Implementation of the internal control and risk management system

Through diagnostics of the internal control and risk management system, we can help the company identify problem areas in business processes, structure work with risks and controls, develop management tools and methodology to reduce risks of failure to achieve the goals of business processes, and optimize and increase their transparency.

Current issues

• Lack of an updated or insufficiently formalized internal control and risk management system at the level of the company’s business processes.
• Lack of a uniform methodology and processes for internal control and risk management.
• Insufficient number of automated assessment tools.
• Lack of real-time monitoring of the state of the control environment.

Kept methodology

Based on our extensive experience in describing business processes, risk libraries and control procedures for various industries (technology, retail, telecommunications, oil and gas, food production, pharmaceuticals, etc.), we can effectively and timely solve this task in accordance with the maturity level of the company’s internal control and risk management system.

Value to the business

• Confidence in achieving business process objectives through formalized operational and financial controls.
• Transparent reporting system.
• Tool for identifying problem areas of business processes and their improvement.