One of the most important differentiators of business is corporate governance – that impacts the profitability, growth, and sustainability of the business. The corporate governance process is multi-level and multi-tiered – distilled from an organization’s culture, its policies, values & ethics of the people (who run the business), and the...
SOX compliance is a complex and evolving process. No matter if a company used to issue audited financial statements in the past, it must build and maintain the capabilities to comply with the Sarbanes-Oxley Act to understand different factors (potential new costs, current risks of material misstatements, and awareness of...
COVID-19 pandemic has already affected the global economy negatively. In this unprecedented situation, companies must realize the importance of executing and documenting internal control activities. Companies must assess whether the materiality thresholds and levels of precision have to be adjusted for adequately addressing changes to the business as well as...
A corporate governance system is a set of legal, regulatory, and best practice elements. It was not only popular in India but around the world. The global community (investors and lenders) is less likely to add governance risks to the country and industry risks that are already inherent in their...
India’s economic scenario began to alter radically with the commencement of the liberalization process. Globalization has significantly increased the number of players in the corporate market and eventually led to an increase in business risks. However, it also had a positive impact, i.e., it has compelled Indian companies to adopt...