Insights

companies-fresh-start-scheme-2020

04/10/2020

Companies Fresh Start Scheme, 2020

Ministry of Corporate Affairs, has given a big relief for the Pvt. Ltd./ Ltd. Companies to restart afresh where the companies could not comply with any of the compliance in earlier years

the-most-vulnerable-business-processes

01/02/2020

The most vulnerable business processes

There are many business processes that are vulnerable to frauds. Experience shows that some processes are the favorite hunting grounds of most fraudsters. Some of these include - Accounts Receivables, Accounts Payable, Procurement, Banking Activities, Payroll, Inventory etc. Extra care should be taken in designing internal controls for these business processes.

the-importance-of-internal-controls-in-organizations

01/02/2020

The Importance of Internal Controls in Organizations

Fraud is familiar to organizations large and small. Undetected, it grows quickly in confidence and in size. It is like leaving the cookie jar open and never asking “Who stole the cookies from the cookie jar?” The cookies start disappearing at a faster rate. Business leaders and management need to be vigilant. Internal controls must be in place at all times.

sales-invoice-processing

01/02/2020

Sales invoice processing

No matter how cutting-edge your technology is, how good your manufacturing operation is, how tight your financial goals are or how progressive and proactive thinking your organizations management techniques are, you still must have a sales mechanism in place, or else everything is useless.Sales invoice is a tool that a company uses to converse with clients about the money

risk-mitigation-through-internal-control

01/02/2020

Risk Mitigation through internal control

A risk is anything that can harm an organization. The concept of internal control includes all processes that mitigate the risks an organization faces. The risks an organization faces are numerous like - Assets belonging to an organization can be stolen, mishandled or misused, Misused resources can result in inefficiencies and losses.

modern-trade-mt-challenges-in-dealing-with-modern-trade

01/02/2020

Modern Trade (MT) & Challenges in dealing with modern trade

Modern Trade is also known as key accounts trade when it comes to normal business. It refers to the form of retailing through the large-format stores, where under one roof; a person can get the benefits of multi-options in every product. This place enables one to touch and choose amongst the list of products under a roof with the help of an advisor..

e-commerce-in-india-and-its-challenges

01/02/2020

E-Commerce in India and its Challenges

One of the most happening trends in the market today is E-Commerce. With the rapid increase in mobile penetration and internet usage in the market, this sector is witnessing a spectacular growth in India. As per the report of Goldman Sachs, it is expected that by 2030 E-Commerce industry will cross the landmark figure of $300 billion.

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