When running a progressive organization, you constantly seek ways to innovate and increase your company’s operational effectiveness and efficiency in order to gain a distinct and sustainable competitive advantage.
Operational improvements are imperative in order to yield results in terms of shorter cycle times, improved flow of goods, optimal levels of inventories, better turnarounds, higher productivity levels, optimum utilisation, increased distribution efficiency, enhanced customer satisfaction, greater return on assets / investments, etc.
We address such operational issues on your agenda through Operations Consulting solutions that complement the overall business strategy of your organisation.
Our approach is not only to limited to developing operations strategy, but also seeing it through every phase of implementation. We believe that there is always room for innovation and improvement in every activity of an organisation.
In today’s dynamic business environment, for any business organization one of the most important challenges is to compete effectively or to grow. Capital funding plays an important role in:
- Ensuring the sustenance and survival of the business in highly challenging environments
- In its future growth vis-à-vis organic or inorganic growth
- Contributes towards brand building of the organization, and
- Greater public visibility with possible benefits in marketing and attracting human resource
We at SASK recognize the huge opportunities / potentials that business organizations can have by accessing the capital market and therefore we have developed a focused team which plays an important role in assisting an organization in achieving its strategic objectives. The services provided by us are briefly classified into the following broader heads:
- Structuring of the organization as a preparatory step towards accessing capital markets
- Assistance in accessing the capital market and in determining the suitable financial instrument
Our professionals provide strategic, financial and technical advisory services related to energy, climate and sustainability. We closely examine the various initiatives undertaken by businesses to assess their impact considering global and industry trends. We identify new initiatives to help our clients manage compliance, reputational and other risks. Our approach is not limited to developing strategies, we also hand hold through every phase of implementation.
- A CSR audit is an evaluation of an organization’s progress toward implementing socially responsible and responsive programs.
- The process of evaluating a firm’s various operating code of conduct, procedures other factors to determine its effect on a society.
- A review of a company’s social responsibility is an audit that looks at factors such as a company’s record of charitable giving, volunteer activity, energy use, transparency, work environment and worker pay and benefits to evaluate what kind of social and environmental impact a company is having in the locations where it operates.
Section 134(5)( e) of the 2013 act requires that in case of listed companies, Directors’ Responsibility Statement should, among other matters, state that directors had laid down internal financial controls and such financial controls are adequate and were operating effectively Rule 8(5)(viii) of the Companies Rules, 2014 Requires the board report of all companies to state the details in respect of adequacy of internal financial controls with reference to the financial statements also Section 143(3)(i) of the Act requires the auditors’ report to state whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.
ICFR therefore is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal financial control over financial reporting includes those policies and procedures that
- pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company
- provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company
- provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.