Internal controls and system assurance services are essential components of effective corporate governance and risk management practices within organizations. These services focus on evaluating and enhancing the reliability of internal processes, financial reporting, and compliance procedures. Internal controls encompass a range of policies, procedures, and mechanisms designed to safeguard assets, prevent fraud, and ensure accuracy in financial reporting. System assurance services involve assessing the design and effectiveness of information systems, IT infrastructure, and cybersecurity measures to mitigate risks related to data breaches, system failures, and unauthorized access. By conducting thorough audits, assessments, and reviews, internal controls and system assurance services help organizations identify weaknesses, improve efficiency, and ensure regulatory compliance. Ultimately, these services provide stakeholders with confidence in the integrity of financial information and the reliability of organizational operations.

Internal control gap assessment

The first step in developing internal financial controls is to perform a gap assessment against the current state. We do this using an established methodology, identifying the key gaps against leading practice, supporting management develop remediation plans, and providing the basis for further control development.

Control effectiveness testing

To support management’s monitoring of internal control effectiveness, we perform control testing covering design and implementation and operating effectiveness testing. We also bring value to the process by providing insight and recommendations on the control design and developing testing strategies that support the ongoing development of internal financial controls.