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ProInternal Controls eectively

redened

A list of various processes in the organization whereinternal controls can be dened in such a way whichensure the orderly and ecient conduct of itsbusiness, including adherence to organizationspolicies, the safeguarding of its assets, the preventionand detection of frauds and errors, the accuracy andco!pleteness of the records, and the ti!elypreparation of reliable infor!ation"

7/25/2019 Internal Audit Process Coreia.com Good

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AIn addition to !onitoring for various co!pliance of law!anage!ent of entity e%pects establish!ent of enhansyste!atic !onitoring of plan v&s" perfor!ance of org!easures to i!prove the eciency of e%isting (ow of !onitoring for i!ple!entation of these !easures, torganization, ris$ based approach and global prac

e%isting ) traditional funda!entals"

Our !ulti*disciplinary tea! constantly engaged to dpractices, $nowledge database and the ability tprofessional e%pertise by technical e%perience and na

+his progra! provides infor!ation to !anage!entcontrols and guidance to -i!ple!enting internal infor!ation received fro! this progra!, !anage!ent can get ob0ect*wise practical understanding"

Infor!ation on this presentation and on www"coreopportunity to learn !ore about so!e of the !a0or issthe world today to provide reasonable assurance thatis reliable, there is co!pliance with applicable laws anorganization's operations are eectively controlled"

1ish you -internal controls eectively redened."

+han$s"

CoreIA +ea!

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Top 20 areas / processes in the organisatiocontrols can be strengthened:

3" 4u!an resources & contract labour & !en pow#" Inventory & warehouse operations2" 5ecurity gate operations

6" Procure!ent and vendor !anage!ent7" Production operations 8includes yield, waste &:" In*house production & outside 0ob wor$ & third;"

7/25/2019 Internal Audit Process Coreia.com Good

4/11

4FEAG D5OFDC5 & COG+DAC+ >A/OF5FPP>H AGCHJ

Kerication of 0oining to leaving procedure, docu!entries of on roll and o roll hu!an resources"

verication of attendance recording and processingsyste!, co!pliance of labour laws, adherence of co!ploans advances ) assets, travel ) conveyance, controls

IGKG+ODH & 1AD4OF5 OPDA+IOG5J

Kerication of !aterial categorisation ) classicatioinventory levels, stac$ing nor!s, gate entry v&s" DG vageing, /OE, wastage, inter depart!ent transfer, over

of GDP, location wise inventory, perpetual physical safe $eeping of warehouse records, adherence of co!in DP&5AP etc"

5CFDI+H A+ OPDA+IOG5J

Kerication of !aterial !ove!ent at security gate, policy, personnel in*out recording at security gate, safcontrols in DP&5AP etc"

Process*wise briefscope of internalcontrol verication

7/25/2019 Internal Audit Process Coreia.com Good

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PDOCFDEG+ AGB KGBOD EAGAEG

Kerication of purchase reLuisition to pay!ent indocu!entation, recording of re0ection ) inti!ation, apdeviation, E5EB vendors, new vendor develop!econr!ation and balances reconciliation, DG without

fro! unregistered dealer, adeLuate tolerance, bill to bta% code, unplanned delivery cost, adherence of co!paDP&5AP etc"

PDOBFC+IOG OPDA+IOG5 8IGC>FB5 H5CDAP9J

Kerication of /OE approval, production planning, prowaste & scrap nor!s, stoc$ at production (oor, srecording of scrap & waste generation, batch !anufactproduction v&s" actual production, overti!e usage, preplan, adherence of co!pany policy, controls in DP&5A

IG*4OF5 PDOBFC+IOG & OF+5IB MO/ PAD+H OPDA+IOG5J

Kerication of agree!ent & contract, !en power drecords of 0ob processor, dening !aterial for in*hrecord $eeping of !aterial sent for outside 0ob, stoc$

location, 0ob processor Luality chec$ing, delay & pendinsent for outside 0ob, cost benet analysis, adherence

Process*wise briefscope of internalcontrol verication

7/25/2019 Internal Audit Process Coreia.com Good

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I+H C4CN OPDA+IOG5J

Kerication of selection of

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5DKIC5 5A>5 OPDA+IOG5 AGEAGAEG+J

Kerication of records of custo!ers covered under Abasis, service report preparation and sub!ission, accling in the service report, authorisation for service

engineer & e!ployee wise service e%ecution !onitorschedule of service under AEC, advance received review over cancellation of AEC & call basis servrecovery, co!plain register and its closure, repeat coprocedure, adherence of co!pany policy, provision oe%penses, controls in DP&5AP etc"

ABKD+I5EG+ AGB 5A>5 PDOEO+IOG AKerication of plan of advertise!ent and budget, selectype considering target ti!e & users & product & locbudget over dierent activities, rate negotiation & adveother ter!s li$e 8DP & CPDP & +i!ing9, Eonitoring overchange in spots co!!itted, positioning of advertiseprogra!, usage of pro!otional ite!s in the dierent lalocation & user, pro!otional !aterials for the sche!specic day, closure procedure for co!pletion of schespecic day & display, processing of advertise!ent evaluation !echanis! for placing of hoarding, adhpolicy, controls in DP&5AP etc"

BIDC+ AGB IGBIDC+ +A5J

Process*wise briefscope of internalcontrol verication

7/25/2019 Internal Audit Process Coreia.com Good

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ACCOFG+5, ACCOFG+IG 5+AGBADB5, CO5+ EAGAEG+J

Kerication of boo$ $eeping, authorisation !atri%, docdetailed e%pense boo$ing procedure, balance reconciliaaccount creation & grouping & chart of account, trac$e

loan and advances & invest!ents, capital e%penses & reo date transactions, budget vs" actual e%pense, invencosting, adherence of co!pany policy, controls in DP&5

CODPODA+ >A1 ) >A> COEP>IAGC5J

Kerication of deeds & docu!entation & registers & co!pliance related to directors, loans & advance & Dco!pliance with dierent sections & rules, sub!ission

returns & infor!ation to DOC, internal nancial codepreciation reLuire!ent, disclosure to be !ade in na

5A?+H EA5FD5, IG5FDAGC COKDA+DACNIGJ

Kerication of 4ACCP !ethodology and docu!enprereLuisite 4ACCP progra!s, adeLuacy of insurance!ployee, 1C, transport, !edical etc"9, clai!s trco!pany policy, controls in DP&5AP etc"

Process*wise briefscope of internalcontrol verication

7/25/2019 Internal Audit Process Coreia.com Good

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COEEDCIA> AGB O+4D >A15J

Kerication of co!pliance of the ?actories Act, 3@6=, 3@:3, Eini!u! 1ages Act, 3@6=, Contract >abouPay!ent of ratuity Act, 3@;#, Pay!ent of /onus Ac1ages Act, 3@2:, adherence of co!pany policy, contro

?IB A55+ & CAPJ

Kerication of assets budgeting and approval prdisposal & i!pair!ent & depreciation, co!ponent accocoding procedure, %ed assets register, recording of division, divisional accounting, physical verication, ad%ed assets policy, co!pliance with A5 ) IGB A5, contDP&5AP etc"

?IGAGC AGB +DA5FDH EAGAEG+J

Kerication of e%isting capital budgeting to its e%ecutdocu!entation & servicing & C/A, available e%cess fundto achieve ob0ective with opti!u! returns, adhborrowing ) invest!ent policy, controls and calculation

Process*wise briefscope of internalcontrol verication

7/25/2019 Internal Audit Process Coreia.com Good

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DP & 5AP & POD+A>5 & CF5+OEI5B 5H5+EJ

Kerication of user access controls & application contrthrough DP*5AP, controls over various web based controls and lin$ages of custo!ised software with

security controls of I+ infrastructures, !a%i!u! ussyste! etc"

EAGAEG+ IG?ODEA+IOG 5H5+E 8EEAGAEG+ COEEI++ 85EC9J

Kerication of e%isting structure and e%tent of EI5*5ECand eorts of i!prove!ent, controls on adeLuacy

depart!ental heads, controls on i!ple!entation of o5EC, !inutes of !eeting & action ta$en reports & pagenda, adherence of co!pany policy, controls ) EI5 t

Process*wise briefscope of internalcontrol verication

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1hat we e%pect fro! you

5hare this infor!ation with your internalconduct the presentation to shape up a broad

controls area in your organization"

5tay connected with us for co!ing procpresentations to have insight on practical awise Internal Controls"

5hare your views & give your contribution of $help this research and develop!ent progra!

5hare e!ail address of the person to who! yin this progra!"

>et's spread global best practices of eectivacross the econo!y"+han$s