Date and Time:
November 16, 2017 9:00 AM - 5:00 PM
Event Location:
Hotel Radisson GRT, Chennai, India
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 Chennai on 16th November, 2017.
Topics Being Covered:
Session 1:
What is Internal Financial Control
o IFC under Companies Act, 2013
o IFC – Common Myth
Session 2:
Expectations of Management and Board towards IFC
o Approach, Planning and Methodology
o Challenges faced by the Management
o Entity Level Controls vs. ERM
Session 3:
Auditor’s Role Towards IFC
o Integrated Reporting
o Key Process and Control Assessment
o Responsibility in case of unlisted companies
o Combining and Planning the audits
o Understanding the risk of fraud
o Communication Consideration
Session 4:
Changing Dynamics of IFC
o Challenges
o SOX/IFC Global Scenario
o Solutions
- Data Analytics
- Controls Automation
- Continuous Controls Monitoring
- Rationalisation of Controls
Speakers
- S. Ravi Veeraraghavan – Partner, Enterprise Risk Services – Deloitte Haskins and sells
- Shankar Raman – Director – Deloitte Haskins and sells
