Governance, Risk, and Controls Services
Turn controls into competitive advantage
Rapid changes and unprecedented activity—from new participants in the public arena, activations of new companies, formation of new lines of business, or M&A—are affecting shareholder value and may also be raising concerns of increased regulation and compliance requirements.
Controls advisory and implementation
Internal controls compliance today is more than just achieving the baseline. It needs to add value. Our integrated controls advisory services are designed to help organizations enhance their approach to compliance. We use emerging technologies (robotics, cognitive computing, and data analytics) to help you shift the focus of your controls function from hindsight to foresight.
Our suite of tech-enabled services can help executives gain a better understanding of their current state of controls, spot trends, identify opportunities, and change behavior. Fostering insights and engagement, these digital tools can help your controls team keep pace with growth, navigate regulatory and cultural shifts, and protect business value in a quick and cost-efficient manner.
These services are also flexible and scalable. By working across your entire controls spectrum, they can help you address a range of scenarios, from specific pain points to wholesale change.
Governance, risk, and controls for private companies
Private companies may not be as regulated as their public counterparts, but risk management and internal controls still have value. That value isn’t only for companies getting ready for a public listing. It’s also for companies that want transparent financial and operational information available for decision-making and reporting. Our risk-based approach to controls can help private companies shore up internal controls to increase certainty about information from across the organization.
Explore our series on internal controls for private companies
More for your internal audit team
SOX compliance is often the responsibility of an internal audit (IA) function that, in many organizations, has higher expectations today than ever. For SOX and beyond, Deloitte assists IA teams with innovative methods, advanced analytics, and labs. We not only deliver assurance, but also advise on critical business issues and anticipate risks.
SOX readiness
SOX governance, risk, and compliance can be complex for companies that are first-time passengers on their SOX journey. Before a public listing, acquisition, or other triggering event, we can help you proactively evaluate your current state, improve or add needed controls, and map out an ongoing compliance plan. Doing so may help reduce the risk of noncompliance even before SOX officially applies to you.
SOX program services
We focus on your SOX program’s operating model, processes, and technology to help you drive greater efficiency, quality, and cost savings. Using organization-specific insights, we can assist you to implement innovative SOX approaches, from on-the-ground support to full-on outsourcing. And we can help turn traditional compliance-focused programs into forward-looking, risk-oriented systems.
SOX modernization
We can help you modernize your SOX processes globally, allowing for expanded automation and targeted stakeholder focus on high-risk areas. Modernizing your SOX program can increase transparency, deepen understanding, and reduce overall costs.
SOXwise™
Want to reduce time spent on SOX even more? Our SOXwise solution helps organizations effectively manage the SOX compliance life cycle—from risk assessment, design, controls testing, and monitoring to remediation and reporting. We use data-driven technology and analytics to standardize documentation, workflow, and reporting, which can help you strengthen and simplify your control environment and procedures.
As organizations have changed the way they operate over the past several years, more often than not, they consider governance, risk, and controls only as an afterthought. The current climate is complex and requires an experienced adviser to help you on your journey. We’ll meet you where you are—and help take you where you want to go so you can focus less on where you’ve been, and more on where you’re headed.
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Adam Berman
