ew consultants services
DESCRIPTION
EW Consultants Service OfferingsTRANSCRIPT
www.ewcindia.co.in
“ Our Service is a
commitment to deliver what’s
best for our clients…”
History of Frauds & Recent Surveys
Contents
Risk & Challenges
About us…
What we do…
How we do…
Why us…
Our Team & Credentials…
Annexure…
History of Financial Frauds
Company Audit Firm Type of Fraud
2010 Lehman Brothers Ernst & YoungFailure to disclose Repo
transactions to investors
2009 Satyam Computers PWC Falsified accounts
2004 AIG PWCAccounting of structured financial
deals
2002 Worldcom Arthur Andersen Overstated cash flows
2002 Kmart PWC Misleading accounting practices
2001 Enron Arthur Andersen Corporate fraud and corruption
2000 Xerox KPMG Falsifying financial results
Ye
ar
GCC Fraud Survey 2011
Source: Deloitte
Global Fraud Report 2011-12
Source: Kroll
Computer Crime and Security Survey 2010/2011
Source: Computer Security Institute
Risk & Challenges
We should have
considered SoD while granting
access
Does my IT systems has sufficient
password and user access security
controls
How could
someone did fraud even after we
closely monitor it
Why IT team is spending lot of
unproductive time on maintenance
Is my system prone to
access intrusions
Auditor declared controls to be
ineffective
Our ERP
implementation team never gave us the
controls
How do I design controls in my business and IT systems
What is the
Solution???
Are we ready for IFRS
Convergence
How IFRS will affect my
Financial systems
EW Consultants Private Limited is a specialized Advisory firm offering a wide range of services in four
major domains i.e. People, Process, ERP Systems and IT Infrastructure. Our wide range of services help our
clients to deal with specific and everyday challenges. Our Onsite - Offshore (Dual shore) operating
model helps us provide high quality services in the most cost efficient manner.
We have a team of dedicated, experienced and highly qualified risk advisory professionals who have
worked for ‘Fortune 500’ clients across countries including US, UK, Europe, APAC, UAE and India. Our
team comprises of CA, MBA, CIA, CISA, CFSA, ISO 9000 Auditor, Engineers and SAP certified
professionals. Our team comes from diverse Big4 backgrounds, bringing extensive delivery and project
management experience for rendering advisory services.
EW Consultants is also supported by specialized partner firms of highly experienced advisory
professionals, having a combined experience of over 400 man-years. Collectively, we brings a huge
knowledge database to help our clients with best possible solution. Our advisory team consisting of
CEO’s, CIO’s and CFO’s of large corporations, who acts as our mentors in guiding us of the latest industry
trends.
Our Service Capabilities:
About Us
Risk Advisory
Assurance
Consulting
Outsourcing
Training
What we do…
IT Infrastructure
ERP System
Process
People
We provide One-stop
solution for all your
business needs…
Our Services
Services Offerings
Risk Advisory Assurance Consulting Outsourcing Training
Risk Advisory Services
Scope of Services
Business Process Controls
ERP Process Controls
ERP Configurable Controls
ERP User access and Segregation of duties Controls
ERP Security Controls
IT General Controls
Data & Information Security
Infrastructure Security
Data Center Security
Vulnerability Assessment & Penetration Testing
Application Security
Assurance Services
Scope of Services
Statutory Audit and Compliance
Audit Support for ERP Systems
Internal Audit and Compliance
End-user tools (EUT) Validation Audits
Sarbanes Oxley (SOX) Business Controls Audits
Sarbanes Oxley (SOX) IT Controls Audits
Taxation – Direct and Indirect
Audit Assistance for Banks
Consulting Services
Scope of Services
Business & IT Policy and Procedure Documentation
Business Process Improvement and Mapping
AS-IS and TO-BE Process Documentation
ERP Audit Procedure Documentation
ERP Selection and Benchmarking
ERP Pre Go-live Assessment
Business Continuity and Disaster Recovery Planning
SAP GRC Rule-set designing
IFRS Convergence
Talent Management (Executive Coaching & Branding)
Infrastructure Sizing for ERP Implementation
Outsourcing Services
Scope of Services
Sarbanes Oxley ITGC Testing
ERP and Application Controls Testing
Internal Audit Processes
Statutory Audit Support
Executive and Manpower Recruitment
Trainings
Training Services
Scope of Services
ERP Audit Training
IFRS Preparation Training
Human Resource Development (Soft skill and technical)
IT Audit Training
ISO 27001 Information Security Management Training
Our Value Chain Approach
Understand business process
Identify potential
risks
Develop control
framework
Document audit
program
Conduct test of
controls
Report gaps & suggest solutions
Assist in remediation
People
ProcessERP System
IT Infrastructure
Our Dual-shore ApproachR
eq
uire
me
nt G
ath
erin
g
Pro
ce
ss U
nd
ers
tan
din
g
Info
rma
tio
n A
cc
ess
Pro
jec
t M
an
ag
em
en
t a
nd
Ex
ec
utio
n
Dis
cu
ssio
n a
nd
Re
po
rtin
g
Requirement gathering will be performed from our Offshore Service Delivery Center (OSDC)
Based on our understanding of client expectations we draft a document and system access requirement list
Client is required to arrange for these items before we can set-up calls with the key users for process understanding
Based on the understanding gained from the provided documents we will conduct specific discussions (conference calls)
All our discussions will be documented in our Minutes of meeting (MoM) and will be shared with the key stakeholders to confirm our understanding before initiating project execution
Based on our understanding gained from the discussions we would request the specific information for conducting our audit
Client may be required to provide us ‘Remote access’ to their information system
Data received from the client will be stored at a secured database
If required, an NDA may be provided
Based on the data received, we will perform comprehensive review to analyze the data & identify the gap areas and improvement opportunities
During the duration of the project, a dedicated Project Manager will organize weekly status update meetings to discuss the progress and escalations (if required)
For last phase of the project, we will come onshore to client office for discussions
Last phase of the project will be utilized for discussing and finalizing the observations
After obtaining agreement on the issues from the management, a draft/final report along with our recommended solutions will be shared with the management, as a closure of the project
Offshore Onsite
Our IFRS Convergence Approach
Understanding and
documenting Business
Processes & IT Security
Policy
Segregating the Business
Processes into PPE,
Inventory, P2P and Revenue
cycle
Based on interviews and
observations prepare What
is and compare it with what
should be – Best Business
Practices
Recommend & Develop
controls and assist in
implementing the same
Get Sign off on the final
Deliverable – Process
Narrative
Supplementing Phase I
understanding with detailed
understanding of the Business
Processes & identification of
Key accounts and standards
applicable
Preparation of detailed
process documentation
including Risk Control Matrix
Repository of applicable AS
& corresponding
IFRS/IAS/SIC/IFRIC
GAAP analysis quantifying
the effects on financial
statements
Assist Management in
preparation of an opening
IFRS balance sheet as at April
1, 2013
Update the personnel
through onsite training &
enable them to understand
& appreciate challenges
and issues involved in
convergence
Offsite assistance and
support
Periodical updates and
onsite visits if needed
Optional: Post
Implementation Review of
configuration of IFRS
changes in IT systems
High Level Process
DocumentationDetailed Documentation
Training and Ongoing
Assistance
Agreed Milestones, Issue Management, Status Tracker, Continuous Communication and Support
Phase I: 3 weeks Phase II: 8 - 10 weeks Phase III: 2 weeks
Why us
Reduction in cost of compliance
Value beyond assurance
Compliance support
Secured business
Best practices
Our smart Offshore / Onshore dual delivery model helpsyou save over 40% on cost of your compliance activities
Secured and robust Business and IT environment from both
internal and external threats such as unauthorized usage,fraud, intrusion, etc
Controls ready Business and IT system to meet any existing
or upcoming regulatory compliance requirement
Our services not only provide appropriate assurance but
also focuses on adding value to your business operation,processes and TT systems
Increasing you market competitiveness by benchmarkingyour current business practices to the industry bestpractices
Maximizing ROI
We can help you leverage the existing control features,which can reduce the manual efforts and will help inincreasing your return on investments (ROI)
Our Team
Mr. Basant Bhanuka
Director Business Advisory
Process
Mr. Gourav Ladha,
Director ERP Advisory
ERP System
Mr. Prabhat Ranjan
Director HR Advisory
PeopleMr. Harishchandra Rana
Director Technology Advisory
IT Infrastructure
Team ProfilesB
asa
nt
Bh
an
uk
a
Go
ura
v L
ad
ha
Gourav Ladha, Director EW
Consultants, is responsible for ERP
Advisory Solutions. He has around 8
years of industry experience.
He is a qualified MBA (Finance),
Certified SAP professional, SAP GRC
and Approva Bizright professional
His major work expereinces comes from
companies such as EXL Services, E&Y
and SAPient Consulting
His strength lies in ERP Business process
controls, ERP Audit procedure
documentation, User access and SOD,
SAP GRC access controls, SOX and
Clause 49 Complaince, Application
controls, ERP Benchmarking, Project
management and SAP Training
Some of the major clients worked for
DPSG, Diageo, Chartis, Volt, Duane
Reade, Covansys, Centrica, Enercon,
etc
Basant Bhanuka, Director EW
Consultants, is responsible for Business
Advisory Solutions. He has over 8 years
of industry experience.
He is a qualified Chartered
Accountant, CISA, CIA, CFSA and
M.Com
His major work expereinces comes
from companies such as EXL Services,
PWC and midsize accounting firm
His strength lies in Statutory and
Internal Audit, Business Process
Controls, Internal control mapping,
Debt finance, Project report, IFRS
Convergence, Taxation advisory, SOX
compliance, User access and SOD,
Policy & Procedures and Training
Some of the major clients worked for
includes Fortune 500 companies across
various industry verticals in US, UK,
Europe, Hong Kong and India.
Team Profiles…P
rab
ha
t R
an
jan
Ha
rish
ch
an
dra
Ra
na
Harishchandra Rana, Director EW
Consultants, is responsible for
Technology Advisory Solutions. He has
over 16 years of industry experience.
He is a qualified Master of Science and
ISO 27001 Lead Auditor. He is an acting
IT consultant to Gujarat State Co-
operative Bank Federation
His major work expereince comes from
companies such as Kalupur
Commercial Co-operative Bank and
Ahmedabad Stock Exchange
His strength lies in Information and
data security, ISO 27001 standards
(design, implementation and
compliance), IT audit and compliance,
BCP-DRP advisory, Infrastructure sizing,
Vulnerability assessment & penetration
testing and training
Some of the major clients worked for
HP India, Reliance Petroleum, Gujarat
Info Petro, Gujarat State Petronet ltd,
Havmor, NID Ahmedabad, etc
Prabhat Ranjan, Director EW
Consultants, is responsible for Human
Resource Advisory Solutions. He has
over 8 years of industry experience.
He is a qualified MBA in Human
Resource Management and Marketing
His major work expereince comes from
Ritu Nanda Insurance Service Pvt Ltd,
where he was the Chief Program
Director
His strength lies in Human resource
management, designing training
products, training delivery & team
development, motivation and team-
building/leadership, business
development, negotiation,
recruitments, and strategic planning
In his last role he was responsible for
generating business leads and
managing client relationships for
leading Insurance companies in India
and abroad
Credentials
*Client references available on request
Annexure – Sample Dashboard
Annexure – Sample Report
Annexure – Sample Deliverable
Thank you.
Basant Bhanuka
Director
ACA, CISA, CIA, CFSA, M.Com
Mobile : +91-974-800-6957
Website: www.ewcindia.co.in
Email: [email protected]
Gourav Ladha
Director
MBA, SAP Certified, SAP GRC
Mobile : +91-971-295-2955
Website: www.ewcindia.co.in
Email: [email protected]