Perspective on Internal Audit for Coal Mine Developer and Operator (MDO)

The coal mining industry is pivotal in a country's energy landscape, and ensuring compliance and accountability within this domain is a considerable task. Indian coal, mainly confined to the Eastern and South-central regions of India, offers a unique fuel source to the domestic energy market. In coal mining, Internal Audit (IA) plays a crucial role in ensuring the efficiency, effectiveness and compliance of various processes within the industry. As a complex industry, IA must be at the forefront to ensure that the organization follows appropriate regulatory procedures and maintains the highest governance standards.

IA in coal mining takes a comprehensive approach, considering the organisation's need to manage the financial and operational aspects, along with the social and environmental impact of mining activities. This perspective helps ensure the industry’s long-term sustainability and its positive contribution to stakeholders, surrounding communities and the environment.