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1 SOX Compliance & Audit Risk Management & Consulting Services Riskpro, India
26

Sox compliance services brochure 2013

Sep 03, 2014

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Nidhi Gupta

With advent of growing business scale, cross border operations, legal ramifications associated and witnessed instances of growing corporate and accounting scandals, SOX compliance has been gaining importance towards need for top management to certify the accuracy of financial information, increased independence of the outside auditors who review the accuracy of corporate financial statements, and increased oversight role of boards of directors.

We at Riskpro do understand the need for corporates to be SOX complaint w.r.t compliance clauses, public disclosures, management certification and audit, training needs for your teams, hence we’re pleased to launch our SOX Risk Advisory Services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
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Page 1: Sox compliance services brochure 2013

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SOX Compliance & Audit Risk Management & Consulting Services

Riskpro, India

Page 2: Sox compliance services brochure 2013

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About Riskpro

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Who is Riskpro… Why us?

ABOUT US

Riskpro is an organization of member firms around India devoted to client service excellence. Member firms offer wide range of services in the field of risk management.

Currently it has offices in three major cities Mumbai, Delhi and Bangalore and alliances in other cities.

Managed by experienced professionals with experiences spanning various industries.

MISSION

Provide integrated risk management

consulting services to mid-large sized corporate /financial institutions in India

Be the preferred service provider for complete Governance, Risk and Compliance (GRC) solutions.

VALUE PROPOSITION

You get quality advisory, normally delivered by large consulting firms, at fee levels charged by independent & small firms

High quality deliverables

Multi-skilled & multi-disciplined organisation.

Timely completion of any task

Affordable alternative to large firms

DIFFERENTIATORS

Risk Management is our main focus

Over 200 years of cumulative experience

Hybrid Delivery model

Ability to take on large and complex projects due to delivery capabilities

We Hold hands, not shake hands.

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RiskPro Highlights

Large talent pool of risk experts, consultants and

associate partners in India with deep domain skills for

domestic and global clients

11 service locations across Indian region with key

offices in New Delhi, Mumbai and Bangalore

Deep expertise in consulting with over 200 years

of cumulative consulting experience

Operating Groups: Risk-Advisory, Consulting,

Training & Human Capital Solutions

Service Lines : Credit, Operational, Fraud Risks,

ERM, Regulatory Compliance, Outsourcing

Management, Corporate governance

We are fastest growing risk consulting company

and have realistic plans to capture coming

opportunities while competing with Big - 4’s for

superior, unmatched, low cost services to our

clients

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Riskpro’s Network Presence

New Delhi

Mumbai

Bangalore

Ahmedabad

Pune

Agra

Salem

Kolkata

Hyderabad

Chennai

Jaipur

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Sarbanes-Oxley Act, or commonly known as (SOX) was enacted

during 2002 post series of high profile scams with a view to strengthen

internal controls over financial reporting requirements and disclosures.

It’s a continuous process aimed at increased independence of the

outside auditors who review the accuracy of corporate financial

statements, and enhanced the oversight role of boards of directors.

Key Titles include:

SOX Compliance- Preface

Public Company Accounting

Oversight Board (PCAOB)

Auditor Independence

Corporate Responsibility

Enhanced Financial

Disclosures

Analyst Conflicts of

Interest

Commission Resources and

Authority

Corporate and Criminal Fraud Accountability

Studies and Reports

White Collar Crime Penalty Enhancement

Corporate Tax Returns

Corporate Fraud Accountability

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SOX Section 302 - Corporate Responsibility for Financial Reports

-CEO and CFO must review all financial reports.

-Financial report does not contain any misrepresentations.

-Information in the financial report is "fairly presented".

-CEO and CFO are responsible for the internal accounting controls.

-CEO and CFO must report any deficiencies in internal accounting

controls, or any fraud involving the management of the audit

committee.

-CEO and CFO must indicate any material changes in internal

accounting controls.

SOX Compliance- Major Sections Overview

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SOX Section 404: Management Assessment of Internal Controls

All annual financial reports must include an Internal Control Report

stating that management is responsible for an "adequate" internal

control structure, and an assessment by management of the

effectiveness of the control structure. Any shortcomings in these

controls must also be reported. In addition, registered external auditors

must attest to the accuracy of the company management assertion that

internal accounting controls are in place, operational and effective

SOX Compliance- Major Sections Overview

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SOX Section 409 - Real Time Issuer Disclosures

Companies are required to disclose on a almost real-time basis

information concerning material changes in its financial condition or

operations.

SOX Section 902 - Attempts & Conspiracies to Commit Fraud

Offenses

It is a crime for any person to corruptly alter, destroy, mutilate, or

conceal any document with the intent to impair the object's integrity or

availability for use in an official proceeding.

SOX Section 906 - Corporate Responsibility for Financial Reports

Section 906 addresses criminal penalties for certifying a misleading or

fraudulent financial report. Under SOX 906, penalties can be upwards

of $5 million in fines and 20 years in prison

SOX Compliance- Major Sections Overview

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All applicable companies must establish a financial accounting

framework that can generate financial reports that are readily verifiable

with traceable source data. This source data must remain intact and

cannot undergo undocumented revisions. In addition, any revisions to

financial or accounting software must be fully documented as to what

was changed, why, by whom and when.

Lawsuits and negative publicity, a corporate officer who does not

comply or submits an inaccurate certification is subject to a fine up to

$1 million and ten years in prison, even if done mistakenly.

If a wrong certification was submitted purposely, the fine can be up to

$5 million and twenty years in prison.

SOX Compliance- Understanding its Importance

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Riskpro - Integrated Services Continuum

Audit Taxation

Consulting Training

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Improved corporate governance, strengthen controls, and increase investor confidence

Internal controls documentation and evaluation services

Assessment of risks, remediate inefficiencies and recommend a plan for improvement and

continuous monitoring

Effective evaluation, documentation and sign-off procedures to support management's design

and operation of the internal control system

Enhanced Enterprise-wide risks, based on the recognized COSO standards

Improved oversight by the audit committee and board of directors

Increased efficiency, effectiveness and overall functionality of the internal audit function

Experienced and accredited SOX professionals using an industry-recognized framework and

risk-based methodologies

Our Value Proposition- How do you benefit….

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Riskpro Clients Our Clients

*Any trademarks or logos used throughout this presentation are the property of their respective owners

Banking/

Insurance

Corporate

MNC

Banking

Intl

Consulting

IT / Others

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Team Experiences Our Experiences

*Any trademarks or logos used throughout this presentation are the property of their respective owners

Our team members have worked at world class Companies

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RESUMES – Our team

Co-Founder - Riskpro

CA, CPA, MBA-Finance (USA), FRM (GARP)

Over 10 years international experience – 6 years in Bahrain and 4 years USA

15 years exp in risk management consulting and internal audits, Specialization in Operational Risk, Basel II, Sox and Control design

Worked for Ernst & Young (Bahrain), Arab Investment Company (Bahrain), Navigant Consulting(USA), Kotak Mahindra Bank (India) and Credit Suisse(India)

Sox Compliance project for Fannie Mae, USA ( $900+ Billion Mortgage Company)

Manoj Jain

Co- Founder - Riskpro

CA (India), MBA (Netherlands), CIA (USA)

Over 15 years of extensive internal and external audit experience in India and abroad.

Worked with KPMG United Arab Emirates, PKF South Africa, Ernst and Young Kuwait, Deloitte Netherlands and KPMG India.

Worked with clients in a wide variety of industries and countries including trading, retail and consumer goods, NGO, manufacturing and banking and finance. Major clients include banks, investment companies, manufacturing organizations, aviation etc.

Rahul B

han

Credentials

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RESUMES - Our team

Co-Founder - Riskpro

PGD (Electrical & Electronics & Computer Programming)

30 years of experience in Information & Communications Technology (ICT) Solutions for Retail, Garments, Manufacturing, Services Industries.

Has created Companies, Divisions, Products, Brands, Teams & Markets.

Consulting in Business, Technology, Marketing & Sales & Strategic Planning.

Advisory, Training, Workshops & Implementation in Systems Thinking, Systems Modeling & Balanced Scorecard

Worked with TIFR, Mahindra, Ambience, Communico-Graphique & Ionidea Inc, USA,

Casper

Abra

ham

Credentials

Sr Vice President – Risk Management

MBA, PDFM,NSE-NCFM, PMP, CSSGB,ISO 9001:2000 I.A,GARP-FBR, ITILV3,CPP-BPM

Professional with 17 years of rich experience into diverse Consumer finance/ Lending operations ,Risk Management,BPMS, Consumer Banking, NBFC, Management Consulting & Housing finance in BFSI industry having successfully led key business strategic engagements across multi-product environment in APAC, Australia and US regions.

Worked with GE, ABN AMRO Bank, Citigroup, Accenture, Deutsche Postbank

Highly skilled and expert Trainer in Risk areas across Credit, Fraud, Operational, Corporate Risk management.

Specializes in Fraud Control, AML/KYC Compliance ,QA ,ERM and Regulatory governance.

Hem

ant S

eig

ell

Page 17: Sox compliance services brochure 2013

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RESUMES - Our team

Head - Insurance Risk Advisory services

B.sc, Associate of Indian Institute of Insurance

Licensed Category A Insurance surveyor

26 years of experience in Insurance advisory services, Loss adjusting for large corporates,Claims management.

Has assessed more than 4500 high value insurance claims across various industry sectors.

Risk management inspection

Valuations of fixed assets for insurance purpose.

R. G

upta

Credentials

Head - Human Capital Management

Chartered Accountant, Lead Assessor ISO 9000, Six Sigma Trained, Trained on Situational

Leadership, Trained on interviewing skills and Whole Message Model.

Over two decades of international, multi-cultural experience in finance and human resources viz. internal audit, accounting operations, accounting process review & re-designing, risk management, business solutioning, six sigma projects, talent acquisition, talent retention, organization design/redesigning, compensation and appraisal processing, employee and customer satisfaction surveys, knowledge management and finance services.

Worked with Citicorp/MGF, India Glycol, Delphi, American Express India, American Express USA, Fidelity International and Macquarie Global Finance Services India.

Nile

sh B

hatia

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RESUMES - Our team Credentials

Vice President & Head – IT Risk Advisory

Over 14+ Years of Experience in Information Security and Risk Management & CISM certified

Headed the Global Information Security team of Daimler (Mercedes-Benz) Worldwide at Bangalore for 9 years, previously worked at organization like Wipro, Bangalore Labs

Multi-sector experience including Banking, Insurance, Finance, Energy, Manufacturing, Retail, Hi-Tech & Telecom, and Automobile

Well known Ethical hacker: Was featured in BusinessWorld Magazine in an article about leading ethical hackers in India and published several articles in Print and Online Media

Rich experience in Information Security Audits across Corporations, 3rd Party Suppliers, Joint Ventures across several countries in the world including US, UK, China, Germany

Aashis

h S

hrivasta

v

Ravik

iran B

handari

Specialist Consultant – Legal Risk Advisory

B.B.A. LL.B. (Hons.)

About half a decade experience in legal services to client’s with respect to Contract and Commercial Laws, Joint Ventures, Inbound & Outbound Investments, Private Equity Investment Transactions, Real Estate & Infrastructure, Energy and General Corporate.

Have advised various social enterprises and start ups in setting up business in India.

Worked for the leading law firms of India such as FoxMandal Little.

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RESUMES - Our team Credentials P

hanin

dra

Pra

kash

Vice President – Riskpro India

FCA [India], ACMA [India], CFE [USA], CertIFRS [UK]

Over 16 years of extensive consulting experience which includes financial & systems audit, process transformation, implementation of internal controls, SOX compliance, fraud audits & due diligence, US-India taxation

Engaged in consulting roles as trusted advisor to finance, internal audit and information technology executives of multiple Fortune 1000 companies with project sites in US, Canada, Europe & Asia

Worked with E&Y and Deloitte Consulting in USA

Some of the major clients served internationally are GE Capital, UBS, McKesson, Eaton, Imation, Albertsons,

EVP and Head – Telecom Risk Advisory

M.Tech, IIT Kharagpur, India; IES; Doctoral study, research and teaching in Linkoping University/Sweden; Lead Auditor (BVQI).

Over 30 years on International experience in networks and mobile Handsets from top global companies /institutes like ISRO, Ericsson, Nokia, Nokia Siemens Networks and based mostly in its head quarter locations in India, EU, USA.

Expertise: Setting up capability, behaviour, culture in turning Risk, Quality, Innovation for competitive advantage, customer delight and sustainability; key skill sets are Engagement, Handholding, Coaching, Mentoring and lot of best practices, benchmarking/standards like CMMI, TL9000, Six Sigma, ISO, SAS 70 etc.

Asok S

it

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Executive Vice President – Risk Management ( Banking & Financial Services)

A hands-on banking professional {BSc (Mathematics), CAIIB with considerable domestic and international experience

An aggregate experience of 24+ years across industry, mainly BFSI in several functional areas including Retail and Commercial Banking, Corporate Lending, team member of the Business Process Re-Engineering project (BPR); conceptualizing and setting up shared services centres for centralized operations for the Bank in India.

Management through ERM framework overseeing all key areas of the business through various Operational Risk tools like KRI / RCSA matrices. Managing of major project implementation of Basel II and Compliance risk framework

Directing, reviewing and advising Board of Directors on various compliance issues and representing the bank to the Central Bank regulatory offices.

Worked for ANZ Grindlays Bank, Standard Chartered, Bahraini Saudi Bank and Dubai Holdings ( subsidiary)

Kashi B

anerj

ee

RESUMES - Our team Credentials

Consultant – Information Security & IT Governance

LLB, CA, CISA, CWA, CS, CFE and others

Over 15 years of experience in the field of Audit, Taxation, Investigations.

Specializing in the field of Systems Audit, Cybrex Audit, Computer Crime Investigations, IS Forensics

International Committee Member of Governmental and Regulatory Agencies Board and Academic Relations Committee of ISACA, USA

Anja

y A

garw

al

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RESUMES - Our team Credentials S

iddhart

ha G

hosh

Executive Vice President – Riskpro India

CPA (USA), ACA, ACS, Grad CWA (India), MBA (USA), Associate ICPAS (Singapore)

Over 25 years of extensive audit and industry experience which includes 19 years with Rolls-Royce India Pvt Ltd at New Delhi and its associate and parent companies of Rolls-Royce in UK, USA and Singapore in all aspects of Finance, Taxation, Audit, Banking, Legal, Company Secretarial, Statutory compliances and due diligence, Internal Control, ESOP, Budgets, Cashflows, Forecasts, MIS Reporting, HR, Expatriate & Office Administration, Payroll, IT, Retirement Funds Administration, Shared Services, Project Accounts, etc.

Worked with Price Waterhouse Coopers for 4 years with reputed MNCs, banks, Indian corporate houses

Worked with McNally Bharat Engineering Company Ltd for 4 years

Priti T

aw

ari

Vice President – Riskpro India

B. Com, ACA, Dip. IFRS

Over 6 years of extensive audit and industry experience in all aspects of Finance, Taxation, Audit, Legal, Company Secretarial, Statutory compliances and due diligence, Internal Control, Budgets, Cash flows, Forecasts, MIS Reporting, HR, Expatriate & Office Administration, Payroll, IT, Project Accounts, etc.

Worked with Price Waterhouse Coopers for 3 years in audit & assurance for reputed MNCs, Indian corporate houses.

Engage in own practice since 2010 specialize in outsourcing of finance department in mid size MNCs and consultation in Indirect Taxes and Management Reporting

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Executive Vice President – Risk Management ( Banking & Financial Services)

Professional Risk Manager with considerable domestic and international experience

An aggregate experience of 30 + years across industry, mainly Banking in several functional areas including Wholesale Credit Risk, Operational Risk, Trade Finance , Retail Banking and Islamic Financial Services.

Track record of setting up of excellence in the set-up, and management of credit and operational risk, compliance and credit administration functions in retail, commercial , Islamic Banking and offshore banking entities in the Middle East.

Key strength includes Corporate Credits, Risk Management in IT, implementation of Risk Management module in core banking Bank’s Policies, procedures, Country Risk. Played an active role in 3 core banking software implementations

Worked for a Private Sector Bank in India, ABN AMRO Bank, Bahrain, Bank Muscat Bahrain and BMI Bank Bahrain as AGM Risk Management.

Vija

yan G

ovin

dara

jan

RESUMES - Our team Credentials

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RESUMES - Our team Credentials M

anoj K

um

ar

Senior Vice President CAIIB 20 Years of hard core banking experience in India’s most reputed banks across wide functional areas. Worked with Central Bank of India, ICICI Bank, HDFC Bank, and Axis Bank as Asst Vice President, Cluster Head, and Branch Head. Areas of expertise are Financial Risk Management, NPA-Credit-Debt Management, Asset Reconstruction, Project Finance, and others. Accomplished several achievements in the functional areas of banking.

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RESUMES - PARTNERSHIPS

Consultant – Information Security & IT Governance

LLB, CA, CISA, CWA, CS, CFE and others

Over 15 years of experience in the field of Audit, Taxation, Investigations.

Specializing in the field of Systems Audit, Cybrex Audit, Computer Crime Investigations, IS Forensics

International Committee Member of Governmental and Regulatory Agencies Board and Academic Relations Committee of ISACA, USA

Anja

y A

garw

al

Consultant – Quality Management

Founder of PMG, a TQM Consulting Co in Delhi

Mechanical Engineer

20+years experience in TQM concepts.

Strong skill set in various productivity & quality improvement projects including Six Sigma offerings

Past experiences include reputed organizations like Andersen Consulting, Eicher Consulting & Nathan & Nathan consultants

Piy

ush K

um

ar

Credentials

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Specialist Risk Consultant – Business Continuity

Founder and 15-year Chairman of Survive, the first international user group for Business Continuity professionals

Founding director and first Fellow of the Business Continuity Institute

Over 25 years international consulting expertise in Risk, Crisis, Emergency, Incident, and Business Continuity and ICT Disaster Recovery Management

Multi-sector experience including Banking, Insurance, Finance, Oil, Gas, Energy, Manufacturing, Retail, Hi-Tech & Telecom

Western Press Award for services to business, 1994; BCI/CIR nomination for lifetime achievement in BC, 1999, London; inducted into BC Hall of Fame by CPM magazine, 2004, Washington DC.

An

dre

w H

iles

RESUMES - PARTNERSHIPS

Specialist Risk Consultant – Enterprise Risk Management

Highly skilled risk and insurance professional with 25 years of experience designing, developing and implementing large, global corporate risk management programs for Fortune 500 firms.

Principal Consultant and Founder - Excellence in Risk Management, LLC. (Texas, USA) Co-founder and EVP, Professional Services, rPM3 Solutions, LLC (Maryland, USA).

Past experiences include Head of Global Risk Management for USAA, PepsiCo/Tricon Global and American National Red Cross

Additional risk and insurance experience at Verizon Corp,. Marsh USA and Liberty Mutual Insurance Co.

2004 Risk Manager of the Year – 2007 recipient of the Alexander Hamilton Award for “Excellence in ERM” (at USAA) – former President, Risk and Insurance Management Society, Inc.

Ch

ris E

. M

an

de

l

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Key Contacts Corporate Mumbai Delhi Bangalore

Riskpro India Ventures (P)

Limited

[email protected]

www.riskpro.in

F 186, Sarita Vihar

New Delhi 110076

Manoj Jain Director

M- 98337 67114

[email protected]

Shriram Gokte

EVP - Risk Management

M- 98209 94063

[email protected]

Sivaramakrishnan President – Banking & FS

M- 98690 19311

[email protected]

Rahul Bhan Director

M- 99680 05042

[email protected]

Hemant Seigell SVP – Risk Management

M- 99536 97905

[email protected]

Casper Abraham Director

M- 98450 61870

[email protected]

Vijayan Govindarajan EVP – Risk Management

M- 99166 63652 [email protected]

Ravikiran Bhandari VP – IT

Risk Advisory M- 99001 69562

[email protected]

Ghaziabad / Noida Chennai Kolkata Gurgaon

Siddhartha Ghosh

EVP - Finance M- 9810058072

[email protected]

R Gupta - Insurance Risk M- 98101 07387

R. Muralidharan

EVP – Risk Management

M- 95660 77326

[email protected]

Kashi Banerjee

EVP – Risk Management

M- 98304 75375

[email protected]

Nilesh Bhatia

Head – Human Capital Mgt.

M- 98182 93434

[email protected]

Asok Sit

EVP – Telecom Risk Advisory

M- 98105 03463

[email protected]

Pune Salem Ahmedabad Hyderabad / Agra

M.L. Jain

Principal – Strategy Risk

M- 98220 11987 [email protected]

Priti Tawari

M- 9011054085 [email protected]

Chandrasekeran

Recruitment franchisee

M – 94435 99132

Manoj Kumar

M – 98983 65320

Maulik Manakiwala M – 98256 40046

Gourav Ladha Sap Risk Advisory

M- 97129 52955

Phanindra Prakash (Hyderabad)

Member Firm

M- 95500 61616

Alok Kumar Agarwal (Agra) Member Firm

M- 99971 65253