Contributed by Huzeifa Unwala, Senior Partner, JHS & Associates LLP The “People” factor in the design of internal controls Global standards state that Internal Control
Adaptation to the drastic changes induced in the corporate environment owing to novel Coronavirus is the need of the hour today. Corporate environment referred herewith
In today\’s times, \’ effective risk management is a real-time play between changing risk appetite, strategy, and performance. Understanding risk appetite is critical to business success. It is the foundational step in strategic planning and integral to decision making. Organisations monitor and evaluate performance regularly; however, they fail to validate their risk appetite with emerging business scenarios, thereby leaving a risky gap in their corporate governance processes.
Mystery audit popularly knowns as decoy customers/ mystery shopping/ secret hopper is a tool used externally by market research companies, vigilant organisations, or internally by companies themselves to measure the quality of service, or compliance with regulation, or to gather specific information about products and services.
SEBI has issued an advisory to listed entities on May 20th, 2020 to disclose the impact of material events of CoVD 19 pandemic. As per SEBI advisory, while the lockdown and disruption are unanticipated and beyond the control of the entities, such events can lead to contortions in the market due to the gaps in the information available about the operations of a listed entity.
