E-pharma companies have gained significant attention in India in recent years. These companies have provided customers with an easy and convenient way to purchase medicines online. However, with the current strict show cause notice issued to top e-pharma companies regarding state licenses and other related regulations, it has become clear that these companies need to…
As businesses grow, many owners decide whether to manage their accounting in-house or outsource it. This decision can be difficult, as both options have pros and cons. The right choice for your business will depend on various factors, including the size and complexity of your organization. Outsourced accounting: Why it’s needed? Outsourced accounting is hiring…
Forensic auditing is a critical process investigating financial fraud and mismanagement within a company. With the growing demand for improved corporate governance practices, the importance of forensic auditing has become increasingly prominent in recent years. In this blog post, we would examine the role of forensic auditing in corporate governance, its significance in detecting and…
Audits can be intimidating and overwhelming, so it’s essential to be prepared and plan to ensure that your business is compliant. A comprehensive compliance plan can help your business pass an audit without any issues. Following are the four tips to create a successful compliance plan to prepare for any audit: 1) Understanding what is…
Compliance is no longer an issue that only affects large and often public companies. Even small and medium-sized companies must consider and comply with the compliance guidelines. Because the legislator makes no distinction here depending on the size of the company, compliance violations can also cost small and medium-sized companies their existence. Although awareness of…
Careful corporate governance today must include ensuring compliance with applicable rules and regulations. The management is therefore responsible for the implementation and control of necessary compliance measures. In the event of a negligent breach of this duty of care, CEOs, board members, managing directors, managers and senior executives themselves can also be held liable. A…
The implementation of an effective compliance management system is becoming an increasingly important issue for small and medium-sized companies. The reluctance that is still widespread, especially among small companies, harbours liability risks that should not be underestimated and can even prevent business deals. Compliance management is considered a key management element; however, small and medium-sized…
In many companies, compliance is still perceived as an unnecessary additional burden and as a restriction on entrepreneurial activity. There are good reasons, especially from an entrepreneur’s point of view, to tackle the topic quickly and in a structured manner. Why compliance? The term “compliance” still has predominantly negative connotations on the executive floors of…
