Approval limits
Who can approve what, up to how much.
All internal audit & controls services
Internal Audit & Controls
Internal Controls Design
FinAura designs internal controls that fit a company of ten or five hundred people, not a bank: who approves what up to which amount, which duties are kept apart, which reconciliations and reviews happen and when, and how your software enforces them. Controls are written down, built into your systems and explained to the people who run them.
- Chartered Accountant-led
- Bangalore and across India
- Reply within one business day
What is covered
What Internal Controls Design Covers
Simple controls that people actually follow.
Segregation of duties
No one person controls a whole flow.
Reconciliations
What is checked, how often.
Reviews
Monthly checks by management.
System controls
Built into your software.
Documentation
Written and explained.
How the month runs
How It Works
Map, find gaps, design, embed.
Step 1
Map
- Processes walked
- Who does what
- Systems
Step 2
Find gaps
- Risks
- Missing checks
- Conflicts
Step 3
Design
- Controls
- Limits
- Reviews
Step 4
Embed
- In software
- Training
- First test
Your part
What We Need From You
- 01Process owners' time
- 02Organisation chart
- 03Access to your systems
- 04Current policies
Our part
What You Get
- A controls framework for your size
- Approval limits and duty separation
- Controls set up in your software
- A team that knows how to run them
A common question
What are internal controls?
The checks built into how work is done: approvals before money is spent, reconciliations that catch errors, reviews that spot unusual items, and duties split so one person cannot both make and hide a mistake.
Good controls are proportionate. Too few and leakage goes unnoticed; too many and people work around them.
See the delegation of authority matrixSystemsEnforced in software
ControlsDesigned to fit
ProcessesAs they run today
Who it is for
Who It Is For
Founder-led companies
Moving from trust to process.
Companies that found a fraud
Closing the gap.
Companies before an audit
Controls the auditor will test.
Fast-growing teams
New people, new risks.
The rules, in plain English
What the Law Says
Companies Act, 2013
Sections 134(5) and 143(3)
Directors report on internal financial controls, and the statutory auditor reports on whether the company has adequate controls that operate effectively, with exemptions for some smaller companies.
Official source: mca.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Internal Controls Design: Questions, Answered
Do small companies need internal controls?
Yes, in proportion. A few well-chosen approvals, reconciliations and reviews prevent most errors and fraud in a small business.
What is segregation of duties?
Splitting a process so that no single person can initiate, approve, record and pay for a transaction on their own.
Will controls slow the business down?
Designed well, no. Limits are set so routine items flow and only significant ones need extra approval.
Can controls be set up in Zoho Books or Tally?
Yes. Both support user roles, approvals and locks; we configure them to match the design.
Often Taken Together
All 12 Internal Audit & Controls services01Internal Audit & ControlsInternal Controls TestingControls tested on real transactions, with evidence, so management and auditors know they operate.02Internal Audit & ControlsRisk Assessment and Control MatrixYour key risks listed, the control for each one defined, and gaps prioritised for fixing.03Internal Audit & ControlsProcess ImplementationNew processes for purchasing, billing, collections or expenses put in place and running, not just documented.04Systems & ControlsPolicies & DocumentationFinance and HR policies, employee handbooks, SOPs and business documentation.05Systems & ControlsSoftware & AutomationZoho Books, Tally Prime and HRMS implementation, migration and automation.