// The core business of RVB — delivered directly
The capabilities of a large firm.
The agility of a small one.
A comprehensive range of risk advisory services — value enhancement and risk governance for every business process. We are recommended and referred for value-driven, quick, and customized solutions.
// What we deliver
The full risk advisory catalogue
Internal Audit
- Internal audit outsourcing & co-sourcing
- Internal audit transformation
- Risk Driven Process Excellence Audit
- Stock audits, store audits & mystery audits
- Asset verification & investment verification
- Pre-audit
Internal Financial Controls & SOX
- IFC framework implementation & testing
- SOX framework implementation & testing
- Automation of compliance monitoring
Enterprise Risk Management & CxO Advisory
- ERM framework design & risk register monitoring
- Enhanced risk assessment to prioritize and surface emerging risks
- CxO advisory — clarity for MD/CEO/CFO decision-making
- Corporate Governance monitoring solutions, complemented by RVB Governor (BETA — NOW LIVE)
Compliance Monitoring
- Internal / policy compliance monitoring
- External / statutory compliance monitoring
Soon systematized as RVB Sentinel, our lean compliance management system.
Fraud Risk & Investigation
- Fraud investigation — discreet, thorough, evidence-based
- Anti-fraud controls review
- Whistle-blower complaints monitoring
Process Excellence
- Process re-engineering & efficiency improvement
- Working capital optimization
- Cost optimization
Governance Documentation
- Standard Operating Procedures — development & update
- Delegation of Authority — development & update
- Segregation of Duties charts — development & update
IT Controls & ERP
- IT General Controls (ITGC) review
- ERP selection & implementation support
- ERP post-implementation review
- Process automation support
Beyond risk advisory
Need help with GST, Income Tax, M&A advisory, or other specialized services? These are delivered through trusted members of the RVB network — and we coordinate the engagement end to end for you.*
*Services other than risk advisory are handled by independent member firms of the RVB Expert Collaboration Network. Risk Vigilant Bharat facilitates and coordinates these engagements.
// Why RVB
Six ways our audits are different
01 · PARTNER-LED
Senior members (10+ years) actively guide planning and performance. High-risk items are reviewed directly by seniors — not delegated down.
02 · RISK-BASED & INDUSTRY-FOCUSED
Risks specific to your industry are identified first; audit effort and client support concentrate on the areas that genuinely matter.
03 · DYNAMIC
Procedures adapt to your control environment and to changing business needs — not to a template. Our teams work from comprehensive, continuously evolving audit work programs powered by the Knowledge Engine — so every engagement benefits from the freshest industry-specific risks and test procedures, with no coverage gaps from stale checklists.
04 · TECHNOLOGY-DRIVEN
Real-time data collaboration, live status visibility for clients through GlassBox, and data analytics that bring efficiency and depth to testing.
05 · MULTIDISCIPLINARY
Industry and functional experts support the core team as needed — an enhanced level of sophistication and quality on demand.
06 · TRANSPARENT
Agile, risk-based internal audit with open communication from planning through conclusion. You always know where things stand.
// Resource deployment
The inverted triangle of risk & effort
Our team deployment is planned to reduce cost and effort on low-risk areas and concentrate attention where the exposure is real. Coverage aligns to key risks; the process stays flexible, sustainable, and continuous — so you can respond quickly in any scenario.
- Gaps in risk coverage identified and mitigated
- Enhanced risk governance and risk-culture sponsorship from the top
- Better coverage of higher risks, at lower total cost
Inverted Triangle — Risk & Effort
Width of each band = share of senior effort. Maximum expert attention where risk is highest; automated coverage where it is lowest.
// How an engagement runs
The audit life cycle
PHASE 01
Audit Planning
- Risk-based scope proposed from industry & company experience
- Prior open items assessed; audit protocols co-developed
- Opening meeting orients process owners to the approach
OUTCOME → Engagement letter: detailed scope, protocols & schedule
PHASE 02
Process Understanding
- Objectives, flow, responsibilities & authorities mapped
- Interviews, walkthroughs, policy reviews
- Manual and automated systems & technology interfaces understood
OUTCOME → Risk & Control Matrix, work program, macro design gaps
PHASE 03
Test Plan Execution
- Design effectiveness: what-if analysis, SoD, IT access rights
- Operating effectiveness: sample testing & data analytics
- Sampling per ICAI Standards on Internal Audit
OUTCOME → Design and transactional issues, substantiated
PHASE 04
Reporting
- Observations discussed with process owners & management
- Remediation action plans co-developed
- Final report to Management and Audit Committee; plan updated for next period
OUTCOME → Exception-based report: observations, implications, root cause, recommendations, ownership
PHASE 05
Follow-up & Implementation Support
- Follow-up reviews conducted through GlassBox
- Sentinel-assisted reminders to each responsible person for action-plan implementation
- Evidence reviewed on implementation; support in creating & updating action plans
OUTCOME → Verified implementation — action items closed on reviewed evidence
Depending on management priorities and the risk assessment, a tailored project life cycle is presented for other engagement types as well — such as Fraud Investigations, Process Transformation, Control Framework Implementation, and Whistleblower Desk Management.
// What lands on your desk
Deliverables built for decisions
Structured, readable reports
No text-heavy walls of prose. Every observation is presented with dedicated focus areas:
- Facts & observations · implications & risk
- Root cause and nature of deficiency
- Practical recommendations with management comments
- Implementation responsibility with timelines
- Key observations & action-item tracker for Board and Audit Committee
Real-time client dashboards
Personalized, password-protected webpages for every client — in addition to regular reports:
- Online comments & status dashboard
- Action-item tracker across projects (IA, IFC…) on one page
- Customized views: by process, implementation status, progress
- Online document repository for all deliverables
This philosophy is becoming a product: GlassBox, the transparent digital audit office of the Audit Grid ecosystem.
Tell us where your risks live.
Value-driven, quick, and customized — the way risk advisory should be.