Azebon Services specializes in understanding the unique operational dynamics of the Food & Beverage (F&B) industry. Our industry-specific experience gives us a strong advantage in delivering effective and value-driven internal audit services tailored to the needs of restaurants, cafes, cloud kitchens, and food chains.

The B2C (Business-to-Consumer) model commonly followed in the F&B sector makes businesses more vulnerable to operational risks such as pilferage, overstocking, inventory wastage, and cash shortages from daily collections. In such an environment, a strong internal audit function plays a crucial role in controlling losses, improving efficiency, and strengthening business controls.

A. Scope of Work

At Azebon Services, our F&B internal audit scope focuses on strengthening operational efficiency, controlling revenue leakages, and improving financial and inventory management systems.

Our scope of work includes:

• Reviewing the project management process involved in opening new outlets, including timelines, budgeting, and execution controls.
• Evaluating the Budget vs. Actual performance to assess the effectiveness of financial planning and cost control systems.
• Reviewing the integration of inventory management systems (manual or automated) with food preparation processes and final sales recording.
• Conducting a compliance health check, including state-level and local statutory requirements applicable to F&B businesses.
• Reviewing systems designed to prevent revenue leakages and minimize wastage of raw materials and finished goods.
• Assessing the availability and effectiveness of business analytics, such as:
  
  • Average Order Value (AOV)
  • Seasonal sales fluctuations
  • Customer acquisition cost from various channels
  • Table rotation time and service efficiency
• Reviewing food costing systems to ensure accurate pricing and profit margin management.
• Conducting physical verification of inventory on a sample basis to identify discrepancies and control risks.
• Reviewing the payroll process, including attendance tracking, wage calculations, and statutory compliance.