Contact Me
arvindmodi@trchadha.com
Ahmedabad
Internal Audit
Mr. Arvind Modi is a Senior partner with the firm heading Ahmedabad Branch and overseeing Chennai Branch. He is also the Chief Development Officer of the firm and overseeing the development of the practice.
He has been associated with the firm for more than 21 years now and has experience in GRC practice, Internal Audits and Concurrent Audits of both Public and Private sector organizations including Banks. He has also done many international assignments.
He has composite experience in servicing large and medium sized clients in the spheres of Auditing, Forensic, Investigation work, Lenders Monitoring Audit, Trust and Retention Audits, Enterprise wide risk management, Sarbanes Oxley Compliance services.
As a part of team, he has participated in Part of Developing, reviewing, and implementing Standard Operating Procedures (SOP) and Internal Financial Control (IFC) framework in many organisations.
Practice Areas
Concurrent Audits (Banks, NBFCs, Financial Institutions, Payment Banks)
Concurrent audits are essential for monitoring, evaluating, and strengthening the internal control systems of banks,
Retail Assets & Retail Liabilities Audit
Retail assets and liabilities audits are essential for financial institutions to assess the accuracy, compliance,
Treasury, Forex & Depositories Audits
Treasury, Forex, and depositories audits are critical for financial institutions to ensure accuracy, compliance, and
KYC (includes Video KYC)/ AML Audits
Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance form the foundation of financial sector
Third Party Vendor Audits
Banks, NBFCs, and financial institutions rely heavily on third-party vendors for services such as loan
AR Due diligence
Accounts Receivable (AR) Due Diligence is a specialized audit that reviews the accuracy, validity, and
Stock Audits (for Working Capital Financing)
Stock audits are critical for businesses to ensure accurate inventory management, safeguard assets, and maintain
Revenue & Expense Audits
Revenue and expense audits are critical for ensuring accurate financial reporting, compliance, and operational efficiency.
Branch Statutory Audit (BSA) & Central Statutory Audit (CSA)
Branch Statutory Audit (BSA) and Central Statutory Audit (CSA) are essential for ensuring accuracy, compliance,
Audit under RBI/NABARD/CAG Mandates
Audits under RBI, NABARD, and CAG mandates are crucial for ensuring compliance with regulatory, statutory,
Forensic Audits
Forensic audits are specialized audits conducted to detect, investigate, and prevent fraud, financial irregularities, and
Process-based Internal Audits
Process-based internal audits focus on reviewing business processes end-to-end rather than just compliance checklists. These
IFC, ICFR, SOX Compliance Advisory & Testing
Internal Financial Controls (IFC), Internal Controls over Financial Reporting (ICFR), and Sarbanes-Oxley (SOX) compliance are
Standard Operating Procedure (SOP) & Risk Control Matrix (RCM) Development
Standard Operating Procedures (SOPs) and Risk Control Matrices (RCMs) form the backbone of organizational governance
IT System & ITGC Reviews
Information Technology (IT) systems form the backbone of financial reporting, compliance, and operational processes. IT
Business Continuity & Disaster Recovery Review
Business Continuity Planning (BCP) and Disaster Recovery (DR) reviews assess an organization’s ability to continue
Risk Heat Mapping & Remediation Planning
Risk heat mapping is a structured approach to identifying, assessing, and prioritizing organizational risks by
Internal Financial Controls Implementation & Monitoring
Internal Financial Controls (IFC) implementation and monitoring ensure that an organization’s financial reporting, compliance, and
Process Improvement/ Cost reduction studies
Process improvement and cost reduction studies help organizations identify inefficiencies, eliminate redundancies, and streamline operations.
Automation of Selected Processes
Automation of selected processes enables organizations to leverage technology to streamline repetitiv e, manual, and
CSR Policy Review, Compliance, Spend verification and Impact Assessment
Corporate Social Responsibility (CSR) obligations under the Companies Act, 2013 require eligible companies to not
NGO’s due diligence & Donor Reporting
Due diligence of NGOs is essential for donors, corporates, and funding agencies to ensure that
Project Audits & Monitoring and Evaluation
Project audits and monitoring & evaluation (M&E) are essential for ensuring that development initiatives and
Audit of Agreed Upon Procedures (AUPs)
An Audit of Agreed Upon Procedures (AUPs) is a flexible assurance service where specific procedures
Audit and Assurance (Statutory, Internal Audits, Utilization Certificates and Agreed Upon Procedures)
Audit and assurance services for the development sector go beyond compliance—they provide credibility, transparency, and
Review of regulatory requirements across business functions
Organizations today operate in an environment of rapidly evolving regulatory frameworks ranging from Companies Act,
Indirect Tax Due Diligence
Indirect tax due diligence is essential during mergers, acquisitions, or business restructuring to identify potential
Identification of compliance gaps and risk exposures
Compliance gaps occur when internal policies, processes, or controls fail to fully address statutory and
Compliance Risk Heat Mapping & Control Design
Compliance risk heat mapping is a structured tool that helps organizations visualize and prioritize compliance
Advisory for remediation & control implementation
Once compliance gaps and risks are identified, organizations need practical remediation strategies to address deficiencies.
Reporting framework for continuous compliance monitoring
A robust compliance reporting framework ensures that management, boards, and regulators have continuous visibility into
Assistance in regulatory inspections and audit readiness
Regulatory inspections and audits by authorities such as RBI, SEBI, MCA, or sectoral regulators require
Support in Business Responsibility and Sustainability Reporting (BRSR)
Business Responsibility and Sustainability Reporting (BRSR), mandated by SEBI for the top listed entities, is
Financial Due Diligence (Buy-side / Sell-side
Financial due diligence is a critical process in mergers, acquisitions, and strategic investments, enabling buyers
Fixed Asset Management & Physical Verification Services
Fixed asset management and physical verification are essential for maintaining accurate records, safeguarding assets, and