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
