Upma Khera, Author at I.P. Pasricha & Co.

How Internal Audit Teams Can Accelerate AI Adoption

Artificial intelligence (AI) is rapidly transforming how businesses operate, and internal audit teams are no exception. As organizations seek greater efficiency, accuracy, and insights, AI offers a promising path forward. However, successful AI implementation in internal audit requires more than just adopting the latest technology—it calls for a strategic and thoughtful approach.Below are several steps...

Upma KheraSeptember 29, 2024

Financial Strategy, Forecast, Budgeting, Financial Projections, Business Planning, Agile Finance, Strategic Planning, Financial Health, Business Success, ippcgroup, Financial Insight, Financial Management, Corporate Finance, Business Growth, Finance Leaders, Financial Excellence, Finance Tips, Business Resilience, Financial Stability, Future of Finance, CFO, Leadership, SMB Finance

Accounting Advisory 11

Beyond the Basics: Elevating Your Financial Strategy with Forecasts, Budgets, and Projections

Financial Planning & Analysis (FP&A), budgets, forecasts, and projections each play unique and crucial roles. However, many businesses often struggle with understanding how to utilize these tools effectively. Here’s a closer look at how these financial instruments differ and how to best implement them for strategic success. Rolling Forecasts: The Backbone of Agile Financial Planning...

Upma KheraAugust 26, 2024

Financial Reporting, ICOFR, Compliance, Internal Controls, Audit, Risk Management, Corporate Governance, Financial Transparency, Business Compliance, ippcgroup, Financial Integrity, ICOFR Compliance, Business Assurance, Business, Business Entity, Latest Blog, Informative Blog.

Accounting Advisory 11

Strengthening Internal Control Over Financial Reporting (ICOFR): Essential Requirements for Entities

In the rapidly evolving world of financial oversight, Internal Control Over Financial Reporting (ICOFR) has become a cornerstone for maintaining transparency and accuracy. For organizations seeking to uphold rigorous standards, understanding and implementing ICOFR requirements is crucial. This blog delves into the key aspects of ICOFR, offering insights into how entities can excel in their...

Upma KheraAugust 26, 2024

Accounting Advisory 11

Mastering Financial Stability: The Strategic Role of Virtual CFOs in Risk Management

Introduction to Virtual CFO Services In today’s dynamic business environment, the role of a Virtual CFO (VCFO) has emerged as a strategic imperative for small to mid-sized businesses. These professionals provide essential financial oversight and risk management expertise without the cost burden of a full-time CFO. This article explores how Virtual CFOs are reshaping risk...

Upma KheraJune 17, 2024

Accounting Outsourcing 9

Optimizing Business Costs: The Top 5 Ways Outsourcing Saves Your Money

Effective financial management is crucial for businesses, yet many struggle with overspending and inefficient operations. In the United States alone, 82% of small businesses face challenges in managing their finances. This dilemma often arises from the high costs associated with maintaining in-house accounting departments. However, there’s a strategic solution gaining traction across industries: outsourcing. Discover...

Upma KheraJune 14, 2024

Accounting Outsourcing 9

The Benefits of Outsourcing Your Accounting and Bookkeeping

Understanding Outsourced Accounting and Bookkeeping Services In today’s business landscape, outsourcing accounting and bookkeeping services has become a strategic move for many companies. This practice involves entrusting financial tasks to external parties, offering several advantages over traditional in-house setups. Why Outsource Bookkeeping Services? Many small and medium enterprises (SMEs) face challenges in maintaining an effective...

Upma KheraJune 6, 2024

Tax and Regulatory 24

Preventing GST Frauds: A Comprehensive Guide for Businesses

The Goods and Services Tax (GST) system, introduced to simplify taxation, still grapples with complexities that create loopholes for fraudulent activities. Fraudulent entities exploit these gaps, causing significant revenue losses for governments and financial losses for innocent taxpayers. Despite increased vigilance by authorities, numerous instances of GST fraud continue to persist, necessitating proactive measures from...

Upma KheraMay 29, 2024

Tax and Regulatory 24

Transfer Pricing in India: Balancing Compliance and Tax Efficiency in a Globalized World

In today’s globalized business environment, multinational enterprises (MNEs) face various cross-border tax challenges. One critical aspect of international taxation is Transfer Pricing, a method that allows MNEs to allocate profits between related entities located in different countries. This blog delves into the intricacies of Transfer Pricing in India, its applicability, methods, and the importance of...

Upma KheraMay 24, 2024

Audit and Assurance 23

How Auditors Are Leveraging AI to Transform Their Work

Artificial Intelligence (AI) is revolutionizing the auditing profession, offering unprecedented access to data and enhancing the ability to focus on professional judgment and analytical tasks. Here’s how AI is transforming the audit landscape. The Power of AI in Auditing Auditors are increasingly adopting AI to improve efficiency and accuracy. Traditional auditing involves manually reviewing data...

Upma KheraMay 23, 2024

Tax and Regulatory 24

GST Registration Challenges: Understanding Physical Verification Disputes

GST registration is a critical requirement for businesses in India. However, one challenge that businesses often face is the cancellation of their GST registration due to issues arising from physical verification. This problem can stem from a variety of factors, including failure to follow the proper procedure outlined in Rule 25 of the 2017 CGST...

Upma KheraMay 3, 2024

Financial Statement Audit

Accounting Advisory

Governance, Risk & Compliances

Forensic Audit & Fraud Investigation

Business Establishment

Transaction Advisory

Technology Solutions

Financial Statement Audit

Accounting Advisory

Governance, Risk & Compliances

Forensic Audit & Fraud Investigation

Business Establishment

Transaction Advisory

Technology Solutions

Financial Statement Audit

Accounting Advisory

Governance, Risk & Compliances

Forensic Audit & Fraud Investigation

Business Establishment

Transaction Advisory

Technology Solutions

Financial Statement Audit

Accounting Advisory

Governance, Risk & Compliances

Forensic Audit & Fraud Investigation

Business Establishment

Transaction Advisory

Technology Solutions

Consulting services

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