Internal Audit & Risk Assurance Practice

Independent, evidence-driven internal audit reviews engineered for NBFC and MFI Board Audit Committees (ACB). Specialized diagnostics across Early Warning Signals (EWS), credit underwriting rigor, IRACP asset classification, and portfolio stress testing for JLG, SHG, HL, LAP, RMEL, RPL, and GOLD.

Framework

RBI RBIA Mandates

Asset Classification

SMA-0, 1, 2 & NPA IRACP

Board Deliverable

Audit Committee Dossier

Multi-Asset Portfolio Risk Audit Focus

JLG | SHG | HL | LAP | RMEL | RPL | GOLD

JLG Over-Indebtedness & SMA Tracking Microfinance

Early warning tracking on center dropouts, PAR-30+ migration, multiple lender exposure, and repayment delay patterns before NPA slippage.

SHG Portfolio Stress & Inter-Loaning Group Risk

Verification of internal loan rotation, non-performing cluster flags, ledger audit reconciliation, and group repayment sustainability.

Housing Loans Underwriting & Stage Audit Mortgage Risk

Disbursal vs construction completion discrepancy audits, credit policy deviation matrices, CERSAI asset creation verification, and title defect scrubs.

LAP Collateral Coverage & Valuation Risk High Exposure

Periodic independent property re-valuation audits, distress sale margin buffer checks, LTV drift analysis, and legal enforceability verification.

RMEL Cashflow Realization & End-Use MSME Credit

Detection of fund diversion, working capital rotation audits, seasonal cash flow dip reviews, and stock turnover sanity checks.

RPL NACH Bounce & Early Delinquency Unsecured Retail

First Payment Default (FPD) and Second Payment Default (SPD) cohort analysis, automated e-Mandate success rates, and collection agency performance.

Gold Loan LTV Drift & Price Fluctuation Audit Market Risk

Real-time portfolio re-margining against market gold price changes, 75% LTV regulatory cap breach alerts, overdue pledge auction delay audits, and spurious packet vulnerability assessments.

Deliverables for Board Audit Committee (ACB)

Risk-Based Internal Audit Report (RBIA): Executive presentation ready for Board Audit Committees, Chief Risk Officers, and Statutory Auditors.
Asset Quality & Provisioning Gap Log: Under-provisioning and over-due classification defect analysis aligned with RBI IRACP norms.
Underwriting Policy Remediation Roadmap: Actionable modifications to credit appraisal memos (CAM) and branch sanction limits.

Assurance Practice Multi-Asset RBIA

₹24,500

+ 18% GST • Comprehensive Portfolio Audit

Full Portfolio Sampling across 7 Products

Early Warning Indicator (EWS) Stress Test

RBI IRACP Provisioning Sanity Check

Executive Board-Ready Audit Committee Pack

Book Internal Audit Engagement → Submit Advisory Inquiry

Annual Retainer Option

Need continuous quarterly or concurrent internal audit coverage? Connect with our desk.

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Mariselvam M

Internal Audit & Risk Assurance Practice

Multi-Asset Portfolio Risk Audit Focus

Deliverables for Board Audit Committee (ACB)

Initiate Internal Audit & Risk Assurance