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| Business
Scenario : |
Global competitive
pressures and increased attention to corporate governance
has enhanced the importance of the Enterprise Risk Assurance
function. |
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| Internal auditors
have tremendous opportunities to take on a larger role
through the Enterprise Risk Assurance function, thereby
reaffirming and increasing their value to top management
and directors – their key internal stakeholders.
The Management Services / Internal Audit function now
encompasses all facets of an enterprise’s risk
including, Business Risk, Operational Risk, Financial
Risk, Systems Risk, and Compliance Risk. |
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Organizations have
realized that alignment between organizations strategic
business goals, value drivers, and the Enterprise Risk
Assurance agenda enables continued good corporate health. |
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| Division
Overview : |
| The division seeks to
improve process, efficiency, management effectiveness
and internal control in client organizations. |
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| The objective
of the Division is to ensure Flawless Processes, Effective
Controls and Complete Compliance to Internal and External
Policies, Guidelines and Regulations. |
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| The Division
adopts a Process Approach to systematically identify various
processes and sub-processes employed within the organization. |
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| The COBIT
Framework and the in-house developed Risk Assessment and
Control Evaluation (RACE) Module helps in identifying
and understanding for each of the processes and sub-processes
in the organization. RACE encompasses Business, Management,
Financial, Operational and Compliance Risks. |
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