Articles by Tulasi S Sastri

What is true MIS?

Tulasi S Sastri 16 December 2014 at 10:59

MIS is understood as Management Information Systems by many. However, it is also misunderstood by many, when it comes to what its true meaning is. I have come to think on these lines after seeing varied types of reports in different organizations, be

How can good record keeping systems help in productivity gains?

Tulasi S Sastri 09 December 2014 at 11:17

After completing one of our recent Internal Audit assignments, when we analyzed the time taken, Waiting for Documents topped the list! Clients Record Keeping System was such that no payable voucher could be readily picked up. One

How do we help managers develop decisional thinking?

Tulasi S Sastri 02 December 2014 at 10:58

We recognize that decision making is an important requirement for a Manager. A document on Delegation of Authority developed by me in an organization I worked for as the head of Finance function, can give some ideas, on how we could help in promoting

How do we assess the quality of Fixed Asset Record and related Controls?

Tulasi S Sastri 26 November 2014 at 10:53

Internal Financial Controls, under the Companies Act 2013, are Policies and Procedures, adopted by the company for ensuring orderly and efficient conduct of business, and among others, include, Safeguarding of its Assets. Let us see the

How do Internal Controls manifest in an Organization?

Tulasi S Sastri 19 November 2014 at 10:29

In my last article, “Internal Audit under the new Companies Act 2013 – Opportunity or Responsibility for the Internal Auditor?”, released through this medium on 11th November 2014, some of the key words used were, Orderly and Effici

Internal Audit under the new Companies Act 2013

Tulasi S Sastri 11 November 2014 at 10:55

Internal Audit under the new Companies Act 2013 – Opportunity or Responsibility for the Internal Auditor? Since Internal Audit has been given statutory recognition (under Section 138 of the Act), and has been made mandatory for certain categori

How to prevent instances of Fraud in Organizations? Some true stories

Tulasi S Sastri 05 November 2014 at 10:39

Under the new Companies Act 2013, in the Internal Financial Controls, to be instituted by the Board of Directors, one of the requirements is Preventing Frauds and Errors. In this context, I wish to share with you some true

How IT has become Imperative over the years, and made Accountants more Effective

Tulasi S Sastri 29 October 2014 at 13:08

After working for close to 4 decades in the Indian Industry, when I look back, I see a sea change in the environment, expectations, opportunities and risks associated with the Accountants role, over this period. Boundaries within which, the Ac