Case Study
NBFC
Scope :
IFC Implementation
IFC Implementation
Year
2020
Sector
NBFC
Region
Mumbai
Team Size
5
Solution
IFC Implementation
APPROACH
- Scenario based Materiality Assessment with sign off & Board reporting
- Design & Operating Effectiveness – Mega Processes
- On-site robust project management
- Suggesting remediation action for deficient controls
- Process Owner and Board & Audit Committee sign-off
DELIVERY
- Reporting on Materiality Assessment, ELC, process & control effectiveness
- Control Documentation – Flow Chart, Risk Control Matrix, Control Deficiencies Report, Remediation Testing
- Conceptual Framework Alignment with COSO 2013
VALUE ADDED
- Develop a framework of Internal Financial Control Assessment
- Develop the process flow, risk and controls for material processes
- Identify Material Weakness
- Facilitate Board certification and ensure full compliance with the provisions of the Companies Act, 2013
