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SJVP Associates is a leading chartered accountancy firm rendering comprehensive professional services which include Corporate Governance, Ifrs, Risk Issues and Internal Controls Reporting.
Dialogue and Participation How we govern our corporations plays a central role in the strength and health of our global economy.
Today, there is a growing dialogue among the different stakeholders about corporate governance and how it should evolve to cope with the increasingly dynamic and global nature of our capital markets.
This dialogue is taking place against a background of legislative and regulatory change; the implementation of International Financial Reporting Standards around much of the world; an increase in the scope of audit and other internal control and risk management activities; and increased public scrutiny.
It is only with dialogue and the active participation of all stakeholders that the appropriate balance can be reached between: strengthened central controls and fast local responsiveness; effective risk management and the enduring need for innovation; the additional costs of the new corporate governance and the value it seeks to protect and enhance.
A Strategic Opportunity for Listed Companies Around the World The move to International Financial Reporting Standards (IFRS) is the single most important initiative in the financial reporting world.
Global financial markets demand international consistency in accounting and auditing standards and approaches. Several countries have either adopted IFRS or are basing their local standards on IFRS.
Today, many listed companies are converting to IFRS – the single most important initiative around the world. In order to use IFRS now, and in years to come, companies need to carefully plan and have a dedicated conversion strategy.
Risks change. Priorities change. People and processes change. When that happens, your business becomes exposed—unless you have a sustainable approach to risk management.
In this section you will find S P Thakkar & Associates's perspective on managing risk—the most important risk issues that our clients are seeking advice on; our global risk research into the views of key stakeholders; the unrivalled sector insights that our industry teams offer, and risk case studies that demonstrate how we are helping clients to tackle both the opportunities and threats of risk.
CEOs and CFOs of listed companies are being held more accountable for the integrity of their financial statements and the effectiveness of internal controls.
Directors and audit committees are taking on greater responsibility for overseeing management and for the relationship with the external auditor. In the near future, investors will see new reports from management and auditors about whether adequate internal control over financial reporting is in place.
This information is important to investors because good internal control over financial reporting is one of the most effective deterrents to fraud and a key factor in preventing financial misstatements.