Internal Controls Framework Development Consulting
Our Services
Outsource Services: Accounting & Bookkeeping
Business Risk Control
Risk control in Manufacturing business
Business Plan Consulting
Operational Strategy Consulting
Financial Strategy & Advisory Consulting
Cost Optimisation & Efficiency
Financial Controls & Compliance
Budgeting & Forecasting
Accounting & Reporting
Digital Finance Transformation
Sector-Specific Financial Advisory
Internal Controls Framework Development
Occupational Health and Safety (OHS) Audit
Business Continuity Plan (BCP)
Bottom Line Uplift Strategy Consulting
Business Policies and Procedures Consulting
Business Strategy Development Projects
Overview
Key Service Components
1. Internal Controls Assessment
- Review of existing controls and governance processes
- Gap analysis against frameworks like COSO
- Segregation of duties (SoD) evaluation
- Risk-control mapping for adequate coverage
2. Framework Design & Policy Development
- Creation of an internal controls framework and governance model
- Delegation of Authority (DoA) policy development
- Standard Operating Procedures (SOPs) for critical processes
- Control documentation for audits and compliance
3. Implementation & Integration
- Embedding controls in ERP and financial systems
- Process redesign for stronger control points
- Automation of monitoring and reporting
- Integration of KRIs and KCIs
4. Training & Capacity Building
- Training for finance and operations staff
- Manager workshops on monitoring and compliance
- Awareness programs to build a control-conscious culture
5. Monitoring, Testing & Improvement
- Regular control testing and evaluation
- Continuous monitoring tools implementation
- Annual updates to reflect new risks
- Audit preparation support
Business Benefits
Reduced Fraud & Error Risk with preventive controls
Improved Compliance with statutory requirements
Enhanced Efficiency through streamlined processes
Audit Readiness with robust documentation
Let’s help you design your internal control framework
Contact us today to assist with your internal controls framework design, policy development, implementation, and monitoring. Ensure compliance, efficiency, and fraud prevention.