Achromic Point

Description

With advent of new Companies Act, 2013 guidelines, now there are new reporting requirements on the statutory auditors of companies which is to ‘Reporting on Internal Financial Controls’ which requires the auditor to state in his report whether the company has sufficient internal financial controls system in place and the operating effectiveness of such controls. IFC implementation is the prime responsibility of the Management.

It is our pleasure to inform that Achromic Point is organizing a Full day “Masterclass on Internal Financial Control” in the city of Bengaluru on 14^th December, 2017.

Topics Being Covered:

Session 1
What is internal Financial Control (IFC)

• IFC under Companies Act, 2013
• IFC – Common Myth

Session 2
Expectations of Management and Board towards IFC

• Approach, Planning & Methodology
• Challenges faced by the management
• Entity Level Controls Vs. ERM

Session 3
Auditor’s Role Towards IFC

• Integrated Reporting
• Key Process and Control Assessment
• Responsibility in case of unlisted companies
• Combining and planning the audits
• Understanding the risk of fraud
• Communication considerations

Session 4
Changing Dynamics of IFC

• Challenges
• SOX/IFC Global Scenario
• Solutions
  • Data Analytics
  • Controls Automation
  • Continuous Controls Monitoring
  • Rationalisation of Controls
• IFC Road Map

Speakers

• Prasanth Hariharan
  Director – Risk Advisory, Deloitte.

• Viswanadh Kuchi
  Partner, B. K. Khare & Co.

• Ganesh Swaminathan
  Partner – Audit & Assurance, Deloitte

• David George
  Senior Manager – Risk Advisory & Assurance, Deloitte

• Manu Adlakha
  Senior Manager – Risk Advisory & Assurance, Deloitte