Compliance & Policy Review
Assessment of compliance with internal policies, statutory requirements and regulatory guidelines relevant to the organisation.
Risk Identification & Assessment
Identification of operational, financial, and compliance-related risks along with their potential impact on the business.
Operational Efficiency Review
Evaluation of process efficiency to identify opportunities for improvement, cost optimisation and better control mechanisms.
Reporting & Management Recommendations
Clear and structured reporting of observations with practical recommendations for management action.
Who Can Benefit from Our Internal Audit Services
Our Internal Audit services are suitable for:
- Promoter-led and family-owned businesses
- Startups and growth-stage companies
- Organisations strengthening governance frameworks
- Companies preparing for investor, lender, or regulatory reviews
Why Choose LGT Growth Ventures for Internal Audit
- Independent and objective audit approach
- Strong understanding of business processes and risks
- Practical, management-focused recommendations
- Clear documentation and structured reporting
- Professional conduct and confidentiality
Let’s Strengthen Your Internal Controls
If you are looking to strengthen governance, improve internal controls, or gain better visibility into business processes, we would be glad to support you through our Internal Audit services.