Governance, Risk and Compliance Services (GRCS)

Governance, manage risks and ensure compliance

Our GRCS practice helps clients strengthen ‘governance’, manage ‘risks’, and ensure ‘compliance’ to navigate today’s complex business environment. We help our clients in enhancing and streamlining their operations through financial and operational internal auditing, effective risk assessment, building model business processes, creating ERM framework, testing internal controls, etc.

Key Offerings

Enterprise Risk Management

The offering helps clients to not only assess and manage risks but also set up processes that make risk management a sustainable activity
Corporate Governance

We assist directors and management to identify the applicable regulations to better understand the regulatory environment. Our approach combines an analysis of the regulatory framework together with an assessment of the systems and processes which can help to ensure compliance and sound corporate governance
Internal Audit and Financial Controls

The solution helps clients set up their IA functions and undertake risk based internal audits through outsourced and co-sourced arrangements
Model Business Processes

The solution aims at enhancing efficiency and address issues by creating ‘right fit’ operational processes and structures for existing and future business scenarios

Regulatory Compliance

We perform diagnostic reviews to benchmark our clients’ compliance framework practices with KPMG in India’s framework and global leading practices with an aim to identify key deficiencies and develop an implementation roadmap to strengthen their compliance frameworks
Contract Lifecycle Management

Our automated contract lifecycle management tool which helps facilitate contract execution, digitisation and compliance all at one place using new age technologies.
Intellectual Property Advisory

We aim to help clients build a robust intellectual property/asset ecosystem within their organisations which can help mitigate risks and build long-term value.
Contract Governance

KPMG in India can help strengthen and monitor your contractual compliance needs by providing key services such as royalty/license compliance, contract/agreement compliance, reseller and distributor reviews, media reviews, license compliance advisory/software asset management, and open source software services.

Risk Advisory

#RiskMatters – focusing on all matters relating to risk, with emphasis on identifying and tapping opportunities emanating from risks

Forensic Services

Helping clients protect their business from fraud, misconduct and non-compliance

Financial Risk Management Services

Helping clients manage financial risks, limit financial exposures and make dynamic risk/return profile driven investments

Money interest rate increase concept, percentage commission credit. Grow up stock risk management. Bank policy price raise. Businessman with coin, calculate high percentage of company profit dividend

Unlocking Value with Technology

Leveraging technology and keeping innovation at the center of everything

Hand reaching out to digital lock, swirling data, futuristic abstract concept.

Tech Enabled Delivery Centres

Using next-generation technology to enable effective, efficient and agile delivery of services

Regulatory driven and Enterprise Wide Risk Transformation

Assisting clients improve risk management while also trimming costs

Risk Management and Assessment for Business Investment Concept. Business, Technology, Internet and network concept.

Intellectual property and contract compliance

This service helps clients strengthen and monitor their IP and contractual compliance needs

Internal Audit Awareness Month - May

Manoj Kumar Vijai
Ritesh Tiwari
Neeraj Bansal
Rajosik Banerjee
Vikash Somani

Manoj Kumar Vijai

Office Managing Partner - Mumbai & Head - Risk Advisory

KPMG in India

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This Internal Audit awareness month, it is time to recognise the growing significance of Internal Audit as a strategic enabler in an era of volatility and transformation. Internal audit is undergoing a profound transformation. With stakeholder expectations growing and emerging risks—from geopolitics, cyber threats to ESG - reshaping the business landscape, the role of internal audit has expanded far beyond traditional assurance.

The bar for governance and risk management continues to rise, and Internal Audit is central to meeting it with agility, independence, and a deep understanding of the business. Today, it’s about delivering strategic insights, anticipating risks, and enabling resilience. Powered by technology and AI, internal auditors are now equipped to provide sharper foresight, real-time assurance, and greater impact. From identifying gaps to being trusted advisors, internal audit is more relevant than ever - driving integrity, transparency, and value in a rapidly changing world.

Ritesh Tiwari

Partner, Head, Governance, Risk & Compliance Services, Head, Board Leadership Center

KPMG in India

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At its core, Internal Audit is about enabling better decisions, identifying risks before they escalate, and adding value across the organisation. We are partners in performance — not just compliance.

The role of Internal Audit has evolved – from staring in the rearview mirror to crystal gazing and predictive analytics. No longer simply reviewing processes, Internal Audit now serves as the conscience of the Board and Management, offering insights on strategic matters and emerging risks. Today we are stepping into areas like cyber risks, ESG and fraud – and becoming a key voice in boardroom discussions.

Our team is made up of critical thinkers, tech-savvy analysts, and trusted advisors who care deeply about doing the right thing — and doing it well. This month, we are proud to spotlight the work we do, the impact we drive, and the people who make it happen.

Neeraj Bansal

Partner and Head India Global

KPMG in India

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Built on governance

India’s real estate landscape continues to evolve and grow at a healthy pace. From new urban skylines to massive infrastructure rollouts, it’s become one of the key drivers of economic transformation. And as the sector continues to scale, the importance of transparency and accountability becomes more critical.

Behind high-rises, townships and headline investments, lies a deeper foundation - trust. And that’s where internal audit comes in.

In real estate, bricks, leases and projects rests on a foundation of governance. Internal audit helps keep that structure sound. We review areas from regulatory compliance to capital project risks and lease accounting. Our job is to protect value. This month, as we bring more attention to internal audit awareness, we recognise the internal audit professionals helping real estate firms stay accountable, compliant and trusted by stakeholders.

Rajosik Banerjee

Partner and Deputy Head, Risk Advisory and Head Financial Risk Management

KPMG in India

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In today’s complex environment, risk isn’t something to avoid - it is something to navigate with confidence. And that’s exactly where Internal Audit steps in. Internal Audit is evolving - from a control-centric function to a strategic enabler. It helps organisations anticipate change, challenge the status quo, and adapt with agility. As Risk Advisory professionals, we see firsthand how Internal Audit connects the dots across risk, governance, and innovation.

Vikash Somani

Partner

KPMG in India

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The bedrock of every successful business relationship is trust. By strengthening governance, managing risks, and seamlessly integrating controls into business operations, Internal Audit plays a vital role in safeguarding and enhancing trust in a business. Collaborating closely with clients across diverse sectors, I consistently observe the increasing demand for forward-thinking and insight-driven Internal Audit functions. This month, let's celebrate the profound impact these functions have in fostering trust and value creation in today’s dynamic business environment.

IIA India Hyderabad Chapter

In an age of AI and automation, the differentiator for internal auditors isn’t just about mastering the tools – its about cultivating the right mindset. The audit toolbox is evolving-fast. From robotic process automation (RPA) to advanced analytics and now, agentic AI-automation isn’t just enhancing audit efficiency; it is expanding the very scope of what auditors can do.

But technology alone is not the differentiator. What matters is:

Knowing what to automate
Interpreting the ‘why’ behind the data
Collaborating across functions to generate actionable insights
Being both AI-literate and business fluent while maintaining human judgment at the core

As controls and compliance become increasingly tech-driven, the human edge will come from how auditors build trust, tell stories with data, and navigate ambiguity with confidence. It’s not just about being audit-ready – it’s about being future-ready.

Hear from the experts

Internal Audit Awareness Month | Ritesh Tiwari

Internal audit is not just about looking back but looking ahead. With AI and advanced analytics, we can deliver real-time insights and predictive foresight. The auditor's role is evolving into a strategic advisor—shaping future-ready businesses.

Watch now

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