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www.ewcindia.co.

in

Our Service is a commitment to deliver whats best for our clients

Contents

History of Frauds & Recent Surveys Risk & Challenges

About us
What we do

How we do
Why us

Our Team & Credentials


Annexure

History of Financial Frauds

Company 2010 2009 2004


Lehman Brothers Satyam Computers AIG Worldcom Kmart Enron Xerox

Audit Firm
Ernst & Young PWC PWC Arthur Andersen PWC Arthur Andersen KPMG

Type of Fraud
Failure to disclose Repo transactions to investors Falsified accounts Accounting of structured financial deals Overstated cash flows Misleading accounting practices Corporate fraud and corruption Falsifying financial results

Year

2002 2002 2001 2000

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

How could someone did fraud even after we closely monitor it

Auditor declared controls to be ineffective

How do I design controls in my business and IT systems

How IFRS will affect my Financial systems

Does my IT systems has sufficient password and user access security controls Why IT team is spending lot of unproductive time on maintenance

Is my system prone to access intrusions

Our ERP implementation team never gave us the controls

Are we ready for IFRS Convergence

What is the Solution???

About Us

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 CEOs, CIOs and CFOs of large corporations, who acts as our mentors in guiding us of the latest industry trends. Our Service Capabilities:

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

Application Security
Data & Information Security Infrastructure Security Data Center Security Vulnerability Assessment & Penetration Testing

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

Infrastructure Sizing for ERP Implementation


Business Continuity and Disaster Recovery Planning SAP GRC Rule-set designing IFRS Convergence Talent Management (Executive Coaching & Branding)

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

Assist in remediation

IT Infrastructure

People

Report gaps & suggest solutions

ERP System

Process

Develop control framework

Conduct test of controls

Document audit program

Our Dual-shore Approach

Information Access

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

Project Management and Execution

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)

Discussion and Reporting

Requirement Gathering

Process Understanding

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

High Level Process Documentation


Phase I: 3 weeks 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

Detailed Documentation Phase II: 8 - 10 weeks 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

Training and Ongoing Assistance


Phase III: 2 weeks 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

Agreed Milestones, Issue Management, Status Tracker, Continuous Communication and Support

Why us

Reduction in cost of compliance

Our smart Offshore / Onshore dual delivery model helps you save over 40% on cost of your compliance activities We can help you leverage the existing control features, which can reduce the manual efforts and will help in increasing your return on investments (ROI) 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

Maximizing ROI

Secured business

Compliance support

Value beyond assurance

Best practices

Increasing you market competitiveness by benchmarking your current business practices to the industry best practices

Our Team

Process Mr. Basant Bhanuka Director Business Advisory

ERP System Mr. Gourav Ladha, Director ERP Advisory

People Mr. Prabhat Ranjan Director HR Advisory

IT Infrastructure

Mr. Harishchandra Rana

Director Technology Advisory

Team Profiles

Basant Bhanuka

Gourav Ladha

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.

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

Team Profiles

Harishchandra Rana

Prabhat Ranjan

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 teambuilding/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

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 Cooperative 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

Credentials

*Client references available on request

Annexure Sample Dashboard

Annexure Sample Report

Annexure Sample Deliverable

Basant Bhanuka
Director ACA, CISA, CIA, CFSA, M.Com Mobile : +91-974-800-6957

Gourav Ladha
Director MBA, SAP Certified, SAP GRC Mobile : +91-971-295-2955

Website: www.ewcindia.co.in
Email: basant.bhanuka@ewcindia.co.in

Website: www.ewcindia.co.in
Email: gourav.ladha@ewcindia.co.in

Thank you.

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