Actionable Points on the Risk Assessment done by KPMG

Sl Process
Action Point Timeline
No. owner

Insurance

Detail checklist containing all the particulars of

policy like insured assets, insured value, date of
1 By 31st January 2011
renewal, premium amount, etc. are also to be
maintained at plant also.

Sales & Marketing

2 Setting-up of group credit limit of big 10 customers. By 31st March 2011

Time frame to be mutually decided

Maker-checker control is to be introduced at the time
3 by and to be immediately informed to
of entering the sale price and other terms in SAP.
the Audit Committee

Human Resource

4 Detailed HR Manual is to be prepared By 28th February 2011

Dependency on one contractor should be reduced in

5 By 31st March 2011
planned and phased manner in Plant.

Restriction in access to the master data of employees

6 By 31st January 2011
is to be developed in the SAP.

Advanced version of PMS is to be developed in

7 By 31st January 2011
integration with SAP-HR Module.

Information Technology

Daily basis back ups should be stored at off site

8 By 31st January 2011
for disaster recovery for Rishra Plant.

General Accounting & Reporting

This process will increase the man

Accrual (from Revenue angle) Vouchers entered in
power requirement. to have this
9 SAP is to be reviewed by AGM-Accounts from
reviewed and confirm our course of
maker-checker point of view.
action.