The last five years have seen India emerge as an acclaimed investment destination for global investors. Multinational businesses have begun to perceive the developing Indian market as an opportunity for growth, amid the on-going economic uncertainty. India has a growing young population with an increasing capacity to spend. And this is creating a powerful middle

Digital transformation has emerged as the latest buzzword in the business world in this decade. But, although digitization offers businesses a wide range of benefits, we cannot ignore the fact that it also makes a business more vulnerable to cyber-crime. In the year 2019 alone, Indian businesses and individuals lost more than USD 16 Billion

As the world comes to terms with the deep-seated impact of the COVID-19 pandemic, auditing firms in India are facing unprecedented challenges. Social distancing has resulted in various constraints for auditors that impede traditional audit processes. Auditing firms are seen coping with the new scenario by demonstrating immense organisational agility. Challenges faced by auditing firms

Come to think of it. While doing anything wrong, there’s an inner voice, your subconscious mind telling you that you are treading the wrong path. In the same vein, Internal Audit is one of the most important aspects of the way you manage your organization. It has been a norm to deploy internal team members

The use of data analytics and business intelligence in the financial industry has been rising consistently, especially when it comes to reporting. While they were previously being used to improve application-based services, the scenario has changed now, and businesses now have a chance to refurbish their strategies and operations. About 47% of the businesses have

What is risk management? Risk management is the ultimate tool to make effective business decisions. Practicing risk management is trying to reduce the factors that may have a negative effect on a business. Hence, the focus is laid more on the factors that can act positively for the business. By managing risk properly, impacts of

5 Proven Importance of Internal Audit The business environment today is becoming more competitive, increasingly complex and hugely exposed to risk. As the risk landscape expands, adopting new ways to deliver more value to differentiate your business becomes important.

How Family-run businesses can ensure cultivation of enduring value Most of the businesses in India are family owned / managed businesses. Yet despite their economic weight, their failure rate is high. While only a very few of family businesses survive the transition from one generation to another generation.