Section 134 (5) Advisory Services

New Companies Act 2013 effective April 1, 2014 place immense responsibilities on Directors to understand and certify about Audit, Risk, Internal Controls, Compliance, Frauds and lastly a strong Governance. You should sign off on the Directors Responsibility Statement, only after you are comfortable that the underlying systems, procedures and controls are working.

Section 134(5) requires all companies to have a proper compliance management system to ensure compliance with the provisions of all applicable laws and ensure that such systems were adequate and operating effectively
The DRS or Director's Responsibility Statement applies to Independent Directors as well.

It is extremely difficult for independent directors to evaluate adequacy and operating effectiveness across all three verticals of risk management, internal controls and compliance.

Services

Our specialised risk and compliance consulting help in a few of these areas.
1. Internal Controls - We can review and test internal controls so that you can sign off on effective internal controls with confidence
2. Strong Internal Audit - We have internal audit automation software to strengthen your audit process
3. Compliance System - Many companies are now implementing legal compliance software to manage complex compliance requirements and to meet compliance sign off needs.
4. Risk Management - We are leading trainers in Enterprise Risk Management Trainings, ISO 31000 Trainings. Risk Management is embedded in many sections of the Act and Clause 49 Listing requirements
5. Recruitment - Soon good audit, risk and compliance professionals will be in short supply. We have a large database of audit, risk and compliance professionals for your hiring needs.

More Info: 
Manoj Jain: 9833767114, manoj.jain@riskpro.in

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