Business Compliance

Any business process has input, output, an owner, predecessor/successor, embedded controls and KPIs. Adherence to such processes ensures business compliance. Absence of defined business processes leads to gaps and business risk.

We review business processes and help to align them to business objectives. We design, test and implement process controls for our clients and help to establish makerchecker framework. We develop standard operating procedures for businesses to ensure that the interplay amongst process, people and technology achieves strategic objectives.

Does your system satisfy the business requirements? Is it vulnerable to external attacks? Does it have adequate safeguard to ensure business continuity? How is its performances?

We review IT systems to enhance efficiency, identify business gaps and insecure processes, and check adherence to IT policies and procedures.

In an ERP environment, one has to ensure segregation of duties, proper access controls and transactions controls. It becomes difficult to mitigate risk without these controls.

We develop tools to check whether internal controls are active and relevant. We also assist our clients to implement additional controls.

Internal controls of an organization ensures reliability of financial reporting and effectiveness of operations. It is a process that creates a control environment, risk monitoring mechanism and periodic assessment of risks.

We also review effectiveness of internal controls and report noncompliance. For this purpose, we have also partnered with an audit firm to carry out these internal audits.