Internal audit is changing fast. The old yearly audit model is no longer enough in today’s business world of massive data, instant transactions, and rising cyber threats. Companies now face complex fraud and faster risks, which means audit teams must adopt technology to provide real-time assurance. With tools like AI, data analytics, RPA, and blockchain, audits can detect risks instantly, prevent losses, and give management real-time insights. By building a clear technology roadmap, upskilling auditors, and focusing on business value, internal audit can move beyond compliance to become a strategic partner that strengthens risk management and supports smarter decisions.

India's Financial Intelligence Unit (FIU-IND) has mandated comprehensive cybersecurity audits for all Virtual Digital Asset (VDA) service providers, including crypto exchanges and custodians. These audits, to be conducted by CERT-In approved auditors, signal a major shift towards a more secure and regulated crypto ecosystem in India. The move aims to combat cybercrime, money laundering, and boost investor confidence, bringing the crypto sector in line with traditional financial regulations. Firms must now prioritize compliance, update security protocols, and prepare for the new PACT certification, marking an end to lax security practices.

This blog provides a simple guide to help taxpayers differentiate between genuine and fraudulent income tax notices. It outlines five key verification steps, such as checking the DIN and sender details, to prevent falling victim to financial scams.