Aneja Associates is a boutique GRC (governance, risk, controls and compliance), management consulting, and IT consulting firm established in 1981 by Naren Aneja. Today, we are the trusted partners of over 250 prominent multinational and Indian companies across over 50 sectors. We serve clients across the globe in North America, Europe, Africa, South & Southeast Asia.
Within assurance services, we specialize in governance and risk management, internal control structures and corporate policy architecture. Our business advisory services include cost rationalization studies, operational efficiency reviews, business process redesign, business acquisition due diligences, and forensic studies. Our IT consulting offerings include IT risk assurance, technology consulting, Security as a Service, and designing IT strategy frameworks.
We do not conduct statutory audits and tax consulting services.
We currently have more than 300 qualified professionals, most of whom are Chartered Accountants, CIAs, CISAs, MBAs, and Cost Accountants working out of Mumbai, Delhi, Chennai, Vadodara and Pune.
We seek to add value to our clients by partnering with them to effectively manage financial, operational and compliance risks, enhance operational efficiencies, guide the implementation of best practices and build reputation through robust corporate governance.
Through our unique approach, extensive knowledge base, use of advanced data analytics, and our proprietary methodologies, we offer an unparalleled level of service to our clients across our GRC and consulting services.
As part of our unique approach, we concentrate on elevating transactional issues up the corporate governance value chain to add to shareholder value.
Transactional issues are resolved by bringing in control, policy as well as governance perspectives.
Our approach is complemented by our exceptional knowledge base. We have built a robust database of strategic and operational risks, effective internal control systems, and best practices across over 50 sectors that has been gleaned and fine-tuned over 41 years of experience.
Our audits and reviews are analytics-driven. We use the latest data analytics and visualization tools and techniques across the entire life cycle right from audit planning and optimizing sampling decisions, identifying trends, key deficiencies and process improvements, to effectively communicating insights.
Our commitment to offering innovative services has led us to design various proprietary models to provide assurance on governance, risk, control and compliance processes within an organization. Our key innovations include:
Controls Effectiveness Index (CEI©) measures the effectiveness of enterprise-wide/ functional internal controls and is calculated by developing an exhaustive risk and controls register based on the COSO framework, and evaluating the existence and effectiveness of controls.
Internal Controls Environment (ICE) Index evaluates the overall internal controls environment in an organization and is based on fifteen parameters, such as corporate policies and standards, risk management practices, etc.
Robust Controls Index (RCI) evaluates the degree of robustness of the internal control environment through automation, helping ascertain the level of dependence on manual versus automated controls.
Confirmed Improvement Value (CIV), Probable Improvement Value (PIV) and Confirmed Loss Value (CLV) indices quantify the benefits of internal audit and provide value for money assurance.