Case Study on Ensuring Compliance in Adoption of (IFRS) to an MNC Client Our MNC client, a market leader in multiple countries, encountered complexities in financial reporting due to diverse accounting standards across regions. They recognized the importance of IFRS adoption to streamline financial reporting, improve transparency, and enhance credibility with stakeholders. However, the client’s...
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Developing a Whistleblowing Framework in Nonprofit Entities
Case Study on Providing Litigation Support under ROC, FEMA & RBI to the Construction Industry Our client, a prominent nonprofit organization, was concerned about the lack of a robust whistleblowing framework within their entity. The absence of a structured system to report fraud, embezzlement, and misuse of charitable funds posed a significant risk to their...
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Best Practices in Internal Audit-Comprehensive Guide to Effective Auditing
In the dynamic landscape of modern business, internal audit assumes a pivotal role in upholding organizational integrity, ensuring compliance, and fostering operational excellence. It stands as a sentinel of assurance, meticulously navigating the complexities of processes, controls, and regulations to safeguard the very core of businesses. Understanding Internal Audit and Its Importance At the core...
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Case Study on Streamlining System and process of business and support functions of the IT Industry
Case Study on Streamlining System and process of business and support functions of the IT Industry Our client, a prominent #IT company, encountered challenges in managing and optimizing their business and support functions. The lack of standardized processes and documentation led to inefficiencies, inconsistencies, and increased operational costs. Additionally, the client struggled with outdated systems and technologies,...
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Implementing IFRS Conversion
Case Study On Implementing IFRS Conversion The #textile #sector is a highly competitive and constantly evolving industry. The global nature of the industry and its complex supply chains require standardized accounting practices to ensure comparability and consistency in financial reporting. Implementing International Financial Reporting Standards #ifrs is critical for textile companies to stay competitive and...
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Fraud Prevention & Setting up Fraud Control Unit
Case Study On Fraud Prevention & Setting up Fraud Control Unit Our #client , a leading #fintech company, was facing #challenges in #fraud prevention and control. They were experiencing high instances of fraud, which impacted their financial stability and reputation. Their existing fraud prevention and control systems were not adequate, and they lacked the necessary...
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Implementation of IND-AS in Housing Finance Company
Case Study On Implementation of IND-AS in Housing Finance Company #HousingFinanceCompanies (HFCs) play a crucial role in the Indian economy by providing affordable housing finance to people. The implementation of Indian Accounting Standards (IND-AS) has significantly impacted the #hfc #sector , requiring them to follow new guidelines and disclosure requirements.Our client, a leading #hfc ,...
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Best Practices for NBFC Sector
Case Study On Best Practices for NBFC Sector We are excited to share our success story of helping a leading #nbfc in conducting a thorough and effective #internalaudit.Our client had been facing challenges in identifying and mitigating risks in their operations and complying with #regulatory requirements. They needed a comprehensive #internalaudit to assess their #internalcontrols,...
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Conducting Retail Audits at Various Locations
Case Study On Conducting Retail Audits at Various Locations Our client, a leading #fmcg company, faced a significant challenge in conducting retail #audits at 300 locations spread all over India in just 15 days. The client needed accurate data to assess the performance of their products in the market, but the short timeline and large...
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Best Practices for Fintech Companies: SOPS, RCM, and Internal Control
Case Study On Best Practices for Fintech Companies: SOPS, RCM, and Internal Control Our client, a #fintech Company, was struggling to create #standardoperatingprocedures (SOPs), implement a robust Risk and Control Matrix (#RCM), and conduct an Internal Control over Financial Reporting (#ICoFR) activity. They needed to ensure compliance with regulatory requirements and improve their risk management...
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