It could also be analyzed that though there is proper board for taking crucial decisions and responsibilities and some special committees such as audit committee, remuneration committee and nomination committee that has been constituted by the board for internal controls. As per the details of the audit committee , it is evident that audit committee only met two time in the financial year 2017 and only examine only financial affairs that too to a limited extent. The extent of responsibilities are only limited to internal controls, accounting policies, compliance to the accounting standards and appointment of external auditors. Therefore is no proper mechanism through which financial fraud could be prevented and hence it can be stated that the internal controls is also ineffective to a significant extent. Corporate fraud is mater of concern and the procedures to deal with corporate fraud is not properly mentioned in details within the corporate mechanism of the company. One of the most important aspect that must be pointed out that the there is no specific details of independent directors that is present in the board of the Access Intelligence. This is a matter of high concern as there may be high degree of misuse of powers by the directors of the company.

The analysis of the corporate governance mechanism of the Access intelligence also revealed the fact that there is no risk management committee. A business is essentially exposed to several types of risks. Either it may be financial and non financial in nature. The directors of the company didn’t not formed any special risk management committees which makes the company vulnerable to various risks (Tricker. and Tricker, 2015). So in essence it can be rightly said that the there is no special risk management within the company and hence the corporate governance mechanism to mitigate the risk is absolutely ineffective.

It is recommended that the organization must have a better corporate governance mechanism which will help to govern the company in a much better way and take decisions which will highly benefit the investors who have put their hard earned money in the company. The presence of a good corporate governance would also ensure that good internal control practice and therefore would help in avoiding malpractices and frauds in the corporate systems of the organizatio

The primary corporate objective of the firm is to provide shareholder’s value for their investment. The management is ensuring this by developing product which will help the company to be one of the pioneers in the communication software industry. Therefore, for developing high technol