Internal Control Review (Listed or Unlisted Companies)

One of the core principles underlying good Corporate Governance is the need to maintain sound and effective internal controls for proper oversight and risk management.

The Committee of Sponsoring Organizations of the Treadway Commission (COSO), in its Internal Control – Integrated Framework (1992) report, defines internal control as a process, effected by an entity’s board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

• Effectiveness and Efficiency of Operations
• Reliability of Financial Reporting
• Compliance with applicable Laws and Regulations

We can help determine whether a sound internal controls framework is in place, consisting of key components below:

• Effective Control Environment
• Assessment of Key Risks
• Control Activities
• Timely and Effective Information and Communication Processes
• Oversight and Monitoring Process