The BCCI has embarked on ‘Project Transformation’ and have engaged Deloitte, one of the biggest four accounting firms in the world, to undertake “Project Transformation under which the following objectives are expected to be achieved
• Strengthen its organisation/governance structure
• Revolutionise its operational practices
• Formalise the policies and procedures in line with world-class standards
• Improve the financial controls and processes etc.
• Identify opportunities for operational effectiveness and efficiency
The BCCI has hired Deloitte to advise them on certain specific aspects relating to the transformation project as enlisted below.
• Advising BCCI as they develop the detailed Accounting Manual and Standard Operating Practices (SOP) on an end to end basis
• Advising BCCI as they put in place a comprehensive Internal Control &Financial Reporting (ICFR) platform duly considering the best practices
• Providing various recommendations for process and control improvements/cost control/strengthening/governance/compliance mechanisms through Gap Analysis
