ACE INTEGRATED SOLUTIONS LIMITED
Climate Impact & Sustainability Data (2018-19)
Reporting Period: 2018-19
Environmental Metrics
Environmental Challenges
- Major fraud, lapses of internal control or system failures
- Multiple problems in large scale country-wide Examination Management projects (corrupt practices, question paper leakage, impersonation, misuse of social media, non-professional management, operational issues in security printing)
- Lack of availability of proper examination centers
- Lack of proper co-ordination in Pre-examination and post-examination activities and logistics errors
- Building the brand
- Obtaining and maintaining governmental and regulatory licenses and permits
- Interest rate fluctuations
- Unexpected changes in regulatory framework
- Changes in technology
- Changes in Government Policy
- Taxes and other levies imposed by the Government
- Downgrading of India’s sovereign rating
- Natural calamities
Mitigation Strategies
- Implemented and evaluated Internal Financial Controls
- Internal Audit Reports reviewed periodically by Audit Committee and Board
- Stringent cost actions and curtailing employee and non-employee costs
- Constant measures to improve business
- Building brand through marketing efforts and high-quality services
- Obtaining and maintaining approvals, licenses, registrations, and permits
- Developing solutions in enterprise online examination system for digital interface and secured testing services
- Updating and adopting new technologies