Our Services | Mark and Associates LLP

Risk Advisory Services

Risk advisory services involve identifying, assessing, and managing various business risks, financial, operational, regulatory, cyber, and reputational. These services are crucial for industries such as banking, manufacturing, IT, and financial services, where effective risk management is integral to resilience and growth.

Advisory support is provided using a risk-based internal audit approach that targets high-risk areas for better resource deployment. Internal controls, governance mechanisms, and compliance structures are assessed to help reduce exposure to adverse events. Emerging risks and regulatory developments are also addressed proactively.

Professionals collaborate closely with management to embed a strong risk-aware culture throughout the organization. Detailed risk reports and actionable recommendations enable informed decisions and improved control systems.

Mitigating Business Risks with Structured Advisory Solutions: Organizations are guided to improve operational resilience, ensure regulatory alignment, and foster long-term sustainability.

Internal Audit

Internal audit is a risk-based assessment of internal controls, operations, and compliance. It is important for organizations of all sizes to safeguard assets and improve process efficiency. A strategic, sector-specific audit approach is adopted to provide actionable insights and enhance governance.

Management Audit

This audit reviews management functions, resource usage, and strategic decisions to improve business performance. It is suitable for growing businesses or those undergoing restructuring. The audit approach identifies inefficiencies and provides clear recommendations to strengthen leadership effectiveness and cost optimization.

SOP – Design & Review

SOP (Standard Operating Procedure) design and review ensures processes are documented, efficient, and consistent. It benefits startups, scaling firms, and any business streamlining operations. Assistance is provided in drafting, refining, and validating SOPs tailored to industry and functional needs.

IFC Testing

IFC (Internal Financial Control) testing evaluates controls over financial reporting as per Companies Act, 2013. It's mandatory for companies meeting specified thresholds. Detailed walkthroughs, control tests, and documentation reviews are undertaken to support robust compliance and financial integrity.

Operational Audit

Operational audits assess the efficiency and effectiveness of day-to-day activities. Manufacturing, service, and logistics firms benefit most from this. Auditors identify cost leakages, process gaps, and suggest practical solutions for continuous improvement.

Cyber Security Audit

This audit checks IT systems, data security, and cyber-risk controls against standards and threats. It is critical for any business handling sensitive customer or financial data. The process involves collaboration with IT experts to conduct in-depth reviews covering infrastructure, policies, and response plans.