What we do
Internal Controls
Safeguarding assets and driving operational efficiency
Strong internal controls are vital for safeguarding assets, ensuring accuracy, and driving operational efficiency. We design and implement control systems tailored to your organization’s specific needs and risk profile.
What We Deliver
- Design, enhancement and assessment of Internal Control Systems (ICS) in accordance with COSO Internal Control, COBIT and IDW PS 982.
- Implementation of group-wide Internal Control Systems in (international) environments, including overall project leadership.
- Assessment of existing structures and development of the Target Operating Model, including definition of the underlying methodology.
- Facilitation of fit-gap analysis workshops, identification of key process steps and weaknesses, and definition of appropriate controls and remediation measures.
- Development and alignment of Risk and Control Matrices (RCMs).
- Design and delivery of training sessions and workshops for various stakeholder groups.
- Support in the selection and implementation of suitable GRC software solutions, including definition of functional requirements, development of high-level and detailed concepts, testing and validation, as well as roll-out and user training.
- Planning and execution of risk-based roll-outs and training programs.
- Assessment of the design adequacy and operating effectiveness of controls, including the performance of quality assurance activities.
Key Benefits
- Reduced fraud and error risk
- Improved financial reporting accuracy
- Greater operational efficiency
- Enhanced regulatory compliance readiness