The Companies Act, 2013 (the “2013 Act”) has imposed specific responsibilities on the Board of Directors (“Board”) towards the company’s internal financial controls and, inter alia, requires the Board to state that they have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.Consequent to the formal responsibility introduced under the 2013 Act, the role of the Board and the Audit Committee in the oversight of internal control has become increasingly critical. The process of complying with the annual assertion under the 2013 Act requires effective planning, knowledgeable resources, and excellent coordination and communication.Our internal control specialists have considerable experience as controls testing providers and are well versed in internal financial control related requirements, tools and technologies. Our service included; Testing Internal Financial Controls, Their Effect