A Business Process is an activity or set of activities that will accomplish a specific organizational goal. Business Process Management (BPM) is a systematic approach to impro...
Benefits of Automating Business Process
•Quality & Consistency Ensures that every action is performed identically - resulting in high quality, reliable results and stakeholders will consistently experience the sam...
RISKS Risk is any event that may result in a significant deviation from a planned objective resulting in an unwanted negative consequence. The planned objective could ...
Risk Management & Related Terms
RISK MANAGEMENT: Risk Management is the process of assessing risk, taking steps to reduce risk to an acceptable level and maintaining that level of risk. Risk management invol...
Control is defined as policies, procedures, practices and organization structure that are designed to provide reasonable assurance that business objectives are achieved, and unde...
Risks & Controls for Specific Business Processes
Business Processes - Risks and Controls Suitable controls should be implemented to meet the requirements of the control objectives. These controls can be manual, automated or...
Regulating & Compliance Requirement
The Companies Act, 2013 The Companies Act, 2013 has two very important Sections - Section 134 and Section 143, which have a direct impact on the audit and accounting professio...
Information Technology Act (IT ACT)
Computer Related Offences •Harassment via fake public profile on social networking site A fake profile of a person is created on a social networking site with the correct...
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