COVID-19 turned not only our everyday life but also business operations upside down, and that includes how organizations assess and test internal controls. Business processes have had to change in response to the pandemic and our organization has played a big role to strengthen the Internal Audit department to navigate through these challenges.
When it comes to risk management and compliance, most organizations operate on a 3 Lines of Defense model, in which operational management, compliance, and internal audit work together in pair to assess and mitigate risk and manage controls and compliance.
In Blowplast Limited, Internal Audit department provides valuable & objective assurance by assessing and reporting on the effectiveness of governance, risk management, systems & control processes to help the business achieve its vision and compliance objectives.
Blowplast Internal Audit department slogan, Catalysts for improvements, is driven by Independence, Transparency & Accountability. Our department slogan takes inspiration from the organisation’s objectives, values and beliefs; and put to work in the following phases of internal audit activities explained below:
Mitesh Hirani, Internal Audit Manager