audit management tool and strategy
Transform your company into
Competitive Advantage
How can we help to bridge the gap?
At Hevolv, our risk advisory practice have dedicated internal audit professionals who have a wealth of experience, working with large and small organisations alike, in designing and bringing innovative assurance and advisory solutions to Boards and leadership teams.
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our services
Introduce Best
Services for Business
Internal Control Testing
What are Tests of Internal Controls?
Internal controls are rules and procedures established by a company to ensure business continuity, prevent fraud, and preserve the integrity and accuracy of financial reporting. A test of internal controls is an evaluation of the existing controls, either as part of an official audit or in preparation for an audit, to see if the controls are in place and identify weaknesses.
The purpose of internal controls testing is to see if the controls are properly detecting or preventing material errors or purposeful misstatement in financial reports.
Standard Operating Procedure Development and Implementation
SOPs are written documents or work instructions that detail all of the steps involved in a procedure or process. They help you to
Systematize and standardize your processes and activities across the organization
Define the roles and responsibilities of your employees and ensure accountability and consistency
Comply with industrial and governmental regulations and enhance governance, risk management, and compliance (GRC)
Improve your process performance, quality, and customer satisfaction
Capture and transfer both explicit and tacit knowledge of your processes and prevent information loss
Train and onboard your employees more effectively and efficiently
Select and implement the best solutions (e.g. CRM, ERP) for your process needs and accelerate the transition to workflow
Internal Audit
Our internal audit solutions bring deep expertise and industry- and domain-insight to enhance and protect organisational value through our risk-based and objective audit, assessment, and advisory services.
Businesses are facing complex challenges, change, and disruption in an ever evolving and dynamic business, socioeconomic, and regulatory landscape. These challenges result in new risks and opportunities to organisations. Effectively navigating these opportunities and risks requires an internal audit function that is forward-looking, focused on innovation and continuous improvement. And, has access to all the skills and experiences necessary to delivery timely, relevant, and deep insight as a trusted advisor to Audit Committees and business executives.
As accounting experts with audit backgrounds, we know what good governance and an effective control environment looks like. We identify the root cause of the control deficiencies, design and implement improvements to the related processes and establish a sustainable control environment. Partnering with management and auditors, Hevolv ensures that risks are properly mitigated to instill confidence that internal controls will prevent and detect potential misstatements.
Our internal control deficiency remediation services encompass a wide range of processes, and through our partnership, our clients benefit from expert assessment and recommendations regarding optimization of their controls, due diligence for mergers and acquisitions, IFC Testing, Sarbanes-Oxley compliance, and more. The reviews we provide as part of our internal control solutions ensure clients can improve their reporting operations and remain compliant. Our experts work closely with their internal teams to deliver material weakness and/or significant deficiency remediation services, internal controls management software, and other solutions.
Hevolv approach
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Deep technical and industry skillsets
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Focused on innovation
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Range of sourcing solutions – from fully outsourced and delivery centre capabilities to strategic staffing solutions
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Controls, compliance, and risk management expertise
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Focused on you
We provide you with better information for decision-making regarding the systems and processes that drive your technology, compliance, or operational efforts. Our expertise and technology and innovation focus help you identify opportunities to improve business performance.
Due Diligence for Startups
In the startup world, due diligence refers to the audit process a potential investor undertakes before committing to investing in your business. The aim of due diligence is to check that everything your company says matches up with the data.
Investors also use due diligence to uncover any red flags a startup may have left out of their investment pitch.
There’s no one hard and fast process for due diligence. The intensity of the activity often depends on the amount of investment involved. For example, a startup looking for pre-seed funding will likely go through a less rigorous analysis than a company heading into series A funding.
Sometimes, due diligence can be as simple as a face-to-face conversation at the end of your pitch. Other times, it can involve lawyers, accountants, and a load of paperwork. In these scenarios, investors may want to look at things like your financial numbers and even your personal history. It’s not uncommon for investors to run background checks on potential investee companies!
About Company
who we are
We're on a Mission
to sustainable Long Term growth
At HEVOLV, we provide Enterprise Control Improvement tools and Risk Advisory Consulting Services to aid Organization to implement Internal controls, Policies and Procedures by adopting Industry best practices which helps an Organization to have strong control fundamentals for sustainable Long Term growth.
Contacts
contact details
Our Contacts
Give us a call or drop by anytime, we endeavour to answer all enquiries within 24 hours on business days. We will be happy to answer your questions.
Our Address:
5/9, 1st Floor, Gandhi Salai, Velachery, Chennai - 600042
Our mailbox:
narayan@hevolv.com
Our phones:
+91 98405 30717