RISK AND COMPLIANCE ASSESSMENTS – INTERNAL CONTROL

RISK AND COMPLIANCE ASSESSMENTS - INTERNAL CONTROL

Client needs

  • Protect assets
  • Steer operations and enhance performance
  • Ensure the reliability of financial information

Our strengths

  • Pragmatic approach implemented by seasoned professionals to deliver cost-efficient controls
  • Proficiency in the COSO framework
  • Expertise in information systems

Solutions / services

  • Assistance with project contracting/management for specific operations
  • Outsourcing and assistance with the internal audit function
  • Assistance with preparing risk maps
  • Assessment of the design of the internal control framework/proposals for improvement
  • Drafting of procedures and key controls
  • Fraud detection

Approach / methodology

  • Meetings with senior managers to understand the business priorities, key indicators and principal financial and business data
  • Familiarisation with processes through meetings and walk-through tests
  • Determination of key controls
  • Mapping of information systems that support internal control
  • Control efficiency evaluation
  • Recommendations and remedial measures

Sample assignments

  • Risk mapping for a listed media company
  • Drafting of control procedures and implementation monitoring for a film and TV production company and a network of luxury hotels
  • Assessment of the "business revenue" process for an entity in the media industry
  • Detailed review of the procurement process for fraud detection purposes
  • Specific audit assignments in a company's local branches in relation to the partial outsourcing of internal audit functions