-
Scope
- IFC implementation
-
Approach
- Scenario based Materiality Assessment with sign off & Board reporting
- Design & Operating Effectiveness – Mega Processes
- On-site robust project management
- Suggesting remediation action for deficient controls
- Process Owner and Board & Audit Committee sign off
-
Delivery
- Reporting on Materiality Assessment, ELC, process & control effectiveness
- Control Documentation – Flow Chart, Risk Control Matrix, Control Deficiencies Report, Remediation Testing
- Conceptual Framework Alignment with COSO 2013
-
Value Added
- Develop a framework of Internal Financial Control Assessment
- Develop the process flow, risk and controls for material processes
- Identify Material Weakness
- Facilitate Board certification and ensure full compliance with the provisions of the Companies Act, 2013
Project Details
- Sector: NBFC
- Region: Mumbai
- Year: 2020
- Solution: IFC implementation
- Team Size: 5
