Redesigning the Internal Audit Organization: BPCL

Redesigning the Internal Audit Organization
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Redesigning the Internal Audit Organization
Summary of Bharat Petroleum Corporation (BPCL)
By 2013, Bharat Petroleum Corporation (BPCL) was ranked 229th in the global Fortune 500 list with revenues of $44.9 billion. The organization had 14 045 employees and operated over 11000 fuel stations and 127 storage units in its four major markets. Because of the expansive nature of the organization, it had 500 auditable units, and each unit had to be audited at least once annually. In total, bout 180 audits were expected annually.
Summary of Audit Problems at BPCL
However, when Dinaker arrived in 2014, he found two significant problems. The first was that o...