Accountability and responsibility at the board level has never been more apparent, where the requirement for a sound system of internal control is becoming one of managements main concerns.  In light of the recent public scandals concerning a number of fortune 500 companies, new guidance and regulations to address the issue of internal control has been released.  Sarbanes Oxley, Basel II and CEO/CFO Certification are a few of the recent regulatory developments affecting North America and Europe.  Coupled with this is an increase in customer awareness of the need for strong internal control and, as a result, many service providers are undertaking third party reviews (i.e. SAS70, FRAG 21, Section 5900) to assess and report on control design and operating effectiveness.

Through a combination of service offerings, Deloitte is able to assist companies in complying with internal control and risk management regulatory requirements, as well as developing risk management frameworks and monitoring processes for non-regulated entities.  In addition we issue third party reports for service organisations: