Innovative audit and compliance services

1. Glocal Thinkers
- Global Platform of Opportunities and Solutions
“Innovative Internal Audit and Compliance Services”
www.glocalthinkers.com

2. Agenda
 Glocal Thinkers ‘Innovative Internal Audit and Compliance Services’
 About Glocal Thinkers

3. Glocal Thinkers
‘Innovative Audit and Compliance
Services’

4. 4
Challenges and their Impact in ‘Internal Audit and
Compliance’
Time Consuming
Cost
Audit Quality
Audit Management
Audit Repository &
trail
Customer
proposition
Efficiency
Risks
Response Time
Profitability &
Value
Challenges Impacts
Objectivity Clarity Accuracy Brevity Timeliness Cost Efficient
The 6- pillars of Glocal Thinkers Internal Audit & Compliance Services

5. 5
Our unique Model helps in overcoming challenges and
enabling value creation
Saves Time
Saves cost
Best Quality
Better Management
Web-based Audit
repository
• Vast network of over 600 CAs and Industry experts pan country
• Allows adequate deployment of auditors for subsequent audits
• Geography agnostic, a number of branches and HO can be audited in same day
• Audits done in home location of Auditors hence no requirement of organizations to pay for
hotel, stay, travel or any overhead expenses
• Audits completed in stipulated time and saves organization costs for delayed decisions,
response time and reduces business risks
• All our audits done by vastly experienced Chartered Accountants, Process auditors and
industry experts
• We can provide recommendation for improvements that are practical and implementable
• Audit specifics and process are pre-determined and carried out through IT enabled tabs
upholding high quality, impartiality and objectivity of Audits
• Unique technology that enable Audit Managers of organization access to live streaming of
audits at different locations.
• We offer all clients access to a customized web-based platform with a unique and secured
login ID where audits are uploaded within 24-48 hrs. Audit Managers can view the audits
from any remote locations
• Audits and Live streaming are saved in the web platform with specific search criteria and
serves as a repository.

6. 6
Our complete suite of ‘Internal Audit and Compliance
Services’ [1/2]
Operational Audits
• Evaluation of performance of a particular function or department
• Aimed at assessment of its efficiency and effectiveness.
• Combining elements of financial, IT, and compliance audits, and focus on risks
pertinent to the specific responsibilities of the audited unit.
Compliance Audit
• Evaluation of an the organizations, HO, branches, vendors
• Evaluation of the adherence to established laws, standards, regulations, policies,
and/or procedures.
• Combines Financial and non-financial and process audit elements
• Assessment of organization's legal and compliance gaps for corrective measures
Financial Audit
• Assessment and evaluation of the validity and appropriate statement of budgeting
and accounting information in financial records and the adequacy of related internal
controls, costs, overruns and capital management
• Financial pre-audits to set organizations up for statutory audits

7. 7
Follow-Up Audit
• Purpose is to revisit a past audit’s recommendations and management’s action plans
to determine if corrective actions were taken and are working, or if situations have
changed to warrant different actions.
• Combines Financial, non-financial and compliance audits and determines follow-up
plans
Investigations
• Inquiry into circumstances surrounding suspected incidents of fraud, misuse of
assets, or violations of organizations policies. Investigations are conducted to
determine the extent of loss, assess weaknesses in controls.
• Make recommendations for corrective actions.
IT Audit
• Evaluates controls related to the institution’s automated information processing
systems. IT audits include an assessment of data, networks, hardware, applications,
databases, servers, contracts, software/hardware licensing, security, business
continuity, access authorization, and compliance with the institution’s objectives,
policies, and procedures.
• Goal is to ascertain that IT systems are safeguarding assets, maintaining data
integrity, and efficiently operating to achieve business objectives.
Our complete suite of ‘Internal Audit and Compliance
Services’ [2/2]

8. About Glocal Thinkers

9. About Glocal Thinkers
 Glocal Thinkers is a Knowledge, Consulting and
Technology Company focused on providing
business support solutions to a cross section of
Industries. It provides solutions both through an
online aggregated platform as well as offline
through a face-to-face model.
 Glocal Thinkers operates with a core team of
seasoned professionals, but as a rule draws
upon the strength of an aggregated team of over
2500+ professionals and experts across over 27
industries; including but not limited to Healthcare,
Hospitality, BFSI, Retail, Power, Infrastructure,
Cement, Steel, Food Processing, Real Estate, Oil
& Gas, Heavy Machinery, Information
Technology, Ecommerce.

10. What can we do for our Clients

11. Global Platform of Consultants

12. Why Chose Glocal Thinkers

13. Client Solutions

14. Contact :
DP Umashanker
3704, DLF Phase 4, Gurgaon
Tel : +91 9560977007
+91 124 – 4104160 , 4047532
Email: dp.umashanker@glocalthinkers.com
Website: www.glocalthinkers.com