Why the Emphasis on Corporate Governance?

Leave a Comment / Governance, Internal Audit, Internal Control /

http://www.gmsisuccess.in Why the Emphasis on Governance? Governance deals with the structures and processes by which an organization is directed, controlled and held to account. Proper governance provides the means to help an organization achieve its goals and objectives. The achievement of good governance is important for every public sector organization, including ministries, Crown agencies, health […]

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Key Differences between SOX Compliance and IIA Standards Conformance

Leave a Comment / Governance, Internal Audit, Internal Control, Risk Management /

Difference between staffing an internal audit department exclusively for SOX Compliance purposes vs. staffing an internal audit department that operates in conformance with IIA Standards. SOX Overview, with specific focus on the internal control assessments required under Section 404 Two criteria used to comply with SOX 404 (COSO Internal Control Framework & PCAOB Auditing Standards)

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The best Cma course provider in mumbai

Leave a Comment / Accountancy, Banking and Finance, Financial Reporting, General, Governance, Internal Audit, Internal Control, Management Accountant, Risk Management, Six Sigma, Uncategorized /

The best Cma course provider in mumbai Welcome to GMSISUCCESS the premier institute for CMA US, CIA US, IFRS, FRM, US CPA, ACCA UK, and COSO tutoring in Mumbai. Renowned for our unparalleled excellence, we stand as the epitome of success in professional accounting and finance education. At GMSISUCCESS, we pride ourselves on our exceptional faculty

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Why Is Integrated Reporting Important For Sustainability?

Leave a Comment / Financial Reporting /

Why Is Integrated Reporting Important For Sustainability? It was soon realised that sustainable development goals which require long-term planning and a cooperative approach could not be achieved with the decisions and practices of the state only. Accordingly, the notion of corporate sustainability, which was defined for sustainable development for macro-scale states, in parallel with micro-scale

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Auditing an organization’s governance and ethics

Leave a Comment / Governance /

We have no universally accepted definition of the word “governance.” The Institute of Internal Auditors (IIA) defines corporate governance as “the combination of processes and structures implemented by the board to inform, direct, manage, and monitor the activities of the organization toward the achievement of its objectives.” While many organizations throughout the world follow this definition, others

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Coordinating risk management around risks that matter – The value of assurance

Leave a Comment / Risk Management /

Hazards A hazard can be anything – whether work materials, equipment, work methods or practices – that has the potential to cause harm. Risks A risk is the chance, high or low, that somebody may be harmed by the hazard. Risk assessment Risk assessment is the process of evaluating risks to workers’ safety and health

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Cambridge University moves all lectures online until summer 2021

Leave a Comment / General /

By Ewan Somerville The university said “given that it is likely that social distancing will continue to be required, the University has decided there will be no face-to-face lectures during the next academic year.” Tutors have been told that lectures will be held virtually, including live-streams. However, the institution still plans to hold seminars, work

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Stock Splits

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STOCK SPLIT http://www.gmsisuccess.com What is a Stock Split? All publicly traded companies have a certain number of shares outstanding that are issued and purchased by the investors. When a company’s board of directors decides to split its stock, it basically increases the number of shares outstanding by issuing additional shares to current shareholders. During stock

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Why Management Accountants Can Play Important Role for application of Six Sigma in Industry

Leave a Comment / Six Sigma /

The nature of business has changed dramatically since the late 1980s when the United States’ lead in productivity was subjected to increasingly direct foreign competition from Asian and European industries. The American response to these challenges has been twofold. First, industries in the United States have moved production of less-complex standardized goods to foreign plants

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