📦💰 Understand the Complete P2P Cycle – From Procurement to Payment!

In this video, we take a deep dive into the Procure-to-Pay (P2P) process, covering every key step from purchase requisition to final vendor payment. Whether you're an internal auditor, finance professional, or part of the procurement team, this video gives a structured walkthrough of each sub-process and the controls that matter.

🔍 What’s Inside?

✅ Overview of P2P sub-processes

✅ Key risks & internal controls at each stage

✅ Common red flags & audit checkpoints

✅ Best practices for process efficiency & compliance

📊 Perfect for internal audits, process reviews, and ERP implementations!

🔍 #ProcureToPay #InternalAudit #P2PProcess #AuditTraining #InternalControls #FinanceProcess #ERP #Compliance #RiskManagement #AuditTools 

🧾 Master the BRS Audit Process – Key Risks, Controls & Fraud Case Studies Included!

In this video, we explore the Bank Reconciliation Statement (BRS) audit process — a critical area in financial audits. You’ll learn how to assess the process, spot high-risk areas, and understand the potential fraud risks with real case studies.

🎯 Ideal for Internal Auditors, Accountants & Finance Professionals looking to strengthen their audit coverage on cash and bank balances.

📌 What's Covered:

✅ BRS process walkthrough

✅ Key risks and internal control gaps

✅ Common fraud scenarios & red flags

✅ Checklist for BRS audit 

📊 #BankReconciliation #BRSAudit #InternalAudit #AuditChecklist #FraudRisk #FinanceControls #CashAudit #AuditTools #InternalControls 

Fraud Risk Management

🚨 Fraud Risk Management (FRM) Series - Part 1 of 3 🚨

Welcome to the first episode of our 3-part series on setting up a Fraud Risk Management (FRM) framework! In this video, we cover:

✅ Concepts in Fraud Risk Management

✅ Key components of an effective FRM framework

✅ Maturity Modes

✅ Mapping of Components to Maturity model

Whether you're a compliance officer, internal auditor, risk manager, or CFO, this series will help you build a strong fraud risk strategy.

#FraudRiskManagement #AntiFraud #RiskAssessment #InternalAudit #FraudPrevention #CorporateGovernance #FinancialCrime #FraudDetection #SOXCompliance #RiskControl

📢 Fraud Risk Management (FRM) Series - Part 2 📢

In this second episode of our 3-part series, we dive into the implementation phase of Fraud Risk Management (FRM). Learn how to effectively develop and deploy your fraud risk framework with:

🔹 Methodologies for Developing a Fraud Risk Control Matrix 📊

🔹 Key Challenges & Practical Solutions 🔍

🔹 Leveraging Technology for FRM & Fraud Detection 🤖

Provides actionable insights for internal auditors, risk managers, compliance professionals, and CFOs.

#FraudRiskManagement #RiskAssessment #FraudDetection #InternalAudit #CorporateGovernance #SOXCompliance #FraudPrevention #FinancialCrime #DataAnalytics #FraudDetection #riskmitigation

📢 Fraud Risk Management (FRM) Series - Part 3 📢

In this final episode of our 3-part series, we apply the Fraud Risk Control Matrix (FRCM) to the Payroll function—a critical area prone to fraud risks. This session covers:

🔹 Top-Down Approach to Payroll Fraud Risk Management 🎯

🔹 Bottom-Up Approach for Effective Fraud Detection & Prevention 🔍

Learn how to identify payroll fraud risks, implement strong control measures, and use data analytics & automation to detect fraud in payroll processing. Perfect for internal auditors, risk managers, and HR professionals!

#FraudRiskManagement #PayrollFraud #InternalAudit #FraudDetection #SOXCompliance #RiskControl #CorporateGovernance #PayrollRisk #RiskMitigation #FinancialCrime

This video provides a technical breakdown and analysis of the significant inventory discrepancy reported by Ramkrishna Forgings, based on the joint fact-finding report dated June 14, 2025. It serves as an educational case study for internal audit, IT audit, and finance professionals.

This had a notable impact on the company's financials, amounting to 6.73% of its net worth.

In this detailed analysis, we will cover the following based on the report's findings:

The Root Causes: We will examine the specific factors that led to the discrepancy, including:

1) Erroneous SAP entries made by users via specific movement types.

2) Reliance on a flawed, in-house custom "Z-Report" for WIP calculation in one plant.

3) Failure to record known operational process losses, such as scrap and testing materials, in the ERP system.

Key Learnings for Auditors: We will discuss practical audit procedures and controls to identify and prevent similar issues. This includes:

1) Monitoring high-risk SAP inventory transactions (e.g., 5xx, 7xx series).

2) The importance of testing the logic and output of custom (Z) reports used for financial reporting.

3) Verifying that Bill of Material (BOM) and routing data accurately reflect the physical production process.

4) Analyzing material-to-material transfers (MVT 309) for potential concealment of obsolete stock.

This analysis is intended for educational purposes to extract impartial lessons for the audit and finance community from the documented findings.

Disclaimer: The content is based exclusively on publicly available information filed by the company with stock exchanges. This is not a commentary on the company, its management, or its auditors