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Internal Financial Control Services

Internal Financial Control Services

Listing ID #1938463

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  • Business Type Service Provider
Preferred Buyer From : India only

We are well-reputed firm in the Indian market, engaged in offering Internal Financial Control Services to our esteemed clients all across the nation. These Services offered by us provided by our well....
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Company Information

Jugal Patel & Associates verified-icon
Paharganj, Delhi
View Number
  • Member Since 8 Years
  • Nature of Business Service Provider
  • Year of Establishment 2012

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We are well-reputed firm in the Indian market, engaged in offering Internal Financial Control Services to our esteemed clients all across the nation. These Services offered by us provided by our well experienced and educated professionals. These provided services include financial management of any construction or fit-out project ranging from cash flows,measurements verifications, certification of invoices and tracking of invoices and payments. Besides this, the service is offered at pocket-friendly rates.

 

Details :

  • The new Companies Act, 2013, now requires auditors to also opine on whether a company has an adequate internal financial controls (IFC) system in place and the operating effectiveness of such controls.
  • This is in addition to the existing audit opinion on financial statements.While this requirement was originally applicable to financial statements ending 31 March 2015, considering the lack of guidance, this applicability was deferre dand is now effective for the year ending31 March 2016.
  • Due to the deferral of this reporting requirement, the Ministry of Corporate Affairs (MCA) retained the reporting requirement relating to internal controls in certain specific areas under the Companies (Auditor's Report) Order,2013 (CARO)


IFC Regulatory Mandate Under Companies Act 2013

Relevant clauses Requirement Applicability
Directors Responsibility Statement: Sec 134(5)(e) Board to Confirm that IFCs are adequate and Operating Effectively Listed Companies
Board report: Rule 8(5) of companies (Accounts) Rules Board report to state the details in respect of the adequacy of IFC with reference to the financial statements All companies
Code for Ids:Sec. 149(8) and Schedule IV IDS to satisfy themselves on the integrity of financial information and that financial controls are robust and defensible All companies having Ids
AC Terms of Reference: Sec. 177 Evaluation of IFC All Companies having an AC
Auditor's Report: Sec.143(3)(i) Auditors to report if the company has adequate IFC systems and that they are operating effectively(From 2015-16) All Companies having an AC

Graph


Download Detail File : Click Here

Company Details close-icon

( Jugal Patel & Associates ) Our office is located at Delhi. Incidentally, Delhi is the Capital of India. Considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility. Further to meet the growing demands of the fiercely competitive market we are constantly looking forward for team of associates comprising of highly skilled professionals to cater the needs ever increasing clientele. Our focus is to providing tailor made solutions to challenging problems of our clients, and performs with high quality and timely service.
Mission:-
Our mission is to improve organizational performance through financial management, assurance and other specialized expertise. We act with integrity, objectivity and a commitment to excellence and the public interest.
Vision:-
"To be regarded as a solution oriented professional CA firm providing globally benchmarked qualitative, timely and personalized services to its clients."
Our Commitment:
To provide high quality services of Auditing,
Taxation, Accounting and Management Consultancy.
To meet with high level of professionalism and excellence.
  • Nature of Business Service Provider
  • Number of Employees Below 20
  • Year of Establishment 2012
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  • Seller Jugal Patel & Associates
  • Address Paharganj, Delhi
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Internal Financial Control Services at Best Price in Delhi - ID: 1938463
Sales : +91-9953717914 | Support : +91-9700318318
Products / Services
  • Products / Services
  • Companies
  • Buy Leads
Post Buy Requirement
Internal Financial Control Services

Internal Financial Control Services

Listing ID #1938463

Get Latest Price
  • Business Type Service Provider
Preferred Buyer From : India only

We are well-reputed firm in the Indian market, engaged in offering Internal Financial Control Services to our esteemed clients all across the nation. These Services offered by us provided by our well....
View More Details
Send Enquiry

Company Information

Jugal Patel & Associates verified-icon
Paharganj, Delhi
View Number
  • Member Since 8 Years
  • Nature of Business Service Provider
  • Year of Establishment 2012

Ask for more detail from the seller

Contact Supplier
View Company Details

Service Details no_img_icon

We are well-reputed firm in the Indian market, engaged in offering Internal Financial Control Services to our esteemed clients all across the nation. These Services offered by us provided by our well experienced and educated professionals. These provided services include financial management of any construction or fit-out project ranging from cash flows,measurements verifications, certification of invoices and tracking of invoices and payments. Besides this, the service is offered at pocket-friendly rates.

 

Details :

  • The new Companies Act, 2013, now requires auditors to also opine on whether a company has an adequate internal financial controls (IFC) system in place and the operating effectiveness of such controls.
  • This is in addition to the existing audit opinion on financial statements.While this requirement was originally applicable to financial statements ending 31 March 2015, considering the lack of guidance, this applicability was deferre dand is now effective for the year ending31 March 2016.
  • Due to the deferral of this reporting requirement, the Ministry of Corporate Affairs (MCA) retained the reporting requirement relating to internal controls in certain specific areas under the Companies (Auditor's Report) Order,2013 (CARO)


IFC Regulatory Mandate Under Companies Act 2013

Relevant clauses Requirement Applicability
Directors Responsibility Statement: Sec 134(5)(e) Board to Confirm that IFCs are adequate and Operating Effectively Listed Companies
Board report: Rule 8(5) of companies (Accounts) Rules Board report to state the details in respect of the adequacy of IFC with reference to the financial statements All companies
Code for Ids:Sec. 149(8) and Schedule IV IDS to satisfy themselves on the integrity of financial information and that financial controls are robust and defensible All companies having Ids
AC Terms of Reference: Sec. 177 Evaluation of IFC All Companies having an AC
Auditor's Report: Sec.143(3)(i) Auditors to report if the company has adequate IFC systems and that they are operating effectively(From 2015-16) All Companies having an AC

Graph


Download Detail File : Click Here

Company Details close-icon

( Jugal Patel & Associates ) Our office is located at Delhi. Incidentally, Delhi is the Capital of India. Considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility. Further to meet the growing demands of the fiercely competitive market we are constantly looking forward for team of associates comprising of highly skilled professionals to cater the needs ever increasing clientele. Our focus is to providing tailor made solutions to challenging problems of our clients, and performs with high quality and timely service.
Mission:-
Our mission is to improve organizational performance through financial management, assurance and other specialized expertise. We act with integrity, objectivity and a commitment to excellence and the public interest.
Vision:-
"To be regarded as a solution oriented professional CA firm providing globally benchmarked qualitative, timely and personalized services to its clients."
Our Commitment:
To provide high quality services of Auditing,
Taxation, Accounting and Management Consultancy.
To meet with high level of professionalism and excellence.
  • Nature of Business Service Provider
  • Number of Employees Below 20
  • Year of Establishment 2012
Tell us your Buy Requirement to Get Instant Response
Tell us what you need?

Looking for Internal Financial Control Services?

Quantity
Contact Details
  • Seller Jugal Patel & Associates
  • Address Paharganj, Delhi
View Mobile No Send Enquiry

Find similar services

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