Business controls and performance assurance

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Business controls optimisation

Growing complexity and increased regulatory pressures combined with market stressors such as rapid technological advancements and operational efficiency imperatives are causing organizations and their stakeholders to seek greater value, transparency, assurance and reporting over a widening spectrum of activities.

 

 

 

 

Growing complexity and increased regulatory pressures combined with market stressors such as rapid technological advancements and operational efficiency imperatives are causing organizations and their stakeholders to seek greater value, transparency, assurance and reporting over a widening spectrum of activities.

Add to this the trend to go global, to go green, and the heightened need to consider and incorporate shared services, off-shoring and outsourcing solutions - it's no wonder companies are recognizing the benefits of expanding their risk assessments and risk management programs to beyond just financial reporting and insurable risks. We support them by providing integrated end-to-end solutions and services. Our Process Assurance professionals have deep industry knowledge (including within financial services and public sector), regulatory, technology and business process skills.

We review, assess, document, test and report on today’s complex landscape of financial, operational, regulatory and information technology controls. Our aim is to help our clients enhance value by improving processes and performance and focusing on results by providing services including among others:

  • Assistance in establishing, documenting or testing the internal control environment
  • Assessment of internal control environment, also utilizing globally recognized integrated internal control framework COSO
  • Advice and assistance in business process and internal controls optimization
  • Project assurance assistance
  • Regulatory compliance rationalization
  • Assistance in preparation for the  requirements of Sarbanes – Oxley or similar regulations or testing of compliance with these requirements
  • Outsourcing contract risk and compliance review
  • Assistance with third party assurance reports according to SSAE 16 / ISAE 3402 (formerly SAS 70) standards
  • Assistance with SOC 2, SOC 3 and reports according to ISRS, ISAE 3000 and other standards
  • Revenue assurance assistance including identification of  revenue streams with value leakage or without expected business benefits
  • Commercial assurance over key business relationships, including contract compliance testing.