#Audit Committee Function

[foundationhq]

EMPLOYEE ID 8200-1875-2; 𝑀𝑋. 𝐶𝑂𝑁𝐺𝐸𝑁𝐼𝐴𝐿𝐼𝑇𝑌.

𝐍𝐚𝐦𝐞 Ariadne Zisis 𝐀𝐠𝐞 35 𝐆𝐞𝐧𝐝𝐞𝐫/𝐏𝐫𝐨𝐧𝐨𝐮𝐧𝐬 gender non-conforming, they/she 𝐅𝐚𝐜𝐞𝐜𝐥𝐚𝐢𝐦 Imogen Poots 𝐒𝐭𝐚𝐭𝐮𝐬 retired

PROFILE.

The altruistic and convivial, [𝑀𝑋. 𝐶𝑂𝑁𝐺𝐸𝑁𝐼𝐴𝐿𝐼𝑇𝑌] has a connection with the minds of humans — and non-humans — that is found once in a few lifetimes. We discovered their talent when several humanoid SCPs in surveillance came in contact with her and lost their anomalous nature. The Foundation would suffer a loss to let this unique ability go. Equipped with a high sense of empathy without any mind-altering substances or cognito-interference from SCP phenomena, [𝑀𝑋. 𝐶𝑂𝑁𝐺𝐸𝑁𝐼𝐴𝐿𝐼𝑇𝑌] was first appointed to Humanoid Containment Site-06-03 to gauge her potential. After their trial experiments into SCP psychotherapy lead to successful and humane containment protocols, they were transferred to Site-17 to further her psychotherapy work... but her expertise caught the eyes of Research and Development Director H. ███████ , who surprisingly placed her as a supervising medic for SCP-███ at Storage Site-23 within a year. Though those case files are locked and declassification is impossible for anyone under Level 5 SCiPNet Clearance, there have been rumblings that almost everyone involved in the SCP-███ experiments end up medically discharged from the Foundation, and a recent internal audit by the Ethics Committee exposed a termination order for [𝑀𝑋. 𝐶𝑂𝑁𝐺𝐸𝑁𝐼𝐴𝐿𝐼𝑇𝑌]'s research partner, Dr. P. ████, which had been overturned at the last second. The reasonings for that are, at this point in time, undetermined and unclear. Therefore, the Committee believes [𝑀𝑋. 𝐶𝑂𝑁𝐺𝐸𝑁𝐼𝐴𝐿𝐼𝑇𝑌] would benefit from a new workplace environment, far from the dramatic exploits of the SCP-███ experiments. Though more demure in personality than many of the more independently-inclined operatives found at Site-φ, [𝑀𝑋. 𝐶𝑂𝑁𝐺𝐸𝑁𝐼𝐴𝐿𝐼𝑇𝑌]’s innate talent of understanding the psyche will be an essential asset for maintaining a copacetic, functional social structure within MTF Chi-00. Even if some of their colleagues insist on going against the grain, the Committee expects that [𝑀𝑋. 𝐶𝑂𝑁𝐺𝐸𝑁𝐼𝐴𝐿𝐼𝑇𝑌] will find a way to level the field and promote unity. — Internal Memo from the Ethics Committee.

LAST ASSIGNMENT.

PSYCHIATRIST;  STORAGE SITE 23, supervising medical officer for the SCP-███ trial experiments. Overlooked and examined the physical and mental health of patients administered SCP-███, as well as researchers working in close proximity with SCP-███. As of this note, all recent work crew have either been medically discharged, MIA, or terminated by order of the Foundation.

INTERRELATIONS OF NOTE.

𝐷𝑌𝐼𝑁𝐺 𝐵𝑅𝐸𝐸𝐷. You can just tell this one’s going to be a headache and a half. They don’t seem to be too interested in being anyone’s friend, never mind yours. You usually prefer to take a slow and subtle approach in these sorts of cases, but given the especially sensitive nature of this new assignment, leaving a wildcard like them unchecked for too long seems bound to create problems.

𝑃𝐸𝑅𝐹𝐸𝐶𝑇 𝑆𝑇𝑅𝐴𝑁𝐺𝐸𝑅. It’s obvious that they’re in way over their head, so what else where you supposed to do other than throw them a life preserver? You’ve never been the type to stand by as someone else struggles and they’ll definitely need all the help they can get settling in and navigating the team’s… pricklier personalities.

52 𝑃𝐼𝐶𝐾𝑈𝑃. They quickly caught your eye and bent your ear after you were reassigned. The two of you are fast becoming thick as thieves, swapping stories and so on as you size up your new coworkers. It’s nice to find someone else who reads people as you do, though their outlook on the human condition seems to run diametrically opposed to yours.

𝐺𝐴𝑅𝐷𝐸𝑁 𝑉𝐴𝑅𝐼𝐸𝑇𝑌. — You remember this patient. Though you'd like to call them a friend, you abide by your professional boundaries. They were one of your first patients, and you could easily read their mind, understand where they were coming from, and feel what they felt. Now, it's different. You've always been good at reading people, but this person has become a completely different book. What happened when you two were apart?

[meret118]

Idaho legislators disbanded a state committee that investigated the root causes of maternal deaths, making it the only state in the nation with no such mortality review.

. . .

They allowed two bills to die that would have put Idaho on the same track as nearly every other state with abortion restrictions — including Florida, Kentucky and Texas — by extending postpartum Medicaid coverage to 12 months. Idaho’s Medicaid coverage ends two months after birth, the minimum under federal law.

They turned down $36 million in federal grants to support child care this summer, while other states with new abortion restrictions — Alabama, Louisiana and Missouri among them — made investments in early childhood education and day care. Idaho lawmakers at the time attributed the decision to a pending audit of a different batch of grants.

. . .

But Blaine Conzatti, president of the Idaho Family Policy Center and a leading anti-abortion lobbyist, is not bothered by the lack of government support. Pregnancies, births and child care are not the purview of the government, he said, but of families, communities, charities and, most of all, churches.

. . .

No action set Idaho apart from other abortion-ban states more than when the Idaho Legislature allowed its Maternal Mortality Review Committee to die this year. The committee had been granted unique powers to review private health care and other records of women who died during or within a year after pregnancy and draw conclusions about the root causes of those deaths.

Its budget of $10,000 a year came only from federal funds, so keeping the committee going seemed pro forma. Every single state, New York and Texas alike, had put one in place. But in Idaho, a lobbyist for an ultraconservative political nonprofit stood up and spoke against it at a hearing.

Fred Birnbaum, legislative affairs director of Idaho Freedom Foundation, said studying the causes of Idaho’s roughly 10 to 15 preventable maternal deaths each year risked inviting a push for more government support to help keep people from dying. And government support was anathema to his group.

Birnbaum’s assessment was partly correct. Idaho’s maternal mortality committee had made recommendations that could increase public spending, such as extending Medicaid coverage postpartum, expanding access to naloxone to prevent death from opioid overdose and providing better housing and child care support. But of the 52 recommendations in the committee’s final report, most called for no new government spending.

------

I doubt he has any problem with government money for farmers.

"They’re not pro-life. You know what they are? They’re anti-woman. Simple as it gets, anti-woman. They don’t like them. They don’t like women. They believe a woman’s primary role is to function as a brood mare for the state." -- George Carlin

[pkchopraco-blog]

Internal audit in India- PK Chopra and Co.

Internal Audit in India is one of the major areas which aid the organization in enhancing business performance by identifying the growth areas with greater scope for improvement and We provides best Internal audit in India, Process Audit Services in India. contact us: +91 98101 58561.

Internal audit in India is a crucial component of corporate governance and risk management within organizations. It involves the systematic review, assessment, and improvement of an organization's operations, controls, and processes to ensure they align with the organization's objectives, policies, and regulatory requirements. Here are some key points to consider about internal audit in India:

Regulatory Framework: Internal audits in India are conducted as per the guidelines set by various regulatory bodies, including the Companies Act, 2013. The Act mandates that certain classes of companies need to establish an internal audit process.

Independence and Objectivity: Internal auditors maintain an independent and objective stance to ensure unbiased evaluation of the organization's operations. They report directly to the Audit Committee or the Board of Directors to ensure their autonomy.

Scope: The scope of internal audit covers a wide range of areas, including financial controls, operational processes, risk management, compliance with laws and regulations, and overall effectiveness of governance structures.

Risk Assessment: Internal auditors assess risks associated with various processes and functions within the organization. This helps in identifying potential areas of vulnerability and designing effective risk mitigation strategies.

Controls Evaluation: Evaluating internal controls is a central aspect of internal audit. Auditors assess the adequacy and effectiveness of internal controls to prevent errors, fraud, and inefficiencies.

Operational Efficiency: Internal audits also focus on enhancing operational efficiency and effectiveness. By identifying process bottlenecks and recommending improvements, they contribute to streamlined operations.

Reporting: Internal auditors prepare comprehensive reports outlining their findings, recommendations, and suggestions for improvements. These reports are presented to management and the Audit Committee for review and action.

Continuous Improvement: Internal audits are not just about identifying problems; they are also about fostering continuous improvement. Auditors work closely with management to implement suggested changes and monitor their impact.

Technology Integration: With the rise of digital transformation, internal auditors in India are increasingly incorporating data analytics and technology tools to improve audit accuracy and efficiency.

Professional Standards: Internal auditors in India follow internationally recognized professional standards, often guided by the Institute of Internal Auditors (IIA) framework. These standards ensure consistency and quality across internal audit practices.

Outsourcing: Some organizations opt to outsource their internal audit functions to specialized firms that provide expertise and objectivity. This practice is gaining popularity in India.

Value Addition: Effective internal audits not only help in compliance but also add value to the organization by identifying opportunities for cost savings, process improvements, and strategic insights.

In conclusion, internal audit in India plays a pivotal role in ensuring organizational integrity, compliance, and performance. It provides a systematic approach to evaluate and enhance various aspects of an organization's operations, contributing to its overall success and sustainability.

[economics-around-you]

Company Law (CS Executive): In-Depth Guide for 2024 Exam 

 Company Law is one of the most crucial subjects for students pursuing the CS Executive course. It not only forms the basis for understanding corporate regulations and governance but also shapes the role of a Company Secretary in ensuring compliance with legal standards in organizations. This subject focuses on the Companies Act, 2013, and covers a wide range of topics, from company incorporation to corporate governance, CSR, and winding-up procedures. 

This detailed guide will help students prepare thoroughly for the Company Law paper in the CS Executive 2024 exam, while also outlining how Success Edge Academy can support students in their preparation journey. 

Detailed Syllabus for Company Law (CS Executive) 

Understanding the syllabus thoroughly is the first step toward excelling in Company Law. The syllabus is designed to give students a comprehensive knowledge of the legal framework governing companies. Let’s break down the syllabus into sections for easier understanding: 

1. Introduction to Company Law 

Development and Evolution: This section discusses the evolution of Company Law in India. Students must focus on the historical context that led to the Companies Act, 2013, and its amendments. 

The Companies Act, 2013: Detailed study of the significant provisions, amendments, and the relevance of the Act. 

Types of Companies: Public, Private, Government, and other categories, with focus on key differences in legal standing and requirements. 

2. Incorporation of Companies 

Procedure for Incorporation: In-depth study of steps involved in incorporating a company under The Companies Act, 2013. 

Memorandum and Articles of Association: Key provisions, contents, and procedures for alteration. 

Legal Doctrines: Understanding the Doctrine of Ultra Vires, Doctrine of Indoor Management, and Doctrine of Constructive Notice is crucial. 

Promoters: Roles, duties, and liabilities of promoters in forming a company. 

3. Share Capital and Debentures 

Types of Share Capital: Authorized, issued, subscribed, and paid-up capital. 

Issue of Shares: Procedures for the issue, transfer, transmission, and forfeiture of shares. 

Debentures: Types of debentures, issue procedures, redemption, and related regulations. 

4. Management and Administration 

Board of Directors: Structure of the board, appointment, removal, and resignation of directors. 

Roles and Responsibilities of Directors: Focus on the duties, powers, and liabilities of directors. 

Meetings: Rules governing Board Meetings, General Meetings, and Resolutions. 

Corporate Governance: Importance of governance and key provisions laid down in the Companies Act and SEBI guidelines. 

5. Corporate Social Responsibility (CSR) 

CSR Provisions: Specifics of Section 135 of the Companies Act. 

CSR Policy: Rules regarding formulation, reporting, and implementation of CSR activities. 

CSR Committee: Roles and functions of the CSR Committee and compliance requirements. 

6. Dividends, Accounts, and Audits 

Declaration of Dividends: Legal procedure for the declaration and distribution of dividends. 

Company Accounts: Maintenance of books of accounts, preparation of financial statements. 

Auditors: Procedures for the appointment of auditors, their responsibilities, and powers. 

7. Winding Up of Companies 

Types of Winding Up: Voluntary, compulsory, and other forms of winding-up under the Act. 

Role of Liquidators: Powers, duties, and responsibilities in the winding-up process. 

Insolvency and Bankruptcy Code (IBC): Importance of IBC, 2016, and its impact on winding-up procedures. 

8. Compromises, Arrangements, and Amalgamations 

Mergers and Acquisitions: Legal framework surrounding mergers, acquisitions, and demergers. 

Compromises and Arrangements: Procedural aspects of compromises between companies and creditors. 

Amalgamations: Legal requirements and procedural formalities for amalgamations. 

9. Oppression and Mismanagement 

Protection of Minority Shareholders: Rights available under the Companies Act for the prevention of oppression. 

National Company Law Tribunal (NCLT): Role of NCLT in handling cases of oppression and mismanagement. 

Exam Pattern for Company Law (CS Executive) 

The Company Law paper in the CS Executive exam is a mix of descriptive questions and case law applications. Students need to be well-versed in theory, but they also need to be able to apply their knowledge to real-life scenarios. 

Total Marks: 100 

Duration: 3 hours 

Types of Questions: Descriptive and practical case studies 

Weightage: 

Theoretical Concepts: ~40% 

Case Law Applications: ~60% 

Key Study Tips for Company Law 

Preparing for Company Law can seem daunting due to the vastness of the subject, but a strategic approach can make it manageable. Here are some study tips to help students ace this paper: 

1. Deep Dive into the Companies Act, 2013 

Thoroughly read each section of the Companies Act with a focus on incorporation, share capital, meetings, and winding-up. 

Keep updated with amendments to the Act, as the syllabus and exam questions often reflect recent legal changes. 

2. Case Laws and Applications 

Pay close attention to important case laws that illustrate the application of Company Law principles. Understanding how legal precedents are applied in real scenarios is vital for case-based questions. 

3. Summarize and Revise Key Sections 

Create concise notes or flashcards for quick revision of major sections like Board Meetings, Directors' duties, and winding up. This will help you revise quickly closer to the exam. 

4. Solve Past Year Papers 

Review past exam papers and identify patterns in the types of questions asked. Focus on understanding how questions are framed around case laws, practical applications, and theoretical concepts. 

5. Mock Tests and Time Management 

Enroll in mock tests that simulate real exam conditions. Practice completing questions within the time limit to manage your time effectively during the exam. 

6. Group Discussions and Peer Learning 

Participate in group discussions with fellow students. Discussing complex topics with others helps in better retention and understanding. 

7. Regular Revision 

Consistent revision of important topics is essential. Make a revision schedule that ensures you cover all the key topics multiple times before the exam. 

How Success Edge Academy Can Help You Ace Company Law 

At Success Edge Academy, we understand the challenges students face in mastering Company Law for the CS Executive exam. Here’s how we can support your preparation: 

Experienced Faculty: Our team includes expert faculty members with years of experience in teaching Company Law. Their in-depth knowledge helps students grasp complex legal provisions with ease. 

Structured Learning: We provide a well-structured syllabus plan that covers every aspect of Company Law, ensuring that students don’t miss out on any critical topics. 

Regular Assessments: Our regular tests and assessments help students track their progress and understand their areas of improvement. 

Practical Case Law Applications: We emphasize the practical application of Company Law through case laws, enabling students to tackle case-based questions confidently. 

Doubt-Solving Sessions: Dedicated doubt-clearing sessions allow students to resolve their queries and strengthen their understanding of difficult topics. 

Comprehensive Study Material: We provide up-to-date study materials, including the latest amendments and case laws, ensuring students have access to the best resources. 

With our focused and systematic approach, Success Edge Academy helps students build a solid foundation in Company Law, equipping them with the skills needed to succeed in the CS Executive exam. 

FAQs on Company Law (CS Executive) 

1. How important is Company Law in the CS Executive exam? 

Company Law is one of the core subjects in the CS Executive syllabus. It carries a total of 100 marks and focuses on providing a comprehensive understanding of the legal framework governing companies in India. 

2. What are the critical topics to focus on for Company Law? 

Key topics include Incorporation of Companies, Directors’ Duties and Responsibilities, Share Capital, Winding Up, Corporate Governance, and CSR. 

3. How can I effectively study case laws for Company Law? 

Focus on understanding the facts, legal principles, and outcomes of landmark cases. Practice writing answers that apply these case laws to hypothetical scenarios. 

4. How does Success Edge Academy help students with Company Law preparation? 

Success Edge Academy offers expert faculty, structured learning, regular assessments, and comprehensive study material, helping students prepare thoroughly for the CS Executive exam. 

Conclusion 

Mastering Company Law is essential for becoming a successful Company Secretary. With thorough preparation, regular practice, and expert guidance from Success Edge Academy, students can confidently 

[forblogmostly]

Shanti Educational Initiatives Limited Announces Key Decisions from Board Meeting on July 26, 2024

On July 26, 2024, Shanti Educational Initiatives Limited held an important Board of Directors meeting that began at 4:00 P.M. and concluded at 6:20 P.M. The meeting was a significant event for the company, as the Board approved several crucial matters impacting the organization’s financial management, governance, and operational strategies.

The meeting’s agenda included the approval of the standalone and consolidated unaudited financial results for the quarter ending June 30, 2024. These results were reviewed and endorsed by the company’s Statutory Auditors, M/s. Nahta Jain & Associates. The financial results, which were presented alongside the Limited Review Report, reflect the company's financial performance and adherence to regulatory requirements.

In addition to the financial results, the Board approved the appointment of M/s. Jhaveri Shah & Co. as the Internal Auditor for the financial year 2024-25. This appointment is part of the company’s efforts to strengthen its internal control systems and ensure robust auditing practices. Furthermore, M/s. K Jatin & Co. was appointed as the Secretarial Auditor for the same financial year, continuing the company's commitment to maintaining high standards of corporate governance and compliance.

Another key decision made during the meeting was the approval of the relocation of the company’s corporate office within the same city and state. This move is anticipated to streamline operations and enhance the efficiency of the company’s administrative functions.

The Board also made strides in organizational governance by approving the constitution of a Management Committee. This committee will be tasked with the delegation of certain powers previously held by the Board, facilitating more efficient decision-making processes and operational management.

Moreover, the Board sanctioned the addition of new business activities through an amendment to the Object Clause of the company’s Memorandum of Association (MOA). This strategic move is expected to expand the company’s operational scope and align its business activities with evolving market opportunities.

All decisions and details from the meeting are available on the company’s official website at www.sei.edu.in, reflecting Shanti Educational Initiatives Limited’s commitment to transparency and stakeholder communication.

The Limited Review Report provided by Nahta Jain & Associates, which was discussed in the meeting, outlines the review of the unaudited financial results for the quarter. The auditors confirmed that the results, prepared in accordance with the Indian Accounting Standards and SEBI regulations, did not reveal any material misstatements. This review, conducted in compliance with Standard on Review Engagements (SRE) 2410, provides moderate assurance on the accuracy and reliability of the financial statements.

[l8in]

The Article 4 directive was passed at the Cabinet meeting of cyngor Gwynedd council on the 16th July, 2024. Two members were absent from this important meeting. Apologies were received from the deputy leader of the council, Nia Jeffreys and the cabinet member for housing, Craig ab Iago.

The meeting was webcast and can be found here - https://gwynedd.public-i.tv/core/portal/webcast_interactive/895758 As often happens, the translated feed is not yet working...

The Education and Economy Scrutiny Committee met on Thursday, 18th July, 2024. Four councillors did not turn up and a co-opted member was also absent.  

Olaf Cai Larsen was elected as the new chair. A vice chair was not elected as no-one wanted the position. One councillor was proposed but he point blank refused and so the matter was deferred until the next meeting.

Overview and scrutiny is important in holding Council's policy makers to account and scrutiny committees are fundamental to the functioning of a healthy democracy. Some councillors have raised concerns that there is no proper scrutiny in Gwynedd and one has even compared it to a 'children's parliament'. 

The chair and vice chair of scrutiny committees are allowed access to the Scrutiny Forum. The forum is where the real power lies and determines what is and what is not to be scrutinised at the committees. This forum should be open to the public to ensure propriety.

First up on the agenda was the GwE Annual Report 2023-2024, presented by its managing director, Arwyn Thomas. GwE is to come to an end in March, 2025 and this will be its last report in its present form. GwE is a school improvement service for the whole of North Wales but this year their meetings have focussed more on job losses than any school improvements. 

GwE never really recovered from the 'hotdesking' and inflated travel expenses scandal that came to light in 2020. It has never been explained why the former CEO did not action when the council's internal audit flagged  - "To this end, Internal Audit cannot provide assurance that value for money has been taken into account when changing work locations." https://www.bbc.co.uk/news/uk-wales-53661995

Next up was the Middle Tier Review. This report comes about in part because - Recent publications including Estyn reports, PISA and the personalised assessments national report, have identified a need to improve the quality of learning and outcomes within and across schools, and the consistency of this across Wales for ALL learners...

The report appears to lay the blame for this on poverty which does not explain those children who are failing whose parents are not in poverty. 

The report goes on to ask - How well are we doing? How do we know? How can we improve? To achieve this, school leaders and practitioners should work in partnership with each other and their LA within an open, trusting environment. So school leaders, practioners and the culture is the problem - not poverty.

Schools in Gwynedd have suffered from many issues over the years from bullying, harassment and assault. The problems have not been dealt with and the Neil Foden case only confirms that pupils (and teachers) are not safe...

A reminder that the Education and Economy Scrutiny Committee failed to hold Neil Foden to account after the school meals debacle and also took no action when the video appearing to show Foden grabbing a pupil by the scruff of the neck appeared online.

A report, authored by Llion Williams and titled Safeguarding Arrangements in Schools was presented. The report can be found in the meetings agenda pack here - https://democracy.gwynedd.llyw.cymru//documents/g5168/Public%20reports%20pack%2018th-Jul-2024%2010.30%20Education%20and%20Economy%20Scrutiny%20Committee.pdf?T=10

As is to be expected after the Foden case arrangements have been updated. But they appear to focus on safeguarding children from their parents and it appears that little has been done to advise what happens if a senior teacher and/or the designated officer responsible for safeguarding is the one being abusive. 

One councillor pointed out that the school's last Estyn report stated that safeguarding procedures were robust - when they were obviously not. Did Neil Foden assist Estyn in this report? To an outsider, Foden was able to abuse with impunity and there is nothing in this report that suggests those in a position of authority will not be able to abuse again. 

The BBC did report on this meeting but its focus was on matters relating to Foden - https://www.bbc.co.uk/news/articles/cl4ym5kl85eo The council's current head of education, Gwern ap Rhisiart, told the education and economy scrutiny committee that safeguarding was a "priority" for the department.

But Sharon Roberts, representing Arfon's parents and governors on the committee was more critical - "Accept how little confidence there is out there among parents I speak to, everyone has been shocked by what has happened."

Gwynedd and Eryri Sustainable Visitor Economy Plan 2035 was discussed. Cllr Gwynfor Owenmentioned that the national park agency do not engage with the county council and a plea was made to consult with councillors. It was perceived that the report deals with growth rather than a sustainable visitor economy. The officer explained that they wanted to extend the tourist season rather than the peak in summer. There was little data to the impact on local jobs and the the language. 

The committee complained of the negative effects of tourism and that too many people were visiting the area, causing traffic jams and that locals were not able to get to the beach. Seasonal jobs were not great for those with families and mortgages and that all year round jobs were needed for peoples security. It was mentioned that many businesses were reliant on children...

This led to a trip down memory lane for some who talked of their own childhood experiences working for local businesses. It was pointed out that laws have since been introduced because of the exploitation of children by bosses...

In stark contrast to the Cabinet passing Article 4, one councillor talked of second homes bringing benefits to the local economy and called for a debate to dispel myths on the issue. He contended that these homes relied on local traders, such as plumbers and electricians who in the main spoke the language and that it was a win win. 

Many agreed that more research was needed and one commented that the report goes in every direction but the right direction. Councillors were not happy with the report but they voted to pass it anyway...

Something is very wrong within Gwynedd council...

[professionalutilities1]

What is the additional role of an internal auditor?

Role of Internal Auditor

Assessing the company's financial and operational procedures, risk management strategies, adherence to legal requirements, and efficacy of internal controls are among the duties assigned to the internal auditor. Making sure the right decisions are made based on the audit observations and recommendations, the internal auditor assesses and reports to the board of directors or the audit committee. The identification and prevention of fraud within the company is a critical function of internal auditors. After looking into questionable activity, they make recommendations for improving the business's anti-fraud safeguards. To ensure accuracy, completeness, and compliance with regulatory obligations as well as accounting standards, internal auditors review financial transactions and records.

[acquisory]

ROLE OF NATIONAL FINANCIAL REPORTING AUTHORITY

“Union Cabinet has now approved the proposal for establishing the National Financial Reporting Authority (NFRA), intended to serve as an independent regulator for the auditing profession. We believe establishment of NFRA as an independent regulator for the auditing profession will improve the transparency and reliability of financial information presented by listed and unlisted companies in India. ”

National Financial Reporting Authority (NFRA) is a body proposed in CA 2013 for the establishment and enforcement of accounting and auditing standards and it would oversee the services and quality of services provided by the auditors and mainly listed companies and large unlisted public companies will fall under the jurisdiction of NFRA. It will be an audit watchdog and a regulator for the Government.

Government of India has recently set up the National Financial Reporting Authority (‘NFRA’), which will be an independent regulator for the audit professionals. Section 132 of the CA 2013 deals with the constitution of ‘NFRA’ and power of central government to appoint Chair person, member, secretary and other staff at NFRA. MCA has also notified NFRA (Manner of appointment and other terms and conditions of service of Chairperson and Members) Rules, 2018.

“NFRA is the authority proposed to serve as an independent regulator for the auditing profession and to investigate professional matters or misconduct of any member or a firm of CA’s.”

WHAT IS NATIONAL FINANCIAL REPORTING AUTHORITY (‘NFRA’):

The idea for NFRA came after the Satyam scam in 2009, following which the Standing Committee on Finance recommended the creation of an audit regulator. Later CA, 2013 section 132 (1) authorized the Central Government to constitute a National Financial Reporting Authority to provide for matters relating to accounting and auditing standards. The role of NFRA is:

– To make recommendations to the Central Government on the formulation and laying down rules for accounting and auditing policies and standards for adoption by companies or class of companies or their auditors, as the case may be;

– To monitor and enforce the compliance with accounting and auditing standard;

– To oversee the quality of service of the professionals associated with ensuring compliance with accounting and auditing standard;

– To suggest measures required for improvement in the quality of service of the professionals;

Constitution of NFRA?

NFRA will comprise of a chairperson, three full-time members and a secretary. The number of members including full time and part time members will not exceed 15. The Central Govt. has right to appoint the chairman and other members of NFRA on the recommendation of the search-cum-selection committee.

Chairperson and full time members of NFRA shall not be associated with any audit firm (including related consultancy firms) during the course of their appointment and two years after ceasing to hold such appointment and will give a declaration to the Central Govt. regarding no conflict of interest or lack of independence in respect of their appointment to the NFRA.

Central Govt. may also appoint a secretary and such other employees as it may consider necessary for the efficient performance of the functions by NFRA.

NFRA (Manner of appointment and other terms and conditions of service of Chairperson and Members) Rules, 2018 covers detailed provisions regarding the composition of NFRA and the terms and conditions of the appointment of the Chairperson and members of NFRA.

What will be ICAI’s role now?

The role of ICAI stands significantly diluted. ICAI’s role will continue in respect of its members, in general, and, specifically, with respect to audits pertaining to private limited companies and public unlisted companies below the threshold limit to be notified in the rules.

ICAI would continue to play its advisory role with respect to accounting and auditing standards and policies by making its recommendations to the Central Govt. As listed companies and large unlisted companies will fall under the jurisdiction of NFRA, the audit of private companies and unlisted companies (below threshold limit) will be under ICAI.

In a way, it indicates a certain lack of trust in ICAI to effectively address malpractices indulged in by recalcitrant members.

How does the community view it?

‘Chartered accountants are watch-dogs, and not blood-hounds,’ goes an argument. Things turn bad when entries are not recorded at all. In such instances, CAs can do very little, it is argued.

Powers of NFRA:

Apart from making recommendations to the Central Government on the formulation and laying down of accounting and auditing policies and standards, the NFRA will have the investigative and disciplinary powers. NFRA can:

Investigate either suo moto or on the reference made to it by Central Govt. into the matters of professional or other misconduct, committed by any…

Read More: https://www.acquisory.com/ArticleDetails/69/Role-of-National-Financial-Reporting-Authority

[indexblogging]

NYC OSHA Attorneys Ensuring Workplace Safety

In a bustling metropolis like New York City, ensuring the safety of your workforce is paramount. Employers bear the responsibility of providing a secure environment for their employees, and navigating the complexities of workplace regulations can be daunting. This is where NYC OSHA attorneys come into play, offering expertise and guidance to help you meet compliance requirements and protect your team.

Why Workplace Safety Matters

Workplace safety isn't just about avoiding fines; it's about safeguarding your most valuable asset—your employees. Accidents and injuries can lead to lost productivity, increased insurance premiums, and legal repercussions. By prioritizing safety, you foster a positive work culture and enhance employee morale.

The Legal Landscape of Workplace Safety

Understanding the legal framework surrounding workplace safety is crucial for employers. The Occupational Safety and Health Administration (OSHA) sets forth regulations that businesses must follow. NYC OSHA attorneys specialize in interpreting these laws and ensuring your compliance.

Common Workplace Hazards

Identifying potential hazards is the first step in creating a safer work environment. Common issues include:

Slips, Trips, and Falls - Often due to wet floors or uneven surfaces.

Electrical Hazards - Resulting from faulty wiring or improper use of equipment.

Chemical Exposure - Occurring when handling hazardous substances without proper protection.

By addressing these hazards proactively, you reduce the risk of accidents and injuries.

Benefits of Hiring OSHA Attorneys

Employing the services of OSHA attorneys in New York City offers several advantages. These professionals provide:

Expert Guidance - Helping you understand and comply with OSHA regulations.

Risk Assessment - Identifying potential hazards and recommending corrective actions.

Legal Representation - Offering defense in case of OSHA inspections or citations.

Tailored Safety Programs

Each workplace is unique, and a one-size-fits-all approach to safety won't suffice. OSHA attorneys can help develop customized safety programs tailored to your specific industry and work environment, ensuring comprehensive protection.

Training and Education

An informed workforce is a safer workforce. OSHA attorneys can assist in organizing training sessions and educational programs to keep your employees aware of safety protocols and best practices.

Navigating OSHA Inspections

OSHA inspections can be nerve-wracking, but with the right preparation, you can confidently face them. NYC OSHA attorneys guide you through the inspection process, helping you address any issues that may arise and ensuring your documentation is in order.

Addressing Violations

If violations are found during an inspection, prompt action is essential. OSHA attorneys can help you understand the findings, develop a plan to rectify the issues, and negotiate with OSHA to mitigate penalties.

Recordkeeping and Documentation

Maintaining accurate records is a critical aspect of OSHA compliance. From incident reports to safety audits, proper documentation protects your business during inspections and legal proceedings.

The Role of Safety Committees

Establishing a safety committee within your organization can enhance communication and collaboration on safety matters. OSHA attorneys can help set up these committees, ensuring they function effectively to promote workplace safety.

Handling Employee Complaints

Employees have the right to report unsafe conditions without fear of retaliation. OSHA attorneys assist in addressing complaints, conducting investigations, and implementing necessary changes to resolve concerns.

Proactive Safety Audits

Regular safety audits conducted by OSHA attorneys help identify potential hazards before they become serious issues. These audits provide an opportunity to make improvements and maintain a safe work environment.

Building a Safety Culture

Creating a culture of safety requires commitment from all levels of the organization. OSHA attorneys can assist in fostering this culture by promoting open communication, encouraging employee involvement, and recognizing safety achievements.

Cost of Non-Compliance

Failing to comply with OSHA regulations can result in significant financial penalties and damage to your reputation. Investing in the expertise of OSHA attorneys helps you avoid these costs and maintain a positive public image.

The Future of Workplace Safety

Workplace safety is an evolving field, and staying updated with the latest regulations and best practices is essential. NYC OSHA attorneys are your partners in navigating these changes and ensuring ongoing compliance.

[alphabetsoup-blogposts]

I have no idea...

...why you would want that particular little nugget. Anyway, I dug it up from a document of almost 200 pages. I haven't used the "version history" function—it's too cumbersome. But I can tell you that it's a recollection from a meeting about the necessity of incorporation in c. 2013, which I finally wrote up in my diary in 2021.

Y'know, when you say "lies", I literally cannot think what they might be telling you about this, or the pension/benefits, or the £450k other than the truth. If I understood I would probably try some myth busting but I just cannot imagine.

So, yes, obviously incorporation was all done over my strenuous objections and anxieties. I had nothing to gain and everything... but everything to lose. I went from pillar to post to beg anyone I could think of to intervene, including B who clearly was close to the ground but tight-lipped in his usual way. GG—who I did not beg for help, not wishing to muddy any personal/professional boundaries and not thinking anyone would listen to him—may even remember that I was anxious about it in May 2013 because I briefly referred to it—but I am a reasonably well-trained social actor and give out less than I feel.

Some members of the Board were closely involved back in 2013 because they were also members of the Plenary Committee, others only became closely involved over the process of registration in 2015. Mr Parlours sent that letter I excerpted and the Chair took it to Plenary. B spoke up to give a firm view--in plenary, I think, but perhaps in private—and suggested that incorporation was inevitable, would be relatively easy, should be welcomed (really) and could be managed by a small subcommittee of people. I think he also may have said he would respectfully nominate persons to serve on that ad hoc group. The Chair—and likely the plenary committee—was persuaded to follow his plan. DG was one of those who got involved in the subcommittee. EM (not now a member) was also involved. I think there was a third but I am not wholly sure who that might have been.

R (not then a member but a very close friend of B's—the Duo) also got involved but not in the subcommittee. The mechanism by which R got involved was that we were both self-employed at the same shop, on the outside and he offered to help. I had been left not only to suffer the consequences of the mandated spin-off and loss of everything I held to be of value, but to write the articles of incorporation on top of my job qua self-employed person. The combination was daunting—incorporating a company, acting as your own draftsman, running a think tank and working for paid clients was just impossible and I lost more than the battle with Mr Parlours at the time. Anyway, as I mentioned, R and I had frequent coffees at his invitation and he offered to help with the drafting. In offering to help he articulated the view that there should be no corporate members (ie no shareholders other than Board members, because that might be tricky somehow) and that the Board should comprise only the senior lawyers on the Plenary Committee (not the bankers because they might be seen as agenda-driven lobbyists--ha, oh the irony!) and that is how we ended up with the Board you see on the filings... one that—as I have said many times—remained in situ for the best part of a decade despite my efforts to roll it over for the sake of my own sanity. (The original Board also included Mr GC Banks, who held one of the two nominal shares, if I recall correctly—which is interesting if you think about it.)

As for Mr Parlours, he produced a new arms length service agreement and we pretty much swallowed it whole. The meeting with the diss above, between Mr Parlours, me and the subcommittee representatives, was just part of that whole process. The question of invoices, donations, non-charitable purpose trusts, resulting trusts, management accounts, audits, taxable income blah blah and the exact amount that should be transferred to the new company arose at this time and stretched past incorporation in the Autumn but had begun to surface in late 2012 when I queried the management accounts with the HoD of Financial Control.

Two years later, of course, R was fully plugged in and one of the drivers of the thinking on registration. K was also involved in developing that thinking.

[isocertification47india]

What is the Usefulness of acquiring ISO 45001 Certification in Nigeria

ISO 45001 Certification in Nigeria

ISO 45001 Certification in Nigeria is the worldwide occupational health and protection (OH&S) manipulate machine favored. It outlines the requirements for agencies to establish, put in force, and maintain a framework to save you workplace accidents, ailments, and deaths. This certification applies to all agencies in Nigeria, no matter period or agency.

What is ISO 45001 Certification ?

ISO 45001 certification means that a corporation has met the requirements laid out within the worldwide elegant for occupational health and safety (OH&S) control structures. In less complex terms, it suggests that they have got a gadget installed in the area to actively prevent place of work injuries and illnesses for their personnel.

Here’s a breakdown of the meaning:

 ISO 45001: This is the precise worldwide modern, developed with the aid of a worldwide committee of professionals, that unites the requirements for a nicely-rounded OH&S control device.

Certification: An impartial frame audits the enterprise’s OH&S device to verify it meets the ISO 45001 necessities. This affords warranty that the device is practical and powerful.

Usefulness of ISO 45001 Certification in Nigeria

Enhanced Employee Safety and Well-being:  Consolidated place of work damages and advanced ultra-modern health in your body of people. A strong protective manner of life demonstrates your dedication to employee properly-being.

Improved OH&S Performance: ISO 45001  Certification in Nigeria framework enables agencies proactively understand and mitigate dangers, leading to non-save you development in protection practices.

Compliance with Regulations:  Staying up to date with Nigerian occupational fitness and protection regulations can be complicated. ISO 45001  Certification in Nigeria enables ensure compliance.

Increased Credibility and Market Advantage:  Certification demonstrates your dedication to protection, probably boosting your popularity with customers and customers. It can be a name for a few international delivery chains.

Getting ISO 45001  Certification in Nigeria

The certification gadget involves enforcing an Occupational Health and Safety Management System (OHSMS) that meets the ISO 45001  Certification in Nigeria requirements. This commonly includes:

Gap Analysis: Assess your current OH&S practices toward the ISO 45001  Certification in Nigeria.

Implementation: Develop and implement hints, strategies, and documentation on your OH&S device.

Internal Audits: Conduct ordinary audits to ensure your device is functioning successfully.

Management Review: Regularly evaluate the general performance of your OH&S machine and make upgrades as favored.

Certification Audit: An authorized certification body will test your OH&S device and supply certification if it meets the requirements.

Discovering an ISO 45001 Certification  in Nigeria

Several certifications our bodies in Nigeria offer ISO 45001  Certification in Nigeria offerings. Look for a good frame with enjoyment to your organization and a robust track record.

Conclusion

ISO 45001  Certification in Nigeria is a treasured step for Nigerian organizations to demonstrate their dedication to place of work safety and well-being. It can result in an extra consistent painting environment, advanced worker morale, and an aggressive advantage inside the marketplace.

Why Factocert for ISO 45001 Certification in Nigeria?

We provide the best ISO consultants Who are knowledgeable and provide the best solution. And to know how to get ISO certification. Kindly reach us at contact@factocert.com. work according to ISO standards and help organizations implement ISO certification in Nigeria with proper documentation.

For more information, visit ISO 45001 Certification in Nigeria

Related links 

ISO certification in Nigeria

ISO 9001 certification in Nigeria

ISO 14001 certification Nigeria

ISO 45001 certification Nigeria

ISO 13485 certification Nigeria

ISO 27001 certification Nigeria

ISO 22000 certification Nigeria

CE Mark certification in Nigeria

[foundationhq]

𝐌𝐓𝐅 𝓧-𝟎𝟎; 𝑇𝐻𝐸 𝐵𝑅𝑂𝐾𝐸𝑁 𝑆𝐶𝐴𝐿𝐸𝑆 𝑂𝐹 𝑇𝐻𝐸𝑀𝐼𝑆.

The  newest  Mobile  Task  Force  commissioned  by  the  Foundation’s  Ethics  Committee,  MTF  Chi-00  —  “The  Broken  Scales  of  Themis”  —  has  a  peculiar  roster,  for  a  peculiar  job.  Assigned  the  unenviable  job  of,  essentially,  “auditing”  the  failures  of  other  Task  Forces  and  Sites,  MTF  Chi-00  brings  a  wide  variety  of  talents  and  experiences  to  bear  on  what  is  sure  to  be  a  demanding  mission  log.  These  personnel  range  from  grizzled  veterans  to  startlingly  green  operatives;  while  some  may  have  been  chasing  such  an  opportunity,  others  are  understandably  unnerved  to  realize  that  they’ve  caught  the  eye  of  a  body  so  august  and  enigmatic  as  the  Committee.  What  for?  Well,  presumably,  their  new  colleagues  will  soon  find  out  —  if  they  can  survive  not  only  the  work,  but  each  other.

PARAMETERS.

Themis  is  estimated to be a  year-long  operation  of  the  highest  importance  and  priority  to  the  Foundation.  For many of these operatives, this will be their first project of such a scale. Most of the roster will be complete strangers, working together for the first time — even if some may have reputations that precede them. Each  member  of  MTF  Chi-00  receives  a  special  codename  to  protect  their  identities  and  preempt  sabotage  from  those  who  may  oppose  the  Ethics  Committee, and in turn, the success of The Broken Scales of Themis.  Chi-00  operatives  are  expressly  instructed  to  call  each  other  by  codenames,  especially  in  public  spheres.  It  goes  without  saying  that they are to  trust  no  one  outside  of  the  Task Force.  Contact  with  family,  friends,  and  others unassociated  with  Site-φ  is  prohibited.  Any  leak  can be  fatal.

LODGINGS.

Site-φ  is  the  home  base  for  the  Broken  Scales  of  Themis,  and  can  only  be  accessed  by  a  helicopter.  More  information  can  be  accessed  in  the  dossier,  sent  electronically  on  a  secure,  protected  page for all operatives.  Due to Site-φ's state of the art signal jamming systems, all  staff  must  turn  in  cellular  devices,  laptops,  and any other outside electronic devices that use wireless connections as they will not function in or around the surrounding area of the facility. But don't  worry:  electronics  are  to  be  returned  to  operatives  in  the  state  they  were  confiscated,  outside  of  Site-φ, and all  staff  are given a  modified two-way  pager to communicate  while on the premises.  Any unauthorized electronics found in the possession of staff members will be considered contraband and anyone caught with prohibited items will face disciplinary action at the discretion of Site-φ's Administrative Department.

However, we are sure the members of Chi-00 will hardly miss their electronics as Site Director, Buckley Osterholz, has graciously authorized the use of a newly  installed  home  theater in the operatives' residential building,  featuring  a  curated  collection  of  late  '90s  to  early  00's  favorites  on  DVD,  including  the  likes  of  The  Lord  of  the  Rings  Trilogy  (2001-3),  Crouching  Tiger  Hidden  Dragon  (2000),  The  Truman  Show  (1998),  Ocean's  Eleven  (2001),  Click  (2006),  and  Finding  Nemo  (2003). 

So get   the   popcorn   ready!   No.   Really.   Prepare   it   well   in   advance.   There   is   always   a   shortage   of   popcorn.

Other luxuries allotted to the Chi-00 squad members are the cozy private suites assigned to each operative at a prime location in Site-φ's residential area. Further available amenities for added relaxation include a rooftop terrace and swimming pool and jacuzzi.  However, operatives should keep in mind that the weather of the [REDACTED] Mountains during this time of year is not particularly fit for long dips. Further details of the MTF Chi-00 building will be declassified in a future document, after passing memetic kill agent clearance to ensure members of all security levels exposed to sensitive information retain their minds.

In  very  rare,  infrequent  cases, staff are known to experience  cabin  fever  from  Site-φ's  sequestered  space.  To  mitigate  the  number  of  incidents,  walking  trails  have  been  developed  on  the  mountainside.  Just  sign  up  to  join  the  Walking  Club  for  safety  measures.  Other  natural  features site personnel are welcome to enjoy include: the  crater  lake, which remains at a pleasant 78°F to 85°F year-round and is available for anyone looking to take a quick dip   (assuming that  The  Lifeguard  is  present);  █████████ ██ ████ ██████ ██████ █████████ ████ ██ ████ █████████ ███, and  other  beauteous  landmarks  are  sure  to  keep  simmering,  long-seated,  underlying  tensions  at  bay. 

While  operatives  are  expected  to  stay  onsite  for  the  course  of  their  assignment,  weekend  "vacations"  in  the  small  town  of  Hōuston  (pronounced  Who-ston, town profile to be declassified) are  permitted.  Leave requests  must  be  made  in  advance  and  cannot  extend  beyond  the weekend. 

When  traveling  to  Hōuston,  operatives  must  follow  the  Foundation's  guidelines.  Visiting  staff  must  be  at  the  helipads  for  departure  and  pickup  at  the  assigned  time,  or  may  incur  disciplinary  action.  It  is  prohibited  for  MTF  Chi-00  operatives  to  travel  outside  of  authorized  areas,  unless  on  approved  missions.

TEAM COMPOSITION.

While  operatives  within  MTF  Chi-00  outrank  the  clearance  level  of  most  staff  at  Site-φ  (regardless  of  their  last  position),  Site  Director  Buckley  Osterholz  has  an  equal,  if  not  greater,  say  in  Themis'  tactical  operations.  In  general,  Site-φ  staff  have  been  informed  to  assist  members  of  MTF  Chi-00  for  professional  requests.  Whether  or  not  they  listen  is  to  be  determined.

Within  the  team,  the  chain  of  command  is  as  follows:

Mobile  Task  Force  Commander  𝑆𝑚𝑜𝑜𝑡ℎ  𝑂𝑝𝑒𝑟𝑎𝑡𝑜𝑟

Operations  Controller  𝑂𝑙𝑑  𝑆𝑝𝑜𝑟𝑡

Head  of  Research  𝑅𝑒𝑣𝑒𝑟𝑠𝑒  𝐸𝑛𝑔𝑖𝑛𝑒𝑒𝑟

Military  Advisor  𝐷𝑦𝑖𝑛𝑔  𝐵𝑟𝑒𝑒𝑑

Other  operatives,  based  on  their  skillset  and  career  experience,  will  fall  under  the  leadership  of  these  individuals. 

Although  Site-φ  provides  premium  healthcare  facilities  and  mental  wellness  programs,  Themis'  esteemed  doctors  are  to  administer  immediate  care  during  missions.  It  is  mandatory  that  members  of  Themis  have  routine  checkups  with  the  following  operatives:

Physician  𝐸𝑙𝑒𝑣𝑎𝑡𝑜𝑟  𝑀𝑢𝑠𝑖𝑐

Psychiatrist  𝑀𝑥.  𝐶𝑜𝑛𝑔𝑒𝑛𝑖𝑎𝑙𝑖𝑡𝑦 Wellness Counselor J. Oyuun

These  operatives  are  also  responsible  to  report  any  and  all  injuries,  contracted  illnesses,  and  concerning  behaviors  to  the  Ethics  Committee.

While other Foundation facilities may have a much laxer position in regard to romantic relationships among staff, fraternization is strictly discouraged within  Site-φ;  especially  between  MTF  Chi-00  operatives. It  would  be  decidedly  a  bad  show  for  the  Committee  if  such  indiscretions  come  to  light  due  to the obvious  conflicts  of  interest that could occur.  MTFC  Commander,  𝑆𝑚𝑜𝑜𝑡ℎ  𝑂𝑝𝑒𝑟𝑎𝑡𝑜𝑟, is  required  to  step  in  should  any  misdirected  affections  affect  mission  results and may impose any disciplinary actions he sees fit.  In  extreme  cases,  memory-altering amnestic  use  may  be  permitted  for  the  sanctity  of  the  Task  Force's operations. But, surely, it won't come to that... anyone hand-picked by the Ethic's Committee is a paragon of integrity.

THE MISSION.

The  purpose  of  MTF  Chi-00  is  to  audit  and  find  those  responsible  for  containment  breach  and  mission  failures.  Operatives  must  make  judicious  insights  when  investigating  SCPs,  staff,  facilities,  and  damages.  Loss  of  human  life,  collateral  damage,  cost  of  containment  upkeep,  the  "rights"  of  an  SCP  —  all  these  factors  must  be  accounted  for  when  finalizing  and  submitting  new  special  containment  procedures.  Through  Themis'  recommendations,  some  Foundation  facilities  may  be  decommissioned  indefinitely;  Foundation  employees  will  lose  their  livelihoods,  and  some  may  lose  everything,  terminated  at  the  discretion  of  Chi-00.  The  cost  of  failing  the  Foundation's  mission  has  always  been  high,  and  Themis  has  to  be  prepared  to  cut  away  the  Committee's  pound  of  flesh.  Any  blood  shed  is  on  the  Task  Force's  hands.  Any  grace  given  is  on  the  Task  Force's  crown.

The   Broken   Scales   of   Themis   are   judge,   jury,   and   executioner.   So   will   it   be   mercy?   Or   punishment?    

CONCLUSION.

It  has  taken  the  Ethics  Committee  nearly  two  and  a  half  years  to  amass  the  resources  for  this  special  commission.  Site-φ's  construction,  scouting  of  personnel,  interviewing  candidates,  all  wrapped  up  in  secrecy  —  it  has  all  been  for  this.  The  Foundation  is  a  mess.  The  world  today  is  on  the  verge  of  total  darkness.  Only  those  who  live  in  the  shadows  can  see  through  the  murk,  and  hopefully  dig  up  to  the  light.  A  New  Millennia  is  approaching,  and  Themis  will  usher  in  the  New  Age  for  the  Foundation.

The  Broken  Scales  must  do  what  they  must  to  succeed,  and  have  been  given  all  the  power  to  do  so.  But  above  all,  there  is  one  thing  they  must  remember:  Stay  impartial.  Under  no  circumstances  sympathize  with  a  SCP.

[leanitcorp]

Unraveling the Essence of Data Hygiene

Data Hygiene: Definition, Benefits, and Best Practices

Most of us follow a similar routine in the kitchen: we prepare breakfast in the morning and wipe up any spills or loose crumbs as we go. We reposition containers if the cupboard is chaotic so that we can find the sugar and cereal with ease the next day. We take pasteurized milk out of the refrigerator because we know deep down that it shouldn’t be kept. Taking care of household cleanliness has become second nature, but what about data hygiene? Good data hygiene in sales is as crucial as good kitchen cleanliness.

What is data hygiene?

Maintaining accurate, current, and well-organized sales data through a variety of methods is known as data hygiene. Anything that aids the sales team is considered sales data. This includes data regarding the pipeline for sales, the effectiveness of sales representatives, and potential and existing clients. It is terrible data hygiene and can be detrimental to income to allow stored data to become disorganized or out of current. Errors can occur accidentally when entering data for the first time or when changing entries, and they are simple to overlook. Sales and marketing teams are more productive when they practice effective data hygiene.

Why is data hygiene important?

McKinsey reports that 53% of the world’s top-performing companies use data to drive revenue. Businesses hoping to follow in their footsteps should ask themselves: What is the point in implementing big data if it’s the wrong data?

According to research, these are the top five functions sales data is used for:

Selecting accounts to target

Selecting industries to target

Assessing performance

Selecting regions to target

Identifying the buying committee

Sales teams are unable to do these tasks to the best of their abilities due to poorly handled data.

Data hygiene best practices with lean IT

Happily, the first step towards practicing excellent data hygiene is realizing how important it is. We can cross that one item off the list. It’s also advisable to practice the remaining parts:

Audit the data

Find the info that is already there. Verify that the system for storing, recording, and analysing it is operating correctly. Ascertain which data metrics are important to the company and whether any dirty data—that is, data that is inaccurate or out-of-date—exists, then make the necessary adjustments.

Remove unneeded data

It is possible to have too much info. Data that won’t be helpful for marketing or sales shouldn’t be gathered or retained. This data should not be utilized or stored and may include customer names or contact information on official do-not-contact lists, consumer information from underage sources, or non-compliant data.

Be detail-oriented

Look closely at the details in every entry. Email formats and abbreviations must to be uniform throughout the database. Standardization increases readability and highlights mistakes.

Make data hygiene a habit

Data hygiene is a continuous process; a single clean is insufficient. Accurate data entry and frequent database reviews are essential for reducing wasteful spending and maximizing return on investment.

Enlist a data team

The professionals are the most knowledgeable. Both of the aforementioned jobs and more difficult ones, such as merging or eliminating duplicates, can be completed by a group of data specialists. The group may consist of employees or a data hygiene services provider that has been contracted.

Use the right tools

According to 71% of sales representatives, entering data takes up too much of their time when they should be closing deals. Sales solutions that facilitate data administration, monitoring, and visibility reduce errors and save sellers time.

Lean IT: Data hygiene tools

Saying, “I should keep my kitchen clean,” is simple. But achieving that is a whole different story, and it may quickly become a burdensome task. Data hygiene is no different. For this reason, there are instruments that handle part of these duties rather than placing them on the backs of sales representatives. By integrating automatic data capture with CRM, email, and calendars, sales systems such as Revenue Grid facilitate data hygiene. The software syncs calendars automatically to log meetings into Salesforce and automatically builds Salesforce entries and updates them with new data as it is captured.

Revenue Grid addresses the issue of data visibility by providing sales leaders with a dashboard that displays team analytics, performance metrics, and individual sales activities, in addition to a dashboard that displays real-time pipeline information.

Data hygiene vs. data cleansing

The majority of salespeople have at some point heard the term “data cleanse,” but what distinguishes data cleansing from data hygiene?

In everyday language, picture yourself going about your business at home and performing as little duties as possible. Dishes are placed in the sink, but you don’t wash them. You never scrub the shower; you just spray it down. The house will be filthy in a month.

You need a major cleanup after not managing tasks or data for a while; on the other hand, maintaining excellent data hygiene is similar to tidying up as you go and avoiding problems.

Both entail identifying and eliminating inaccurate or out-of-date data. Still, you can’t depend solely on data purification. Regular data cleansing is just one aspect of sound data hygiene.

Data cleansing process

One excellent way to start implementing proper data hygiene is with a data clean. When a business has to cleanse its data, there are a few key actions they need to take: 1. Identify and remove duplicate data 2. Eliminate any useless or out-of-date data. 3. Remove unnecessary information to avoid errors and duplications. 4. Fill up any gaps in the data by entering values or, if necessary, merging 5. To maintain consistency in the data, standardize field formats and naming practices. 6. To guarantee quality, evaluate your data and the parameters used for data gathering.

Get clean and stay clean

Armed with a deep understanding of data hygiene, it’s time to explore the business data hygiene options and techniques with lean IT, a well-planned data hygiene strategy strengthens sellers’ customer knowledge and reduces wasteful spending, thereby improving return on investment.

Please contact us / call us for more details.

Read More At: https://leanitcorp.com/mastering-marketing-automation-lean-its-guide-to-streamlining-your-business-with-top-tools/

Tags: salesforce nonprofit partners, salesforce managed services partner, salesforce customization partners, salesforce cpq consulting

[ccgcatalyst]

Maximizing Efficiency and Compliance with Banking Consultants: A Guide for Financial Institutions

The Role of Banking Consultants

Banking consultants are experts with extensive experience in the financial sector. They offer advisory services to banks and financial institutions, providing insights and solutions tailored to the unique needs of the industry. These consultants can cover a broad range of topics, from regulatory compliance and risk management to process optimization and digital transformation.

Why Banks Need Consultants

The banking industry is in a constant state of flux, driven by evolving regulations, technological advancements, and changing customer expectations. Here are a few reasons why banks are turning to consultants for guidance:

Regulatory Compliance: Regulatory bodies like the Basel Committee and national financial regulators impose stringent rules on banks. Compliance is not only crucial for avoiding penalties but also for maintaining trust with clients and stakeholders. Banking consultants help institutions stay ahead of regulatory changes and implement best practices.

Risk Management: Identifying and mitigating risks is a core function of any bank. Consultants bring expertise in risk assessment and management, helping banks develop robust risk management frameworks that cover credit risk, market risk, operational risk, and more.

Operational Efficiency: In a competitive market, efficiency is key to maintaining profitability. Banking consultants analyze existing processes, identify inefficiencies, and recommend changes that streamline operations. This can lead to cost savings, improved customer service, and increased competitiveness.

Digital Transformation: The digital revolution is reshaping the way banks operate. From mobile banking to fintech partnerships, banks must embrace technology to stay relevant. Banking consultants guide institutions through digital transformation, ensuring they adopt the right technologies and strategies.

Key Areas Where Banking Consultants Add Value

Banking consultants offer expertise across a range of critical areas. Here are some examples of how they can add value to your institution:

Compliance Audits and Training: Consultants conduct thorough audits to identify compliance gaps and provide training to ensure staff understand regulatory requirements.

Risk Assessment and Management: Consultants help design and implement comprehensive risk management strategies that protect against various types of risks.

Process Optimization: By analyzing workflows and operations, consultants suggest improvements that lead to greater efficiency and reduced costs.

Technology Implementation: Consultants assist with selecting and implementing technology solutions that align with the bank's strategic goals.

Strategic Planning: Consultants work with senior Banking Management Consulting to develop long-term strategies that position the bank for growth and success.

Choosing the Right Banking Consultant

Selecting the right consultant is crucial for achieving the desired outcomes. When evaluating potential consultants, consider their experience, track record, and understanding of the banking industry. Look for consultants who have worked with institutions similar to yours and who can demonstrate a history of successful projects.

[sudheervanguri]

IQVIA is hiring a Safety Aggregate Report Specialist 2 (exclusively in Kolkata). Work Type: Full-Time Workplace Duties: Work Summary: IQVIA is seeking a Safety Aggregate Report Specialist to work in Kolkata, India. Managing safety aggregate reports, literature surveillance, signal management operations, and benefit risk management paperwork are among your responsibilities in this position. Crucial Roles: Assume responsibility for the SARA deliverables and make sure that service level agreements (SLAs) are followed. Oversee the creation and completion of numerous aggregate reports, such as line listings, RMPs, DSURs, PADERs, PBRERs/PSUR, and RMPs. When necessary, draft answers to questions from the Pharmacovigilance Risk Assessment Committee (PRAC) and regulatory bodies. Maintain continuous literature safety surveillance, including identification of ICSRs and aggregate data review, for both marketed and investigational products. Assume the role of Signal Management Lead for post-marketing and clinical trial initiatives, establishing signaling protocols, carrying out signal identification tasks, and recording signals. Interface with clients and collaborate with internal functional groups within Lifecycle Safety and other business units. Take part in audits, support departmental objectives, and follow standard operating procedures (SOPs). Qualifications: Requires a bachelor's degree in a medical or scientific field. Preferably two to three years of relevant work experience. outstanding familiarity with Lifecycle Safety services and procedures combined with a readiness to pick up new abilities. Understanding of global regulatory requirements such as Good Clinical Practice (GCP), Good Pharmacovigilance Practice (GVP), and International Conference of Harmonization (ICH) guidelines. Proven ability to meet deadlines, manage competing priorities, and maintain high-quality standards. Proficiency in Microsoft Office applications and familiarity with medical terminology. Strong communication, organizational, and time management skills. good judgment, self-reliance, and ability to make decisions. Self-driven, adaptable, and possessing strong coaching and mentoring abilities. strong project management, operational metrics, and leadership skills knowledge. [caption id="attachment_47409" align="aligncenter" width="930"] IQVIA Jobs; PV Safety Aggregate Report Specialist 1[/caption] About IQVIA: IQVIA is a world leader in clinical research services, technology solutions, and advanced analytics for the life sciences sector. Come along with us to positively influence healthcare around the world. Visit IQVIA Careers to learn more. How to Apply: Don't miss this opportunity to contribute to impactful work and grow your career at IQVIA. Apply now for the IQVIA Hiring Safety Aggregate Report Specialist 2  - Kolkata using the IQVIA PV Referral Link.

[lexlevelservices]

Safeguarding your PoSH Audit Cycle by Lexlevel Services.

At Lexlevel Service, we understand the importance of fostering a work environment free from harassment. That’s why we offer comprehensive PoSH audits, a proactive step towards building a safe and respectful space for your employees.

What is a PoSH Audit Cycle?

PoSH stands for the Prevention of Sexual Harassment Act, 2013, a crucial piece of legislation in India. A PoSH audit is a systematic evaluation of your organization’s policies and practices related to preventing and addressing sexual harassment.

Benefits of a PoSH Audit Cycle:

Compliance: The audit ensures your company adheres to the PoSH Act’s legal requirements, minimizing the risk of penalties. Prevention: Identifying gaps in your existing system allows for improvements, ultimately preventing harassment incidents. Improved Work Culture: A strong PoSH framework fosters trust and respect among employees, leading to a more positive work environment. Empowerment: Employees feel empowered to report harassment, knowing there’s a proper mechanism for investigation and redressal. Lexlevel Services — Your PoSH Audit Cycle Partner

Our experienced team conducts a thorough PoSH audit cycle, covering:

Policy review: We assess your existing sexual harassment policy for completeness and alignment with the PoSH Act. Training evaluation: We analyze the effectiveness of your anti-sexual harassment training programs. Internal Complaints Committee (ICC) assessment: We evaluate the ICC’s composition and functioning. Past case review: We analyze how your organization has handled past harassment complaints. Following the audit, we provide a detailed report with findings, recommendations, and an action plan to strengthen your PoSH compliance.

Invest in a Safe and Respectful Workplace

Contact Lexlevel Services today to schedule your PoSH audit cycle and create a work environment where everyone feels valued and protected.