Controls Assessment and Transformation
Better controls drive better business
The ability of an organisation to control its risks is critical to its continued success.
Getting controls right enables organisations to effectively manage risks and drive performance. It also keeps costs down, grows revenue, secures assets and meets legal and regulatory compliance. Getting controls wrong costs money, wastes resources, leaves organisations exposed, increases compliance costs and distracts management from running the business.
When management know they have the right controls, they can rely on those controls to manage the risks that they take.
The challenge
Market conditions, management focus and the risks associated with the new landscape are changing. There is greater focus on increasing performance, maximising productivity and improving working capital and cash management cycles. This has led to reorganisations and reductions in staff, change programmes, complex relationships with customers and third parties, increased risk of employee fraud, and increasingly complex systems. Ultimately this leads to problems with alignment, effectiveness, efficiency and sustainability of an organisation’s controls.
How we can help you
It is not always about adding more controls; rather ensuring that the right balance of controls exists. We help you:
- Understand the existing control environment and how it fits into the context of the business. This includes the balance of controls, identifying causes of concern, and the order in which to fix them
- Make sure the key controls are designed effectively, in place and operating efficiently. Retaining the effective elements of the current framework and replacing poorly designed/ ineffective controls
- Implement methods including practical policies, procedures and training
- Implement regulatory and compliance solutions such as third party assurance (e.g. SAS 70), Sarbanes-Oxley (SOX), Basel II and Art. 728 of the Swiss Code Of Obligations
- Develop sustainable methods to measure and monitor control performance and demonstrate a controlled environment.
And since control issues do not exist in isolation, we look at how all layers of the organisation, including programmes, processes, applications, infrastructure, people, and legal and regulatory compliance, link to the control environment and impact business risks.
We draw from all areas of our business to work with you to customise your controls to suit your needs. We have a broad range of additional services that enable your organisation to be risk intelligent and well controlled.
Find out more
Key contact
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