Business Administration Department ("BAD")

The Business Administration Department manages the company day to day sales administrative operations carried out by all the sales department including logistic arrangement, inventory input and sales activities monitoring with the aim to prevent any internal misconduct and to ensure the appropriateness of the company business transactions.

This department also plays a critical role in ensuring effective internal control processes within our organization. As stewards of compliance and risk management, our team collaborates with various stakeholders to safeguard assets, promote accountability and maintain integrity.

Here are the key responsibilities and functions of our department:

1. Internal Control Frameworks and Policies :
   • We adopt and implement robust internal control frameworks, policies, and procedures. These guidelines ensure compliance with regulatory requirements.
   • Our focus is on maintaining a strong control environment that prevents fraud, mitigates risks, and fosters ethical behavior.
2. Risk Assessments and Reviews:
   • Regular risk assessments help us identify potential areas of risk, fraud, or non-compliance.
   • We review internal controls to evaluate their design and effectiveness. This includes assessing segregation of duties, access controls, and authorization processes.
3. Internal Audits and Testing:
   • Our team conducts internal audits and testing procedures to verify the accuracy and reliability of financial and operational information.
   • Audit findings, observations, and recommendations are documented in reports, which we share with management and relevant stakeholders.
4. Collaboration and Corrective Actions:
   • We collaborate with department managers and process owners to address control deficiencies.
   • Implementing corrective actions is essential to enhance control environments and minimize risks.
5. Training and Guidance:
   • We provide training to employees on internal control principles, policies, and procedures.
   • Our goal is to create a culture of accountability and integrity throughout the organization.
6. Investigations and Compliance Monitoring:
   • When suspected fraud, misconduct, or irregularities arise, we conduct thorough investigations.
   • We monitor compliance with internal policies, procedures, and ethical standars.
7. Stay Informed and Contribute to Resilience:
   • Our team stays updated on changes in regulations and laws related to internal controls and risk management.
   • We actively participate in cross-functional teams and committees to support organizational initiatives.
8. Liaison with External Auditors and Regulatos:
   • During audits and inspections, we collaborate with external auditors, regulators, and other stakeholders.