SOX Audit & Clause 49 Compliance Services

SOX Audit & Clause 49 Compliance Services

Elevating Corporate Governance for Indian Businesses

At TKM Associates, we help Indian businesses meet the stringent requirements of Clause 49 of the SEBI Listing Agreement and global standards like the Sarbanes-Oxley Act (SOX). Our services are designed to enhance transparency, accountability, and compliance with regulatory mandates, enabling organizations to build trust with stakeholders and sustain growth.

What Is Clause 49 Compliance?

Clause 49, established by the Securities and Exchange Board of India (SEBI), mandates corporate governance standards for listed companies in India. It focuses on:

• Board structure and composition.
• Roles of independent directors.
• Audit committees and their responsibilities.
• Risk management practices.
• Disclosure of related-party transactions.

Our SOX Audit & Clause 49 Compliance Services Include:

Governance and Board Evaluation:

• Ensuring compliance with the board composition requirements of Clause 49.
• Evaluating the roles and effectiveness of independent directors.

Audit Committee Compliance:

• Assisting in the establishment and functioning of audit committees.
• Providing training on the responsibilities outlined under Clause 49 and SOX-inspired governance standards.

Internal Controls and Risk Management:

• Implementing and assessing internal controls over financial reporting (ICFR).
• Developing risk identification and mitigation frameworks tailored to Indian businesses.

Financial Disclosure Review:

• Ensuring the accuracy and transparency of financial statements and mandatory disclosures.
• Complying with Clause 49’s emphasis on disclosure requirements.

Fraud Prevention and Ethics Policies:

• Establishing whistleblower mechanisms and ethics policies.
• Investigating fraud risks and enhancing anti-fraud controls.

Compliance Documentation and Testing:

• Conducting documentation of processes, risks, and controls.
• Testing the effectiveness of these controls as required under Clause 49.

ComplianceRegulatory Updates and Advisory:

• Keeping you updated with changes in corporate governance norms in India.
• Advising on strategies to adapt to evolving regulatory landscapes.

Benefits of SOX and Clause 49 Compliance:

• Enhanced Governance: Align with global and Indian standards of corporate accountability.
• Investor Confidence: Build trust by demonstrating transparency and ethical practices.
• Risk Mitigation: Proactively identify and address risks to financial and operational integrity.
• Regulatory Compliance: Avoid penalties and ensure adherence to SEBI guidelines.
• Sustainable Growth: Strengthen decision-making processes for long-term success.

Why Choose TKM Associates?

• Expertise in Indian Regulations: Deep understanding of SEBI mandates and local corporate governance requirements.
• Comprehensive Approach: End-to-end compliance support for Clause 49 and SOX-inspired governance standards.
• Tailored Solutions: Services customized to the unique needs of Indian businesses.
• Commitment to Excellence: Helping businesses achieve not just compliance but operational efficiency and strategic advantage.

Transform Your Governance Practices with TKM Associates

In today’s competitive and regulated environment, robust governance frameworks are essential for success. With our expertise, TKM Associates ensures that your business adheres to Clause 49 and SOX-inspired standards, paving the way for enhanced transparency and sustained growth.