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 meet international accounting standards. Our #client,...
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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 expertise to address the issue effectively. The IPPC Group’s Fraud Control...
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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 , was facing #challenges in implementing IND-AS. The primary issues...
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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, #financialreporting, #compliance, and #operationalefficiency.Our #grc team with rich...
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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 scale of the #audit posed a major hurdle. Our...
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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 framework, but lacked the necessary expertise and resources. Our #Governance, #Risk, and #compliance...
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Denial of exemption under sections 11 and 12 of the Income Tax Act
Our client, a charitable trust, was facing the denial of exemption under sections 11 and 12 of the #incometax 1961, due to the non-filing of Form 10B along with their return of income. They had been claiming exemption for 30 long years and were facing the risk of losing it due to this inadvertent mistake....
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