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Outsourced Internal Audit That Catches Problems Before They Become Crises
Most growing businesses cannot afford a full-time internal audit function — but they carry the same risks as larger organisations: fraud exposure, process breakdowns, compliance gaps, and financial leakage. Aryan Consultancy provides outsourced internal audit and risk advisory services, giving you the oversight of a professional audit function at a fraction of the cost of in-house hire. With 30 years of experience as a Fellow Chartered Accountant, Siddhartha Agrawal brings depth and independence to every engagement.
What We Cover
Process Audits
End-to-end review of your key business processes — procurement, payroll, inventory, sales, and cash handling. We identify control gaps, document findings, and recommend remediation with practical, implementable solutions.
Fraud Risk Assessment
Review of your organisation's fraud risk exposure across all departments. Covers segregation of duties, access controls, cash handling, vendor management, and payroll. Delivered as a prioritised risk register with mitigation recommendations.
Compliance Reviews
Verification of adherence to applicable regulations — GST, TDS, Companies Act for India; federal and state compliance for US operations. Identifies gaps before they become penalties.
Inventory and Stock Audits
Physical verification and reconciliation of inventory against books. Covers warehouse controls, stock movement documentation, and valuation methodology. Especially relevant for manufacturing, retail, and automobile dealerships.
Industries We Serve
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Manufacturing and engineering
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Automobile dealerships and automotive ancillaries
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Multi-branch retail
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SaaS and technology companies
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Professional services and consulting firms
Frequently Asked Questions
Q: How is outsourced internal audit different from statutory audit?
A: Statutory audit is mandatory, backward-looking, and focused on financial statement accuracy. Internal audit is forward-looking — it reviews your processes and controls to prevent problems rather than report them after the fact. We work alongside your statutory auditor, not as a replacement.
Q: How often do you conduct audits?
A: Engagements are typically quarterly or semi-annual. We also offer one-time diagnostic audits for businesses that want to understand their current risk exposure before setting up a regular cadence.
Q: Do you provide a written report?
A: Yes. Every engagement concludes with a detailed audit report — findings categorised by risk severity, root cause analysis, and prioritised recommendations with implementation timelines.
Q: Can you work with our existing statutory auditor?
A: Yes. We coordinate with your statutory auditor and ensure our work supports rather than duplicates their scope.
Case Study
Automobile Dealership Audit
A multi-brand automobile dealership engaged Aryan Consultancy for a fraud risk assessment after noticing irregularities in vehicle inventory records. The audit identified three control gaps — inadequate segregation of duties in inventory management, absence of three-way matching for parts purchases, and undocumented cash discounts. All three were remediated within 60 days with new controls and process documentation.
About the Author
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This content is developed under the guidance of a Chartered Accountant with over 30 years of experience in accounting, audit, financial reporting, and process design for growing businesses.
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Aryan Consultancy specializes in building structured financial control systems, including approval workflows, audit trails, and operational integrations across accounting platforms such as QuickBooks, Tally, and ERP systems.