www.icmai.in:@0.798205:0.974748:0.923794:0.974748:0.923794:0.957721:0.798205:0.957721:0.015775:0.015775:0.015775:0.005780:0.006278:0.009118:0.016807:0.011271:0.006278:0.005780:0.006278:0.010674 May 2017:@0.406839:0.977956:0.492193:0.977956:0.492193:0.962673:0.406839:0.962673:0.015974:0.009606:0.010131:0.004740:0.011452:0.011452:0.011452:0.010547 60:@0.079500:0.980264:0.102295:0.980264:0.102295:0.958570:0.079500:0.958570:0.011940:0.010855 The Management Accountant:@0.122650:0.977954:0.372489:0.977954:0.372489:0.962671:0.122650:0.962671:0.011452:0.011452:0.009009:0.004740:0.015974:0.010131:0.011452:0.009968:0.009787:0.009009:0.015974:0.009009:0.011452:0.006748:0.004740:0.013713:0.009009:0.009009:0.010131:0.011452:0.011452:0.006748:0.010131:0.011452:0.005843 l:@0.382870:0.976735:0.397343:0.976735:0.397343:0.966042:0.382870:0.966042:0.014473 ne of the :@0.237953:0.242951:0.348291:0.242951:0.348291:0.227668:0.237953:0.227668:0.012392:0.009950:0.003835:0.014183:0.011072:0.004704:0.004161:0.003835:0.014183:0.007689:0.012392:0.008105:0.003835 significant developments in India :@0.076923:0.258925:0.348291:0.258925:0.348291:0.243643:0.076923:0.243643:0.007327:0.005066:0.009588:0.010909:0.005066:0.004613:0.004975:0.008467:0.009588:0.010909:0.006205:0.006621:0.009588:0.008467:0.008883:0.008467:0.005066:0.009588:0.009588:0.015432:0.008467:0.010909:0.006205:0.007327:0.006621:0.005066:0.010909:0.006621:0.006205:0.010909:0.009588:0.005066:0.009226:0.003835 in 2012 was the enactment :@0.076923:0.274900:0.348345:0.274900:0.348345:0.259618:0.076923:0.259618:0.005880:0.011723:0.003835:0.008991:0.011723:0.011723:0.011723:0.011723:0.003835:0.008991:0.014419:0.010402:0.008141:0.003835:0.008991:0.007019:0.011723:0.009281:0.003835:0.008991:0.009281:0.011723:0.010402:0.009281:0.007019:0.016246:0.009281:0.011723:0.005843:0.003835 of Companies Act, 2013. It is :@0.076923:0.290875:0.348272:0.290875:0.348272:0.275593:0.076923:0.275593:0.009986:0.004704:0.003075:0.009697:0.011307:0.009986:0.015830:0.009986:0.009986:0.011307:0.005464:0.008865:0.007725:0.009697:0.013568:0.008865:0.006603:0.005464:0.003835:0.005843:0.011307:0.011307:0.011307:0.011307:0.005464:0.009697:0.006603:0.006603:0.009697:0.005464:0.006965:0.003835 a comprehensive but concise :@0.076923:0.306850:0.348345:0.306850:0.348345:0.291567:0.076923:0.291567:0.010348:0.012447:0.009226:0.010348:0.016192:0.010348:0.008087:0.009226:0.011669:0.009226:0.011669:0.008087:0.005482:0.009643:0.009226:0.012447:0.010348:0.011669:0.006965:0.012447:0.009226:0.010348:0.011669:0.009226:0.005825:0.008087:0.008105:0.003835 legislation (470 sections as against :@0.076923:0.322825:0.348092:0.322825:0.348092:0.307542:0.076923:0.307542:0.004758:0.008159:0.009281:0.004758:0.007019:0.004758:0.009118:0.005898:0.004758:0.009281:0.010601:0.004668:0.005898:0.010601:0.010601:0.010601:0.004668:0.007019:0.008159:0.008159:0.005898:0.004758:0.009281:0.010601:0.007019:0.004668:0.009281:0.007019:0.004668:0.009118:0.008756:0.009281:0.004758:0.010601:0.007019:0.005843:0.003835 658 in the earlier Act) and is :@0.076923:0.338800:0.348345:0.338800:0.348345:0.323517:0.076923:0.323517:0.011289:0.011289:0.011289:0.009516:0.005445:0.011289:0.009516:0.006585:0.011289:0.008847:0.009516:0.008847:0.009968:0.007707:0.005445:0.005445:0.008847:0.007707:0.009516:0.013550:0.008847:0.006585:0.006585:0.009516:0.009968:0.011289:0.009968:0.009516:0.005445:0.006965:0.003835 considered to be forward looking :@0.076923:0.354775:0.348146:0.354775:0.348146:0.339492:0.076923:0.339492:0.008485:0.009606:0.010927:0.007345:0.005084:0.009606:0.008485:0.007345:0.008485:0.009606:0.003835:0.002949:0.006223:0.009606:0.003835:0.002949:0.009606:0.008485:0.003835:0.002949:0.005084:0.009606:0.007345:0.013623:0.009606:0.007345:0.009606:0.003835:0.002949:0.005084:0.009606:0.009606:0.009606:0.005084:0.010927:0.009226:0.003835 in that the Central Government :@0.076923:0.370749:0.348526:0.370749:0.348526:0.355467:0.076923:0.355467:0.005265:0.011108:0.008087:0.006404:0.011108:0.009624:0.006404:0.008087:0.006404:0.011108:0.008666:0.008087:0.011108:0.008666:0.011108:0.006404:0.007363:0.009787:0.005265:0.008087:0.012248:0.009317:0.009082:0.008666:0.007960:0.011108:0.015631:0.008666:0.011108:0.005843:0.003835 enjoys the power to make rules, etc. :@0.076923:0.386724:0.348363:0.386724:0.348363:0.371442:0.076923:0.371442:0.008105:0.010547:0.004704:0.008991:0.009226:0.006965:0.003944:0.005843:0.010547:0.008105:0.003944:0.009226:0.008883:0.013062:0.008105:0.006965:0.003944:0.005843:0.009226:0.003944:0.015070:0.009226:0.008684:0.008105:0.003944:0.007255:0.010547:0.004704:0.008105:0.006965:0.004704:0.003944:0.008105:0.005843:0.007580:0.004704:0.003835 through delegated legislation. Many :@0.076923:0.402699:0.348128:0.402699:0.348128:0.387416:0.076923:0.387416:0.005771:0.010475:0.006893:0.009154:0.010475:0.009154:0.010475:0.003202:0.009154:0.008032:0.004631:0.008032:0.008629:0.008991:0.005771:0.008032:0.009154:0.003184:0.004631:0.008032:0.009154:0.004631:0.006893:0.004631:0.008991:0.005771:0.004631:0.009154:0.010475:0.004631:0.003202:0.014998:0.009154:0.009950:0.009226:0.003835 of its provisions are internationally :@0.076923:0.418674:0.348363:0.418674:0.348363:0.403391:0.076923:0.403391:0.009226:0.007019:0.004595:0.004704:0.005843:0.006965:0.004595:0.009226:0.006965:0.008756:0.009226:0.004704:0.006965:0.004704:0.009226:0.010547:0.006965:0.004595:0.009226:0.006965:0.008105:0.004595:0.004704:0.010547:0.005843:0.008105:0.007417:0.010547:0.009064:0.005843:0.004704:0.009226:0.010547:0.009226:0.004704:0.004179:0.009226:0.003835 competitive. :@0.076923:0.434649:0.172227:0.434649:0.172227:0.419366:0.076923:0.419366:0.008105:0.009226:0.015070:0.009226:0.008105:0.005843:0.004704:0.005843:0.004360:0.008521:0.007761:0.004704:0.003835 The Act has introduced many new :@0.092301:0.450624:0.348417:0.450624:0.348417:0.435341:0.092301:0.435341:0.010402:0.010402:0.007960:0.002949:0.012664:0.007960:0.005699:0.002949:0.010402:0.009082:0.006820:0.002949:0.004559:0.010402:0.005699:0.006820:0.009082:0.009082:0.010402:0.007960:0.007960:0.009082:0.002949:0.014925:0.009082:0.009878:0.009082:0.002949:0.010402:0.007960:0.013767:0.003835 provisions in line with international :@0.076923:0.466598:0.348417:0.466598:0.348417:0.451316:0.076923:0.451316:0.009190:0.006929:0.008720:0.009190:0.004668:0.006929:0.004668:0.009190:0.010511:0.006929:0.003220:0.004668:0.010511:0.003220:0.004668:0.004668:0.010511:0.008069:0.003220:0.013731:0.004668:0.005807:0.010511:0.003220:0.004668:0.010511:0.005807:0.008069:0.007381:0.010511:0.009027:0.005807:0.004668:0.009190:0.010511:0.009190:0.004704:0.003835 developments. In this article, we :@0.076923:0.482573:0.348218:0.482573:0.348218:0.467291:0.076923:0.467291:0.009661:0.008539:0.008955:0.008539:0.005138:0.009661:0.009661:0.015504:0.008539:0.010981:0.006278:0.007399:0.005138:0.007200:0.006278:0.010981:0.007200:0.006278:0.010981:0.005138:0.007399:0.007200:0.009661:0.007924:0.006278:0.005138:0.008539:0.005138:0.008195:0.005138:0.007200:0.013496:0.008105:0.003835 consider one such area. Included :@0.076923:0.498548:0.348164:0.498548:0.348164:0.483266:0.076923:0.483266:0.008340:0.009462:0.010782:0.007218:0.004939:0.009462:0.008340:0.007200:0.005717:0.009462:0.010782:0.008340:0.005717:0.007200:0.010800:0.008340:0.010782:0.005717:0.009462:0.007200:0.008340:0.009462:0.004939:0.005717:0.005717:0.006097:0.010782:0.008340:0.004939:0.010782:0.009462:0.008340:0.009226:0.003835 in this category are Enterprise Risk :@0.076923:0.514523:0.348254:0.514523:0.348254:0.499240:0.076923:0.499240:0.004758:0.010601:0.004668:0.005898:0.010601:0.004758:0.007019:0.004668:0.008159:0.009118:0.005898:0.008159:0.008575:0.009281:0.007381:0.009281:0.004668:0.009281:0.007019:0.008159:0.004668:0.009281:0.010601:0.005898:0.008159:0.007291:0.009281:0.007019:0.004758:0.007019:0.008159:0.004668:0.011741:0.004758:0.007019:0.009226:0.003835 Management (ERM) and Internal :@0.076923:0.530498:0.348236:0.530498:0.348236:0.515215:0.076923:0.515215:0.015414:0.009570:0.010891:0.009407:0.009226:0.008449:0.015414:0.008449:0.010891:0.006187:0.006513:0.006187:0.009570:0.012031:0.015414:0.006187:0.006495:0.009570:0.010891:0.009570:0.006513:0.006187:0.010891:0.006187:0.008449:0.007761:0.010891:0.009570:0.004704:0.003835 Financial Controls (IFC), among :@0.076923:0.546473:0.348092:0.546473:0.348092:0.531190:0.076923:0.531190:0.009733:0.005210:0.011054:0.009733:0.011054:0.008611:0.005210:0.009733:0.005210:0.007779:0.011054:0.009733:0.011054:0.006350:0.007472:0.009733:0.005210:0.007472:0.007779:0.006350:0.006350:0.009733:0.011054:0.006350:0.005210:0.007779:0.009733:0.015576:0.009733:0.011054:0.009226:0.003835 others. While there have been :@0.076923:0.562448:0.348453:0.562448:0.348453:0.547165:0.076923:0.547165:0.010023:0.006639:0.011343:0.008901:0.008123:0.007761:0.005500:0.009896:0.017784:0.011343:0.005500:0.005500:0.008901:0.009896:0.006639:0.011343:0.008901:0.007761:0.008901:0.009896:0.011343:0.009317:0.009317:0.008901:0.009896:0.010023:0.008901:0.008901:0.010547:0.003835 some publications on ERM (Jaggi, :@0.076923:0.578422:0.348399:0.578422:0.348399:0.563140:0.076923:0.563140:0.007255:0.009516:0.015359:0.008394:0.006024:0.009516:0.010837:0.009516:0.004993:0.004993:0.008394:0.009353:0.006133:0.004993:0.009516:0.010837:0.007255:0.006024:0.009516:0.010837:0.006024:0.009516:0.011976:0.015359:0.006024:0.006133:0.005608:0.009353:0.009172:0.009516:0.004993:0.004704:0.003835 2015; Banerjee, 2016), there is :@0.076923:0.594397:0.348146:0.594397:0.348146:0.579115:0.076923:0.579115:0.011072:0.011072:0.011072:0.011072:0.005228:0.007924:0.011072:0.009751:0.011072:0.008629:0.008014:0.005228:0.008629:0.008286:0.005228:0.007924:0.011072:0.011072:0.011072:0.011072:0.006368:0.005228:0.007924:0.006368:0.011072:0.008629:0.007490:0.008629:0.007924:0.005228:0.006965:0.003835 good scope for contributing to the :@0.076923:0.610372:0.348200:0.610372:0.348200:0.595089:0.076923:0.595089:0.008738:0.009444:0.009444:0.009444:0.005518:0.007182:0.008322:0.009444:0.009444:0.008322:0.005518:0.004921:0.009444:0.007182:0.005518:0.008322:0.009444:0.010764:0.006061:0.007182:0.004921:0.009444:0.010764:0.006061:0.004921:0.010764:0.009444:0.005518:0.006061:0.009444:0.005518:0.006061:0.010764:0.008105:0.003835 existing literature on IFC in view of :@0.076923:0.626347:0.348363:0.626347:0.348363:0.611064:0.076923:0.611064:0.007761:0.009226:0.004704:0.006965:0.005843:0.004704:0.010547:0.009226:0.004595:0.004704:0.004704:0.005843:0.008105:0.006802:0.009064:0.005843:0.010547:0.006965:0.008105:0.004595:0.009226:0.010547:0.004595:0.005843:0.009226:0.010547:0.004595:0.004704:0.010547:0.004595:0.009226:0.004704:0.008105:0.013767:0.004595:0.009226:0.004704:0.003835 its importance and Guidance Notes :@0.076923:0.642322:0.348291:0.642322:0.348291:0.627039:0.076923:0.627039:0.004704:0.005843:0.006965:0.004595:0.004704:0.015070:0.009226:0.009226:0.007490:0.005843:0.009226:0.010547:0.008105:0.008105:0.004595:0.009226:0.010547:0.009226:0.004595:0.011687:0.010547:0.004704:0.009226:0.009226:0.010547:0.008105:0.008105:0.004595:0.012809:0.009226:0.005843:0.008105:0.006965:0.003835 issued by the Institute of Chartered :@0.076923:0.658297:0.348327:0.658297:0.348327:0.643014:0.076923:0.643014:0.004704:0.006965:0.006965:0.010547:0.008105:0.009226:0.004414:0.008684:0.009226:0.004414:0.005843:0.010547:0.008105:0.004432:0.005843:0.010547:0.006965:0.005843:0.004704:0.005843:0.010547:0.005843:0.008105:0.004414:0.009226:0.007019:0.004432:0.010547:0.010547:0.009226:0.007490:0.005843:0.008105:0.006965:0.008105:0.009226:0.003835 Accountants of India (ICAI and :@0.076923:0.674271:0.348381:0.674271:0.348381:0.658989:0.076923:0.658989:0.013333:0.008629:0.008629:0.009751:0.011072:0.011072:0.006368:0.009751:0.011072:0.006368:0.007490:0.007852:0.009751:0.004704:0.002840:0.007852:0.006368:0.011072:0.009751:0.005228:0.009751:0.007852:0.006368:0.006368:0.010728:0.013333:0.006368:0.007852:0.009751:0.011072:0.009226:0.003835 KPMG in India). Hence, an attempt :@0.076923:0.690246:0.348363:0.690246:0.348363:0.674964:0.076923:0.674964:0.011687:0.010547:0.015070:0.011687:0.003745:0.004704:0.010547:0.003745:0.005843:0.010547:0.009226:0.004704:0.009226:0.005843:0.004704:0.003745:0.003745:0.012809:0.008105:0.010547:0.008105:0.007761:0.004704:0.003745:0.009226:0.010547:0.003745:0.009064:0.005843:0.005843:0.008105:0.015070:0.009226:0.005843:0.003835 is made to share some of the aspects :@0.076923:0.706221:0.348291:0.706221:0.348291:0.690939:0.076923:0.690939:0.004704:0.006965:0.003256:0.015070:0.009226:0.009226:0.008105:0.003256:0.005843:0.009226:0.003275:0.006965:0.010547:0.009226:0.006965:0.008105:0.003256:0.006965:0.009226:0.015070:0.008105:0.003256:0.009226:0.007019:0.003256:0.005843:0.010547:0.008105:0.003256:0.009226:0.006965:0.009226:0.008105:0.008105:0.005843:0.006965:0.003835 of IFC which may provoke research :@0.076923:0.722196:0.348309:0.722196:0.348309:0.706913:0.076923:0.706913:0.009226:0.007019:0.004215:0.005843:0.009226:0.010547:0.004215:0.013243:0.010547:0.004704:0.008105:0.010547:0.004215:0.015070:0.008702:0.009226:0.004215:0.009226:0.006965:0.008756:0.008521:0.009226:0.008684:0.008105:0.004215:0.006965:0.008105:0.006965:0.008105:0.009226:0.006965:0.008105:0.010547:0.003835 and publication. :@0.076923:0.738171:0.204194:0.738171:0.204194:0.722888:0.076923:0.722888:0.009226:0.010547:0.009226:0.003835:0.009226:0.010547:0.009226:0.004704:0.004704:0.008105:0.009064:0.005843:0.004704:0.009226:0.010547:0.004704:0.003835 Backdrop:@0.076923:0.771531:0.152412:0.771531:0.152412:0.753443:0.076923:0.753443:0.010809:0.009745:0.008472:0.009327:0.010353:0.006459:0.009973:0.010353 Why and how Internal Financial :@0.092308:0.786095:0.348443:0.786095:0.348443:0.770813:0.092308:0.770813:0.017078:0.009751:0.009317:0.004686:0.009317:0.010638:0.009317:0.004686:0.010638:0.008973:0.013858:0.004686:0.005934:0.010638:0.005934:0.008195:0.007508:0.010638:0.009317:0.004794:0.004686:0.009317:0.004794:0.010638:0.009317:0.010638:0.008195:0.004794:0.009317:0.004704:0.003835 Controls became an important :@0.076930:0.802070:0.348424:0.802070:0.348424:0.786788:0.076930:0.786788:0.011343:0.010023:0.011343:0.006639:0.007761:0.010023:0.005500:0.007761:0.009914:0.010023:0.008901:0.008901:0.010023:0.015866:0.008901:0.009914:0.010023:0.011343:0.009914:0.005500:0.015866:0.010023:0.010023:0.008286:0.006639:0.010023:0.011343:0.005843:0.003835 issue throughout the world? The :@0.076930:0.818045:0.348443:0.818045:0.348443:0.802762:0.076930:0.802762:0.005120:0.007381:0.007381:0.010963:0.008521:0.006983:0.006260:0.010963:0.007381:0.009643:0.010963:0.009643:0.010963:0.009643:0.010963:0.006260:0.006983:0.006260:0.010963:0.008521:0.006983:0.013478:0.009643:0.007381:0.005120:0.009643:0.007381:0.006260:0.010963:0.010963:0.008105:0.003835 following few points give some :@0.076930:0.834020:0.348479:0.834020:0.348479:0.818737:0.076930:0.818737:0.005409:0.009932:0.005409:0.005409:0.009588:0.014473:0.005409:0.011253:0.009932:0.009190:0.005590:0.008810:0.014473:0.009190:0.009932:0.009932:0.005409:0.011253:0.006549:0.007671:0.009190:0.009932:0.005066:0.009226:0.008810:0.009190:0.007671:0.009932:0.015775:0.008105:0.003835 indications. :@0.076930:0.849995:0.169105:0.849995:0.169105:0.834712:0.076930:0.834712:0.004704:0.010547:0.009226:0.004704:0.008105:0.009064:0.005843:0.004704:0.009226:0.010547:0.006965:0.004704:0.003835 :@0.076930:0.881252:0.095021:0.881252:0.095021:0.867887:0.076930:0.867887:0.018091 Financial crisis in the beginning of responsible for effective and efficient operating effectively”.:@0.095021:0.881944:0.819712:0.881951:0.819712:0.866668:0.095021:0.866662:0.002424:0.009027:0.004505:0.010348:0.009027:0.010348:0.007906:0.004505:0.009027:0.004505:0.002641:0.007906:0.006766:0.004505:0.006766:0.004505:0.006766:0.002641:0.004505:0.010348:0.002641:0.005644:0.010348:0.007906:0.002641:0.009027:0.007906:0.009027:0.004505:0.010348:0.010348:0.004505:0.010348:0.009027:0.002641:0.009027:0.004704:0.003835:0.017794:0.006947:0.008087:0.006947:0.009208:0.009208:0.010529:0.006947:0.004686:0.009208:0.004686:0.008087:0.003238:0.004686:0.009208:0.006947:0.003238:0.008087:0.005373:0.004867:0.008087:0.008087:0.005825:0.004342:0.008503:0.008087:0.003238:0.009208:0.010529:0.009208:0.003238:0.008087:0.004686:0.004613:0.004595:0.008087:0.004686:0.008087:0.010529:0.005843:0.003835:0.017696:0.009226:0.009226:0.008105:0.006802:0.009064:0.005843:0.004704:0.010547:0.009226:0.003835:0.008105:0.005391:0.004885:0.008105:0.008105:0.005843:0.004360:0.008521:0.008105:0.004179:0.009226:0.008105:-0.633814 the century affected the business operation of IFC. Therefore, there :@0.097446:0.897919:0.637513:0.897919:0.637513:0.882637:0.097446:0.882637:0.005843:0.010547:0.008105:0.003872:0.008105:0.008105:0.010547:0.005843:0.010547:0.007327:0.009226:0.003872:0.009226:0.005391:0.004885:0.008105:0.008105:0.005843:0.008105:0.009226:0.003872:0.005843:0.010547:0.008105:0.003872:0.009226:0.010547:0.006965:0.004704:0.010547:0.008105:0.006965:0.006965:0.003835:0.017848:0.009498:0.009498:0.008376:0.007074:0.009335:0.006115:0.004975:0.009498:0.010819:0.005952:0.009498:0.007291:0.005952:0.006115:0.009498:0.010819:0.004975:0.005228:0.010819:0.010819:0.008376:0.007236:0.008376:0.004975:0.009498:0.007236:0.008032:0.004975:0.005952:0.006115:0.010819:0.008376:0.007236:0.008105:-0.474184 environment throughout the are many issues that concern IFC operating as part and parcel of :@0.097446:0.913894:0.926794:0.913900:0.926794:0.898618:0.097446:0.898612:0.008847:0.010583:0.009968:0.005445:0.007707:0.009968:0.011289:0.015812:0.008847:0.011289:0.006585:0.009480:0.006585:0.011289:0.007707:0.009968:0.011289:0.009968:0.011289:0.009968:0.011289:0.006585:0.009480:0.006585:0.011289:0.008105:0.003835:0.017721:0.009498:0.007236:0.008376:0.005898:0.015341:0.009498:0.010294:0.009498:0.005898:0.004975:0.007236:0.007236:0.010819:0.008376:0.007236:0.005898:0.006115:0.010819:0.009335:0.006115:0.005898:0.008376:0.009498:0.010819:0.008376:0.008376:0.007689:0.010819:0.005898:0.006115:0.009498:0.010547:0.003835:0.017841:0.009824:0.009842:0.008702:0.007399:0.009679:0.006440:0.005301:0.011162:0.009824:0.008485:0.009824:0.007562:0.008485:0.009824:0.009842:0.008087:0.006440:0.008485:0.009824:0.011144:0.009842:0.008485:0.009842:0.009824:0.007562:0.008720:0.008702:0.005301:0.008485:0.009824:0.004704:-0.785182 world and provided strong but we only touch upon a few :@0.386742:0.131127:0.926899:0.131127:0.926899:0.115844:0.386742:0.115844:0.014183:0.010348:0.008087:0.005825:0.010348:0.012411:0.010348:0.011669:0.010348:0.003835:0.008557:0.010348:0.008087:0.009878:0.010348:0.005825:0.010348:0.009226:0.010348:0.003835:0.008557:0.008087:0.006965:0.008087:0.010348:0.011669:0.009226:0.003835:0.017794:0.009896:0.011217:0.006513:0.008955:0.013731:0.008774:0.008955:0.009896:0.011217:0.004848:0.009896:0.008955:0.006513:0.009896:0.011217:0.008774:0.011217:0.008955:0.011217:0.009896:0.009896:0.011217:0.008955:0.009896:0.008955:0.005554:0.008774:0.013767:0.003835 encouragement to politician and among the followings::@0.386742:0.147102:0.823110:0.147102:0.823110:0.131819:0.386742:0.131819:0.008105:0.010547:0.008105:0.009226:0.010547:0.006802:0.009064:0.008883:0.008105:0.015070:0.008105:0.010547:0.005843:0.004342:0.005843:0.009226:0.004360:0.009226:0.009226:0.004704:0.004704:0.005843:0.004704:0.008105:0.004704:0.009226:0.010547:0.004360:0.009226:0.010547:0.009226:0.003835:0.017866:0.009226:0.015070:0.009226:0.010547:0.009226:0.003835:0.005843:0.010547:0.008105:0.003835:0.004704:0.009226:0.004704:0.004704:0.008883:0.013767:0.004704:0.010547:0.009226:0.006965:0.004704 regulators to develop an effective :@0.386742:0.163076:0.637630:0.163076:0.637630:0.147794:0.386742:0.147794:0.006965:0.008105:0.009226:0.010547:0.004704:0.009064:0.005843:0.009226:0.007327:0.006965:0.003926:0.005843:0.009226:0.003926:0.009226:0.008105:0.008521:0.008105:0.004704:0.009226:0.009226:0.003926:0.009226:0.010547:0.003926:0.008105:0.005391:0.004885:0.008105:0.008105:0.005843:0.004360:0.008521:0.008105:0.003835 monitoring mechanism for :@0.386742:0.179051:0.637594:0.179051:0.637594:0.163769:0.386742:0.163769:0.016282:0.010439:0.011759:0.005916:0.007056:0.010439:0.008177:0.005916:0.011759:0.010439:0.013134:0.016282:0.009317:0.009317:0.011759:0.010439:0.011759:0.005916:0.008177:0.016282:0.013134:0.005916:0.010439:0.006965:0.003835 enhanced corporate governance :@0.386742:0.195026:0.637431:0.195026:0.637431:0.179743:0.386742:0.179743:0.008195:0.010638:0.010638:0.009317:0.010638:0.008195:0.008195:0.009317:0.004704:0.008195:0.009317:0.007327:0.009317:0.009317:0.006893:0.009154:0.005934:0.008195:0.004704:0.008611:0.008847:0.008611:0.008195:0.007508:0.010638:0.009317:0.010638:0.008195:0.008105:0.003835 and risk management techniques :@0.386742:0.211001:0.637738:0.211001:0.637738:0.195718:0.386742:0.195718:0.009136:0.010457:0.009136:0.003166:0.006875:0.004613:0.006875:0.009136:0.003166:0.014979:0.009136:0.010457:0.008973:0.008792:0.008014:0.014979:0.008014:0.010457:0.005753:0.003166:0.005753:0.008014:0.008014:0.010457:0.010457:0.004613:0.009136:0.010457:0.008014:0.006965:0.000000:0.003835 (e.g. in the USA, Sarbanes-Oxly :@0.386742:0.226976:0.637539:0.226976:0.637539:0.211693:0.386742:0.211693:0.006042:0.007978:0.004903:0.009100:0.004903:0.005427:0.004903:0.010764:0.005427:0.006061:0.010746:0.008304:0.005427:0.011886:0.009444:0.013008:0.004903:0.005427:0.009444:0.009425:0.007164:0.009444:0.009425:0.010764:0.008304:0.007164:0.006061:0.012067:0.009444:0.004378:0.009226:0.003835 Act in 2002, Dodd-Frank Wall :@0.386742:0.242951:0.637503:0.242951:0.637503:0.227668:0.386742:0.227668:0.013134:0.008430:0.006169:0.006386:0.005029:0.010873:0.006386:0.010873:0.010873:0.010873:0.010873:0.005029:0.006386:0.012013:0.009552:0.009733:0.009552:0.006169:0.009389:0.007128:0.009552:0.010873:0.009552:0.006386:0.016427:0.009552:0.005029:0.004704:0.003835 Street Reform, and Consumer :@0.386742:0.258925:0.637521:0.258925:0.637521:0.243643:0.386742:0.243643:0.009751:0.006386:0.007490:0.008629:0.008648:0.006368:0.003835:0.004089:0.011506:0.008648:0.005228:0.009769:0.007653:0.015595:0.005228:0.003835:0.004089:0.009751:0.011090:0.009751:0.003835:0.004089:0.011072:0.009751:0.011090:0.007490:0.011072:0.015613:0.008629:0.006965:0.003835 Protection Act in 2010).:@0.386742:0.274900:0.572104:0.274900:0.572104:0.259618:0.386742:0.259618:0.010547:0.006965:0.009226:0.005843:0.008105:0.008105:0.005843:0.004704:0.009226:0.010547:0.003835:0.012809:0.008105:0.005843:0.003835:0.004704:0.010547:0.003835:0.010547:0.010547:0.010547:0.010547:0.005843:0.004704  :@0.366226:0.290183:0.388840:0.290183:0.388840:0.276817:0.366226:0.276817:0.018091:0.004523 In many countries, the regulators :@0.386742:0.290875:0.637521:0.290875:0.637521:0.275593:0.386742:0.275593:0.005717:0.010421:0.003094:0.014943:0.009100:0.009896:0.009100:0.003094:0.007978:0.009100:0.010421:0.010421:0.005717:0.006838:0.004577:0.007978:0.006838:0.004577:0.003094:0.005717:0.010421:0.007978:0.003094:0.006838:0.007978:0.009100:0.010421:0.004577:0.008937:0.005717:0.009100:0.007200:0.006965:0.003835 introduced measures to revamp :@0.386742:0.306850:0.637720:0.306850:0.637720:0.291567:0.386742:0.291567:0.004885:0.010728:0.006024:0.007146:0.009407:0.009407:0.010728:0.008286:0.008286:0.009407:0.005210:0.015251:0.008286:0.009407:0.007146:0.010728:0.007146:0.008286:0.007146:0.005210:0.006024:0.009407:0.005210:0.007146:0.008286:0.009064:0.009407:0.015251:0.009226:0.003835 internal control system (ICS) :@0.386742:0.322825:0.637648:0.322825:0.637648:0.307542:0.386742:0.307542:0.005337:0.011180:0.006477:0.008738:0.008051:0.011180:0.009860:0.005337:0.008684:0.008738:0.009860:0.011180:0.006477:0.007598:0.009860:0.005337:0.008684:0.007598:0.009860:0.007598:0.006477:0.008738:0.015703:0.008684:0.006477:0.006477:0.011180:0.009860:0.005843:0.003835 to reduce, among others, risk :@0.386742:0.338800:0.637775:0.338800:0.637775:0.323517:0.386742:0.323517:0.006350:0.009733:0.007671:0.007472:0.008611:0.009733:0.011054:0.008611:0.008268:0.005210:0.007671:0.009733:0.015576:0.009733:0.011054:0.009733:0.007671:0.009733:0.006350:0.011054:0.008611:0.007833:0.007472:0.005210:0.007671:0.007472:0.005210:0.007472:0.009226:0.003835 of operations and enhance :@0.386742:0.354775:0.637594:0.354775:0.637594:0.339492:0.386742:0.339492:0.010258:0.004704:0.003347:0.003835:0.007906:0.010258:0.010258:0.009136:0.007833:0.010095:0.006875:0.005735:0.010258:0.011578:0.007996:0.003835:0.007906:0.010258:0.011578:0.010258:0.003835:0.007906:0.009136:0.011578:0.011578:0.010258:0.011578:0.009136:0.008105:0.003835 compliance with general :@0.386742:0.370749:0.637756:0.370749:0.637756:0.355467:0.386742:0.355467:0.009842:0.010963:0.016807:0.010963:0.006440:0.006440:0.010963:0.012284:0.009842:0.009842:0.017096:0.015504:0.006440:0.007580:0.012284:0.017096:0.010620:0.009842:0.012284:0.009842:0.008539:0.010963:0.004704:0.003835 principles of management and :@0.386742:0.386724:0.637521:0.386724:0.637521:0.371442:0.386742:0.371442:0.009570:0.007309:0.005066:0.010891:0.008449:0.005047:0.009570:0.005066:0.008449:0.007309:0.006549:0.009570:0.007363:0.006549:0.015414:0.009588:0.010891:0.009407:0.009226:0.008449:0.015432:0.008449:0.010891:0.006187:0.006549:0.009570:0.010909:0.009226:0.003835 accounting system. To evaluate :@0.386742:0.402699:0.637793:0.402699:0.637793:0.387416:0.386742:0.387416:0.009444:0.008322:0.008322:0.009444:0.010764:0.010764:0.006061:0.004921:0.010764:0.009444:0.005445:0.007182:0.009444:0.007182:0.006061:0.008322:0.015287:0.004921:0.004722:0.009516:0.009444:0.005445:0.008322:0.009100:0.009444:0.004921:0.010764:0.009281:0.006061:0.008105:0.003835 the role of corporate boards :@0.386742:0.418674:0.637431:0.418674:0.637431:0.403391:0.386742:0.403391:0.006549:0.011253:0.008810:0.003835:0.005464:0.007671:0.009932:0.005409:0.008810:0.003835:0.005464:0.009932:0.004704:0.003021:0.003835:0.005464:0.008810:0.009932:0.007942:0.009932:0.009932:0.007508:0.009769:0.006549:0.008810:0.009317:0.009932:0.009932:0.009932:0.007671:0.009932:0.006965:0.003835 in implementing the ERM and :@0.386742:0.434649:0.637557:0.434649:0.637557:0.419366:0.386742:0.419366:0.005102:0.010945:0.006911:0.005102:0.015468:0.009624:0.005102:0.008503:0.015468:0.008503:0.010945:0.006241:0.005102:0.010945:0.009624:0.006911:0.006241:0.010945:0.008503:0.006911:0.009624:0.012085:0.015468:0.006911:0.009624:0.010945:0.009226:0.003835 understand the organisational :@0.386742:0.450624:0.637793:0.450624:0.637793:0.435341:0.386742:0.435341:0.010981:0.010981:0.009661:0.008539:0.007761:0.007399:0.006278:0.009661:0.010981:0.009661:0.007110:0.006278:0.010981:0.008539:0.007110:0.009661:0.007399:0.009136:0.009661:0.010981:0.005138:0.007399:0.009498:0.006278:0.005138:0.009661:0.010981:0.009661:0.004704:0.003835 links among mechanisms, one :@0.386742:0.466598:0.637684:0.466598:0.637684:0.451316:0.386742:0.451316:0.005102:0.005102:0.010945:0.009624:0.007363:0.006875:0.009624:0.015468:0.009624:0.010945:0.009624:0.006875:0.015468:0.008503:0.008503:0.010945:0.009624:0.010945:0.005102:0.007363:0.015468:0.007363:0.005102:0.006875:0.009624:0.010945:0.008105:0.003835 has therefore to examine the :@0.386742:0.482573:0.637539:0.482573:0.637539:0.467291:0.386742:0.467291:0.011144:0.009824:0.007562:0.008430:0.006440:0.011144:0.008702:0.007562:0.008702:0.005301:0.009824:0.007562:0.008702:0.008430:0.006440:0.009824:0.008430:0.008358:0.009824:0.009824:0.015667:0.005301:0.011144:0.008702:0.008430:0.006440:0.011144:0.008105:0.003835 interaction.:@0.386742:0.498548:0.475099:0.498548:0.475099:0.483266:0.386742:0.483266:0.004704:0.010547:0.005843:0.008105:0.006802:0.009226:0.008105:0.005843:0.004704:0.009226:0.010547:0.004704 :@0.366226:0.513831:0.384317:0.513831:0.384317:0.500465:0.366226:0.500465:0.018091 Professional bodies also highly :@0.384643:0.514523:0.637612:0.514523:0.637612:0.499240:0.384643:0.499240:0.005934:0.010819:0.007236:0.009498:0.005156:0.008376:0.007236:0.007236:0.004975:0.009498:0.010819:0.009498:0.004975:0.005934:0.009498:0.009498:0.009498:0.004975:0.008376:0.007236:0.005934:0.009498:0.004975:0.007236:0.009498:0.005934:0.010819:0.004975:0.009498:0.010819:0.004450:0.009226:0.003835 recommend that all companies :@0.386742:0.530498:0.637467:0.530498:0.637467:0.515215:0.386742:0.515215:0.007255:0.008394:0.008394:0.009516:0.015359:0.015359:0.008394:0.010837:0.009516:0.006133:0.006133:0.010837:0.009353:0.006133:0.006133:0.009516:0.004993:0.004993:0.006115:0.008394:0.009516:0.015359:0.009516:0.009534:0.010837:0.005011:0.008394:0.006965:0.003835 should develop their own policies :@0.386742:0.546473:0.637612:0.546473:0.637612:0.531190:0.386742:0.531190:0.006965:0.010547:0.009226:0.010547:0.004704:0.009226:0.003401:0.009226:0.008105:0.008521:0.008105:0.004704:0.009226:0.009226:0.003401:0.005843:0.010547:0.008105:0.004704:0.006965:0.003401:0.008883:0.013767:0.010547:0.003401:0.009226:0.009226:0.004704:0.004704:0.008105:0.004704:0.008105:0.006965:0.003835 and a framework for ERM,and :@0.386742:0.562448:0.637557:0.562448:0.637557:0.547165:0.386742:0.547165:0.009606:0.010945:0.009606:0.006820:0.009606:0.006820:0.005102:0.007182:0.009606:0.015468:0.008485:0.013460:0.009606:0.007345:0.009624:0.006820:0.005084:0.009606:0.007363:0.006820:0.009606:0.012067:0.015468:0.005084:0.009606:0.010945:0.009226:0.003835 introduce effective and efficient 134(5)(e)] has been introduced in :@0.386742:0.578422:0.926920:0.578429:0.926920:0.563146:0.386742:0.563140:0.004957:0.010782:0.006097:0.007218:0.009480:0.009462:0.010800:0.008358:0.008358:0.005717:0.008358:0.005626:0.005138:0.008358:0.008358:0.006079:0.004613:0.008774:0.008358:0.005717:0.009480:0.010782:0.009480:0.005717:0.008358:0.004957:0.004613:0.004867:0.008358:0.004939:0.008358:0.010800:0.005843:0.003835:0.017760:0.010746:0.010764:0.010746:0.006061:0.010764:0.006042:0.006061:0.008304:0.006061:0.006061:0.005427:0.010764:0.009425:0.007182:0.005427:0.009444:0.008322:0.008304:0.010764:0.005427:0.004921:0.010746:0.006061:0.007164:0.009444:0.009425:0.010764:0.008322:0.008304:0.009444:0.005427:0.004921:0.010547:-0.329412 IFCs that will enable the top the Companies Act for the directors :@0.386742:0.594397:0.926884:0.594403:0.926884:0.579121:0.386742:0.579115:0.006459:0.009842:0.011162:0.007580:0.008575:0.006459:0.011162:0.009679:0.006459:0.008575:0.014382:0.005319:0.005319:0.005319:0.008575:0.008720:0.011162:0.009317:0.009842:0.005319:0.008720:0.008575:0.006459:0.011162:0.008720:0.008575:0.006459:0.009842:0.009226:0.003835:0.017959:0.005843:0.010547:0.008105:0.004161:0.010547:0.009226:0.015070:0.009226:0.009226:0.010547:0.004704:0.008105:0.006965:0.004161:0.012809:0.008105:0.005843:0.004179:0.004704:0.009226:0.006965:0.004161:0.005843:0.010547:0.008105:0.004161:0.009226:0.004704:0.006965:0.008105:0.008105:0.005843:0.009226:0.007327:0.006965:-0.351085 management to keep a watch to lay down internal financial :@0.386742:0.610372:0.926830:0.610378:0.926830:0.595096:0.386742:0.595089:0.015576:0.009733:0.011054:0.009570:0.009389:0.008611:0.015576:0.008611:0.011054:0.006350:0.007707:0.006350:0.009733:0.007707:0.009190:0.008611:0.008611:0.009733:0.007707:0.009733:0.007707:0.013749:0.009570:0.006350:0.008611:0.010547:0.003835:0.017778:0.006658:0.010041:0.010113:0.005518:0.009516:0.010041:0.010113:0.010041:0.009697:0.014581:0.011361:0.010113:0.005518:0.011361:0.006658:0.008919:0.008231:0.011361:0.010041:0.005518:0.010113:0.004613:0.005427:0.011361:0.010041:0.011361:0.008919:0.005518:0.010041:0.004704:-0.372740 over different aspects of corporate controls for compliance by the :@0.386742:0.626347:0.926884:0.626353:0.926884:0.611071:0.386742:0.611064:0.008611:0.008376:0.007960:0.006820:0.002949:0.009082:0.004559:0.005246:0.004740:0.007960:0.006820:0.007960:0.010402:0.005699:0.002949:0.009082:0.006820:0.009082:0.007960:0.007960:0.005699:0.006820:0.002949:0.009082:0.006875:0.002949:0.007960:0.009082:0.007092:0.009082:0.009082:0.006658:0.008919:0.005699:0.008105:0.003835:0.017832:0.008828:0.009950:0.011271:0.006567:0.007689:0.009950:0.005427:0.007689:0.009389:0.005427:0.009950:0.007689:0.009389:0.008828:0.009950:0.015794:0.009950:0.005427:0.005427:0.009950:0.011271:0.008828:0.008828:0.009389:0.009407:0.009950:0.009389:0.006567:0.011271:0.008105:-0.394504 management. :@0.386742:0.642322:0.495741:0.642322:0.495741:0.627039:0.386742:0.627039:0.015070:0.009226:0.010547:0.009064:0.008883:0.008105:0.015070:0.008105:0.010547:0.005843:0.004704:0.003835 :@0.366226:0.657604:0.384317:0.657604:0.384317:0.644239:0.366226:0.644239:0.018091 In India, the Companies Act, IFCs are “adequate and effective”. :@0.384878:0.658297:0.927083:0.658303:0.927083:0.643020:0.384878:0.643014:0.007526:0.006332:0.011036:0.007526:0.006332:0.011036:0.009715:0.005192:0.009715:0.005192:0.007526:0.006332:0.011036:0.008593:0.007526:0.011036:0.009715:0.015558:0.009715:0.009715:0.011036:0.005192:0.008593:0.007454:0.007526:0.013297:0.008593:0.006332:0.004704:0.003835:0.017706:0.006097:0.009480:0.010800:0.007218:0.005717:0.009480:0.007218:0.008358:0.005717:0.008358:0.009480:0.009480:0.008358:0.009480:0.010800:0.009317:0.006097:0.008358:0.005717:0.009480:0.010800:0.009480:0.005717:0.008358:0.005644:0.005138:0.008358:0.008340:0.006097:0.004613:0.008774:0.008358:0.008358:0.004704:-0.438122 2013 requires, in the context Explanation to sub-section (e) gives :@0.386723:0.674271:0.926938:0.674278:0.926938:0.658995:0.386723:0.658989:0.011036:0.011036:0.011036:0.011036:0.007616:0.007454:0.008593:0.009715:0.011036:0.005192:0.007454:0.008593:0.007454:0.005192:0.007616:0.005192:0.011036:0.007616:0.006332:0.011036:0.008593:0.007616:0.008593:0.009715:0.011036:0.006332:0.008250:0.009715:0.005843:0.003835:0.017977:0.009226:0.009226:0.009226:0.004704:0.009226:0.010547:0.009064:0.005843:0.004704:0.009226:0.010547:0.004487:0.005843:0.009226:0.004487:0.006965:0.010547:0.009226:0.005843:0.006965:0.008105:0.008105:0.005843:0.004704:0.009226:0.010547:0.004487:0.005843:0.008105:0.005843:0.004487:0.009226:0.004360:0.008521:0.008105:0.006965:-0.459686 of preparation and presentation the purport of IFC.:@0.386723:0.690246:0.796863:0.690253:0.796863:0.674970:0.386723:0.674964:0.009353:0.007146:0.004794:0.009353:0.007092:0.008231:0.009353:0.009353:0.006929:0.009190:0.005970:0.004830:0.009353:0.010674:0.004794:0.009353:0.010674:0.009353:0.004794:0.009353:0.007092:0.008231:0.007092:0.008231:0.010674:0.005970:0.009190:0.005970:0.004830:0.009353:0.010547:0.003835:0.017814:0.005843:0.010547:0.008105:0.003835:0.009226:0.010547:0.007236:0.009226:0.009226:0.007490:0.005843:0.003835:0.009226:0.007019:0.003835:0.005843:0.009226:0.010547:-0.350452 of Financial Statements, :@0.386723:0.706221:0.637775:0.706221:0.637775:0.690939:0.386723:0.690939:0.010963:0.004704:0.004052:0.017096:0.010963:0.006440:0.012284:0.010963:0.012284:0.009842:0.006440:0.010963:0.006440:0.017096:0.010963:0.007580:0.010800:0.007580:0.009842:0.016807:0.009842:0.012284:0.007580:0.008702:0.004704:0.003835 development and implementation Directors’ Responsibility Statement :@0.386723:0.722196:0.926812:0.722202:0.926812:0.706920:0.386723:0.706913:0.009046:0.007924:0.008340:0.007924:0.004523:0.009046:0.009046:0.014889:0.007924:0.010366:0.005663:0.002750:0.009046:0.010366:0.009046:0.002750:0.004523:0.014889:0.009046:0.004523:0.007924:0.014889:0.007924:0.010366:0.005663:0.008883:0.005663:0.004523:0.009046:0.010547:0.003835:0.017887:0.011741:0.004758:0.007019:0.008159:0.008159:0.005898:0.009281:0.007381:0.007019:0.004758:0.004668:0.011036:0.008159:0.007019:0.009281:0.009281:0.010601:0.007019:0.004758:0.009281:0.004758:0.004758:0.004758:0.005898:0.009281:0.004668:0.009281:0.005898:0.009118:0.005898:0.008159:0.015124:0.008159:0.010601:0.005843:-0.524688 of a risk management policy and is part of Financial Statements :@0.386723:0.738171:0.926884:0.738177:0.926884:0.722894:0.386723:0.722888:0.009226:0.007019:0.003853:0.009226:0.003853:0.006965:0.004704:0.006965:0.009226:0.003853:0.015070:0.009226:0.010547:0.009064:0.008883:0.008105:0.015070:0.008105:0.010547:0.005843:0.003853:0.009226:0.009226:0.004704:0.004704:0.007942:0.009226:0.003853:0.009226:0.010547:0.009226:0.003835:0.017851:0.005355:0.007616:0.008828:0.009878:0.009878:0.008141:0.006495:0.008828:0.009878:0.004704:0.002967:0.008828:0.009878:0.005355:0.011198:0.009878:0.011198:0.008756:0.005355:0.009878:0.005355:0.008828:0.009878:0.006495:0.009715:0.006495:0.008756:0.015721:0.008756:0.011198:0.006495:0.006965:-0.546470 operation of effective Internal which are subject to audit by an :@0.386723:0.754146:0.926775:0.754152:0.926775:0.738869:0.386723:0.738863:0.009679:0.009679:0.008557:0.007255:0.009516:0.006296:0.005156:0.009679:0.010999:0.007345:0.009679:0.004704:0.002768:0.007345:0.008557:0.005843:0.005337:0.008557:0.008557:0.006296:0.004812:0.008973:0.008557:0.007345:0.006296:0.010999:0.006296:0.008557:0.007870:0.010999:0.009679:0.004704:0.003835:0.018050:0.013623:0.010927:0.005084:0.008485:0.010927:0.006784:0.009606:0.007345:0.008485:0.006784:0.007345:0.010927:0.009606:0.005084:0.008485:0.008485:0.006223:0.006784:0.006223:0.009606:0.006784:0.009606:0.010927:0.009606:0.005084:0.006223:0.006784:0.009064:0.009606:0.006784:0.009606:0.010547:-0.568070 Financial Controls by its Board independent auditor.:@0.386723:0.770121:0.812349:0.770127:0.812349:0.754844:0.386723:0.754838:0.009516:0.004993:0.010837:0.009516:0.010837:0.008394:0.004993:0.009516:0.004993:0.006006:0.010837:0.009516:0.010837:0.006133:0.007255:0.009516:0.004993:0.007255:0.006006:0.008973:0.009516:0.006006:0.004993:0.006133:0.007255:0.006006:0.010837:0.009516:0.009516:0.007255:0.009226:0.003835:0.017760:0.004704:0.010547:0.009226:0.008105:0.009226:0.008105:0.010547:0.009226:0.008105:0.010547:0.005843:0.003835:0.009226:0.010547:0.009226:0.004704:0.005843:0.009226:0.005355:-0.474485 of Directors for a listed company.:@0.386723:0.786095:0.633035:0.786095:0.633035:0.770813:0.386723:0.770813:0.009226:0.007019:0.003835:0.011687:0.004704:0.006965:0.008105:0.008105:0.005843:0.009226:0.007327:0.006965:0.003835:0.004704:0.009226:0.006965:0.003835:0.009226:0.003835:0.004704:0.004704:0.006965:0.005843:0.008105:0.009226:0.003835:0.008105:0.009226:0.015070:0.009226:0.009226:0.010023:0.006712:0.004704 The Issues Involved:@0.366211:0.819455:0.520950:0.819455:0.520950:0.801368:0.366211:0.801368:0.009802:0.010201:0.009004:0.004844:0.005566:0.007921:0.007921:0.010220:0.009004:0.007921:0.004844:0.005566:0.010220:0.008776:0.009973:0.004825:0.008776:0.009004:0.010353 Internal Financial Control (IFC) is Management (ERM). The Directors’ :@0.381595:0.834020:0.926920:0.834026:0.926920:0.818744:0.381595:0.818737:0.005843:0.010547:0.005843:0.008105:0.007417:0.010547:0.009226:0.004704:0.003256:0.009226:0.004704:0.010547:0.009226:0.010547:0.008105:0.004704:0.009226:0.004704:0.003256:0.010547:0.009226:0.010547:0.005843:0.006965:0.009226:0.004704:0.003256:0.005843:0.005843:0.009226:0.010547:0.005843:0.003256:0.004704:0.006965:0.003835:0.017786:0.015070:0.009226:0.010547:0.009064:0.008883:0.008105:0.015070:0.008105:0.010547:0.005843:0.004215:0.005843:0.009226:0.011687:0.015070:0.005843:0.004704:0.003492:0.010547:0.010547:0.008105:0.004215:0.011687:0.004704:0.006965:0.008105:0.008105:0.005843:0.009226:0.007327:0.006965:0.004704:-0.676762 a fundamental element of corporate Responsibility Statement has to :@0.366218:0.849995:0.927011:0.850001:0.927011:0.834718:0.366218:0.834712:0.009172:0.003202:0.004649:0.010493:0.010493:0.009172:0.009172:0.015016:0.008051:0.010493:0.005789:0.009172:0.004649:0.003202:0.008051:0.004649:0.008051:0.015016:0.008051:0.010493:0.005789:0.003202:0.009172:0.006965:0.003202:0.008051:0.009172:0.007182:0.009172:0.009172:0.006748:0.009009:0.005789:0.008105:0.003835:0.017678:0.011615:0.008738:0.007598:0.009860:0.009860:0.011180:0.007598:0.005337:0.009860:0.005337:0.005337:0.005337:0.006477:0.009860:0.008666:0.009860:0.006477:0.009697:0.006477:0.008738:0.015703:0.008738:0.011180:0.006477:0.008666:0.011180:0.009860:0.007598:0.008666:0.006477:0.009226:-0.698562 management. The management is state that IFC “are adequate and :@0.366218:0.865970:0.926703:0.865976:0.926703:0.850693:0.366218:0.850687:0.015178:0.009335:0.010656:0.009172:0.008991:0.008213:0.015178:0.008213:0.010656:0.005952:0.004812:0.004722:0.003998:0.010656:0.010656:0.008213:0.004722:0.015178:0.009335:0.010656:0.009172:0.008991:0.008213:0.015178:0.008213:0.010656:0.005952:0.004722:0.004812:0.006965:0.003835:0.018076:0.007345:0.006223:0.009444:0.006223:0.008485:0.006802:0.006223:0.010927:0.009444:0.006223:0.006802:0.006223:0.009606:0.010927:0.006802:0.008485:0.009606:0.007345:0.008485:0.006802:0.009606:0.009606:0.008485:0.009606:0.010927:0.009444:0.006223:0.008485:0.006802:0.009606:0.010927:0.009226:-0.719964 :@0.655514:0.162384:0.673605:0.162384:0.673605:0.149019:0.655514:0.149019:0.018091 What is IFC and what are its :@0.674130:0.163076:0.926845:0.163076:0.926845:0.147794:0.674130:0.147794:0.007218:0.017422:0.010981:0.009498:0.006278:0.007218:0.005138:0.007399:0.007218:0.006278:0.009661:0.010981:0.007218:0.009661:0.010981:0.009661:0.007218:0.013677:0.010981:0.009498:0.006278:0.007218:0.009661:0.007399:0.008539:0.007218:0.005138:0.006278:0.006965:0.003835 objectives?:@0.676029:0.179051:0.756155:0.179051:0.756155:0.163769:0.676029:0.163769:0.009226:0.009226:0.004704:0.008105:0.008105:0.005843:0.004360:0.008521:0.008105:0.006965:0.006965 :@0.655514:0.194334:0.673605:0.194334:0.673605:0.180968:0.655514:0.180968:0.018091 What are its attributes? How :@0.674184:0.195026:0.926936:0.195026:0.926936:0.179743:0.674184:0.179743:0.007580:0.017476:0.011036:0.009552:0.006332:0.007580:0.009715:0.007454:0.008593:0.007580:0.005192:0.006332:0.007454:0.007580:0.009552:0.006332:0.006332:0.007454:0.005192:0.009715:0.011036:0.006332:0.008593:0.007454:0.007454:0.007580:0.013297:0.009371:0.013767:0.003835 is it expected to promote better :@0.676029:0.211001:0.927044:0.211001:0.927044:0.195718:0.676029:0.195718:0.004975:0.007236:0.005898:0.004975:0.006115:0.005898:0.008032:0.009498:0.009498:0.008376:0.008376:0.006115:0.008376:0.009498:0.005898:0.006115:0.009498:0.005898:0.009498:0.007236:0.009498:0.015341:0.009498:0.006115:0.008376:0.005898:0.009498:0.008376:0.006115:0.006115:0.008376:0.006965:0.003835 corporate governance?:@0.676029:0.226976:0.847515:0.226976:0.847515:0.211693:0.676029:0.211693:0.008105:0.009226:0.007236:0.009226:0.009226:0.006802:0.009064:0.005843:0.008105:0.003835:0.008521:0.008756:0.008521:0.008105:0.007417:0.010547:0.009226:0.010547:0.008105:0.008105:0.006965 :@0.655514:0.242258:0.673605:0.242258:0.673605:0.228893:0.655514:0.228893:0.018091 Are there strategic, operational :@0.673822:0.242951:0.926737:0.242951:0.926737:0.227668:0.673822:0.227668:0.005265:0.012989:0.007146:0.008286:0.005265:0.006024:0.010728:0.008286:0.007146:0.008286:0.005265:0.007146:0.006024:0.006983:0.009245:0.006024:0.008286:0.009407:0.004885:0.007761:0.004885:0.005265:0.009407:0.009407:0.008286:0.006983:0.009245:0.006024:0.004885:0.009407:0.010728:0.009407:0.004704:0.003835 and people-oriented challenges? :@0.676029:0.258925:0.926845:0.258925:0.926845:0.243643:0.676029:0.243643:0.009371:0.010692:0.009371:0.004957:0.009371:0.008250:0.009371:0.009371:0.004848:0.008250:0.005988:0.009371:0.007110:0.004848:0.008250:0.010692:0.005988:0.008250:0.009371:0.004957:0.008250:0.010692:0.009371:0.004848:0.004848:0.008250:0.010692:0.009027:0.008250:0.007110:0.006965:0.003835 If so, how to overcome them?:@0.676029:0.274900:0.896271:0.274900:0.896271:0.259618:0.676029:0.259618:0.005843:0.007019:0.003835:0.006965:0.008883:0.004704:0.003835:0.010547:0.008883:0.013767:0.003835:0.005843:0.009226:0.003835:0.008756:0.008521:0.008105:0.006965:0.008105:0.009226:0.015070:0.008105:0.003835:0.005843:0.010547:0.008105:0.015070:0.006965 :@0.655514:0.290183:0.673605:0.290183:0.673605:0.276817:0.655514:0.276817:0.018091 Are the developments in India :@0.673967:0.290875:0.926936:0.290875:0.926936:0.275593:0.673967:0.275593:0.006187:0.013116:0.007273:0.008412:0.006187:0.006151:0.010855:0.008412:0.006187:0.009534:0.008412:0.008828:0.008412:0.005011:0.009534:0.009534:0.015377:0.008412:0.010855:0.006151:0.007273:0.006187:0.005011:0.010855:0.006187:0.006151:0.010855:0.009534:0.005011:0.009226:0.003835 in this respect in line with :@0.676029:0.306850:0.927080:0.306850:0.927080:0.291567:0.676029:0.291567:0.005590:0.011434:0.010583:0.006730:0.011434:0.005590:0.007852:0.010583:0.007852:0.008991:0.007852:0.010113:0.008991:0.008991:0.006730:0.010583:0.005590:0.011434:0.010583:0.005590:0.005590:0.011434:0.008991:0.010583:0.014654:0.005590:0.006730:0.010547:0.003835 international trends? :@0.676029:0.322825:0.838795:0.322825:0.838795:0.307542:0.676029:0.307542:0.004704:0.010547:0.005843:0.008105:0.007417:0.010547:0.009064:0.005843:0.004704:0.009226:0.010547:0.009226:0.004704:0.003835:0.005843:0.006965:0.008105:0.010547:0.009226:0.006965:0.006965:0.003835 :@0.655514:0.338107:0.673605:0.338107:0.673605:0.324742:0.655514:0.324742:0.018091 Are there interrelationships :@0.674745:0.338800:0.926791:0.338800:0.926791:0.323517:0.674745:0.323517:0.013767:0.007924:0.009064:0.003835:0.007381:0.006802:0.011506:0.009064:0.007924:0.009064:0.003835:0.007381:0.005663:0.011506:0.006802:0.009064:0.008557:0.007924:0.009064:0.005663:0.010023:0.006802:0.005663:0.010185:0.011506:0.007924:0.011506:0.005663:0.010185:0.006965:0.003835 among internal financial :@0.676029:0.354775:0.926972:0.354775:0.926972:0.339492:0.676029:0.339492:0.010891:0.016734:0.010891:0.012212:0.010891:0.016572:0.006368:0.012212:0.007508:0.009769:0.009082:0.012212:0.010891:0.006368:0.016572:0.004613:0.006278:0.012212:0.010891:0.012212:0.009769:0.006368:0.010891:0.004704:0.003835 controls, ERM and financial :@0.676029:0.370749:0.927062:0.370749:0.927062:0.355467:0.676029:0.355467:0.008955:0.010077:0.011397:0.006694:0.007815:0.010077:0.005554:0.007815:0.005554:0.010312:0.010077:0.012537:0.015920:0.010312:0.010077:0.011397:0.010077:0.010312:0.004613:0.005464:0.011397:0.010077:0.011397:0.008955:0.005554:0.010077:0.004704:0.003835 statements leading to high :@0.676029:0.386724:0.926845:0.386724:0.926845:0.371442:0.676029:0.371442:0.008014:0.006893:0.010113:0.006893:0.009154:0.016119:0.009154:0.011596:0.006893:0.008014:0.011904:0.005753:0.009154:0.010276:0.010276:0.005753:0.011596:0.010276:0.011904:0.006893:0.010276:0.011904:0.011596:0.005753:0.010276:0.010547:0.003835 quality reporting and promoting :@0.676029:0.402699:0.926954:0.402699:0.926954:0.387416:0.676029:0.387416:0.009226:0.010547:0.009226:0.004704:0.004704:0.005843:0.009226:0.004414:0.006965:0.008105:0.009226:0.009226:0.007490:0.005843:0.004704:0.010547:0.009226:0.004414:0.009226:0.010547:0.009226:0.004414:0.009226:0.006965:0.009226:0.015070:0.009226:0.005843:0.004704:0.010547:0.009226:0.003835 value maximisation objective of :@0.676029:0.418674:0.927098:0.418674:0.927098:0.403391:0.676029:0.403391:0.009082:0.009425:0.004903:0.010746:0.008304:0.005319:0.015269:0.009425:0.009425:0.004903:0.015269:0.004903:0.007164:0.009263:0.006042:0.004903:0.009425:0.010746:0.005301:0.009425:0.009425:0.004903:0.008304:0.008304:0.006042:0.004559:0.008720:0.008304:0.005301:0.009425:0.004704:0.003835 the firm?:@0.676029:0.434649:0.742749:0.434649:0.742749:0.419366:0.676029:0.419366:0.005843:0.010547:0.008105:0.003835:0.004613:0.004613:0.007128:0.015070:0.006965 :@0.655514:0.449931:0.673605:0.449931:0.673605:0.436566:0.655514:0.436566:0.018091 What are potential areas of :@0.674401:0.450624:0.926682:0.450624:0.926682:0.435341:0.674401:0.435341:0.003835:0.005192:0.017657:0.011217:0.009733:0.006513:0.003835:0.005192:0.009896:0.007634:0.008774:0.003835:0.005192:0.009896:0.009896:0.006513:0.008774:0.011217:0.006513:0.005373:0.009896:0.005373:0.003835:0.005192:0.009896:0.007634:0.008774:0.009896:0.007634:0.003835:0.005192:0.009896:0.004704:0.003835 research in IFC?:@0.676029:0.466598:0.796516:0.466598:0.796516:0.451316:0.676029:0.451316:0.006965:0.008105:0.006965:0.008105:0.009226:0.006965:0.008105:0.010547:0.003835:0.004704:0.010547:0.003835:0.005843:0.009226:0.010547:0.006965 Legal Provisions:@0.655498:0.499959:0.782751:0.499959:0.782751:0.481871:0.655498:0.481871:0.009099:0.009004:0.008757:0.009745:0.004825:0.004844:0.010125:0.006459:0.009783:0.008966:0.004806:0.007921:0.004806:0.009973:0.010220:0.007921 (a) Provisions in the Companies Act, :@0.655498:0.518803:0.927535:0.518803:0.927535:0.502375:0.655498:0.502375:0.005717:0.008842:0.005717:0.005184:0.009192:0.005846:0.009100:0.008070:0.004155:0.007574:0.004155:0.009284:0.009486:0.007574:0.005184:0.004155:0.009486:0.005202:0.006067:0.009486:0.008401:0.005202:0.010552:0.009284:0.013401:0.009559:0.008842:0.009486:0.004155:0.008401:0.007574:0.005202:0.010148:0.007850:0.006067:0.004155:0.004283 2013: :@0.655498:0.534777:0.698176:0.534777:0.698176:0.518350:0.655498:0.518350:0.008593:0.010167:0.006676:0.008593:0.004432:0.004215 A mandatory provision [section :@0.670876:0.562454:0.926794:0.562454:0.926794:0.547171:0.670876:0.547171:0.013080:0.005934:0.015341:0.009498:0.010819:0.009498:0.009335:0.006115:0.009498:0.007598:0.009498:0.005934:0.009498:0.007236:0.009027:0.009498:0.004975:0.007236:0.004975:0.009498:0.010819:0.005934:0.006115:0.007236:0.008376:0.008376:0.006115:0.004975:0.009498:0.010547:0.003835 company and (to report that) such :@0.655498:0.642328:0.926902:0.642328:0.926902:0.627045:0.655498:0.627045:0.008231:0.009353:0.015197:0.009353:0.009353:0.010149:0.009353:0.004794:0.009353:0.010674:0.009353:0.004794:0.005970:0.005970:0.009353:0.004794:0.007092:0.008231:0.009353:0.009353:0.007616:0.005970:0.004794:0.005970:0.010674:0.009190:0.005970:0.005970:0.004794:0.007092:0.010674:0.008231:0.010547:0.003835 It may be further stated that :@0.670876:0.706227:0.926703:0.706227:0.926703:0.690945:0.670876:0.690945:0.006495:0.006495:0.003835:0.005047:0.015721:0.009353:0.009878:0.003835:0.005047:0.009878:0.008756:0.008901:0.005355:0.011198:0.008141:0.006495:0.011198:0.008756:0.007616:0.008901:0.007616:0.006495:0.009715:0.006495:0.008756:0.009878:0.003835:0.005047:0.006495:0.011198:0.009715:0.005843:0.003835 Internal Financial Controls (IFC) :@0.670876:0.786102:0.926685:0.786102:0.926685:0.770819:0.670876:0.770819:0.005952:0.010656:0.005970:0.008213:0.007526:0.010656:0.009335:0.004812:0.004740:0.009335:0.004812:0.010656:0.009335:0.010656:0.008231:0.004812:0.009335:0.004812:0.004740:0.010656:0.009335:0.010674:0.005952:0.007074:0.009335:0.004812:0.007074:0.004740:0.005952:0.005952:0.009335:0.010656:0.005843:0.003835 are essential as tools for enhancing :@0.655498:0.802076:0.927011:0.802076:0.927011:0.786794:0.655498:0.786794:0.009245:0.006983:0.008123:0.004613:0.008123:0.006983:0.006983:0.008123:0.010565:0.005862:0.004722:0.009245:0.004722:0.004613:0.009245:0.006983:0.004613:0.005862:0.009245:0.009245:0.004722:0.006983:0.004613:0.004722:0.009245:0.006983:0.004613:0.008123:0.010565:0.010565:0.009245:0.010565:0.008123:0.004722:0.010565:0.009226:0.003835 effectiveness of Enterprise Risk :@0.655498:0.818051:0.926739:0.818051:0.926739:0.802769:0.655498:0.802769:0.008810:0.006097:0.005590:0.008810:0.008810:0.006549:0.005066:0.009226:0.008810:0.011253:0.008810:0.007671:0.007671:0.009299:0.009932:0.004704:0.003021:0.009299:0.009932:0.011253:0.006549:0.008810:0.007942:0.009932:0.007671:0.005409:0.007671:0.008810:0.009299:0.012392:0.005409:0.007671:0.009226:0.003835 Internal Control has been :@0.670876:0.897926:0.927011:0.897926:0.927011:0.882643:0.670876:0.882643:0.007182:0.011886:0.007182:0.009444:0.008756:0.011886:0.010565:0.006042:0.014057:0.011886:0.010565:0.011886:0.007182:0.008304:0.010565:0.006042:0.014057:0.011886:0.010565:0.008304:0.014057:0.010565:0.009444:0.009444:0.010547:0.003835 O:@0.065996:0.280637:0.251991:0.280637:0.251991:0.069136:0.065996:0.069136:0.185995 COMPANIES ACT:@0.145206:0.066064:0.377019:0.066064:0.377019:0.043316:0.145206:0.043316:0.020016:0.021232:0.022426:0.017216:0.020016:0.020016:0.010377:0.018822:0.018822:0.009574:0.020016:0.020016:0.013264 Companies Act:@0.537430:0.037629:0.746752:0.037629:0.746752:0.014881:0.537430:0.014881:0.020016:0.017606:0.023642:0.017606:0.016412:0.017606:0.010377:0.016412:0.016412:0.009574:0.020016:0.016412:0.007229