Internal Financial Control
Thinking of a fresh and independent look into your buisness again so that you can uniform the process and policies better to contain the cost and preventing leackages? For an improved stakeholder confidence & rationalizing controls, BCL India is at your service.
Internal Financial Control
According to “The Companies Act, 2013” it is mandated that the Directors Responsibility Report must contain a paragraph on whether Internal Financial Controls are laid down in the company and are adequate and operating effectively. It is the responsibility of the Auditor of the company is required to state in his report, whether the Internal financial controls with reference to financial statements is in place and operating effectively. And the the Audit Committee, constituted by the companies prescribed, has to evaluate whether the financial controls are sufficient.
Hegde & Associate’s efficient auditors are equipped with techniques & methodologies to keenly evaluate the efficiency of a company’s Internal Financial Control. We thoroughly inspect the policies and procedures of the company in order to examine the transactions are in line with the accepted accounting principles, and receipts and expenditures.