Management Control – What Do We Offer
We guarantee support that covers all aspects of the unit’s operations for the purpose of Management Control. We offer comprehensive consulting for businesses and institutions.
We will tailor the project to your needs and existing solutions. We guarantee support in preparing and implementing management control processes and conducting compliance audits.
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Why is it worth collaborating with us
Knowledge and experience
Individual approach
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We speak in plain language.
With us, you get the complete package. We offer proprietary software that supports management control and consulting services.
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What is management control?
The updated Public Finance Act of August 2009 not only emphasizes the importance of a systematic approach to risk but also obliges public administration units to implement management control mechanisms that ensure the management of risks to which the organization is exposed.
The Act specifically highlights the role and scope of internal auditing and the audit committee. The document mentions the necessity of considering risk analysis when planning audits, as well as the role and responsibility of the audit committee in both identifying risks and assessing the effectiveness of management control measures. The Act also stresses the importance of adhering to and promoting ethical conduct, which is closely linked to anti-corruption and anti-fraud systems.
In the context of implementing management control within public finance sector entities, significant emphasis is placed on introducing risk management across the entire organization in relation to its goals. This element is a challenge for many organizations—there is a lack of detailed guidance regarding implementation, possible methodologies, and specialized literature on the subject, which certainly does not make it easier. On the other hand, the Minister of Finance, in communication no. 23 regarding management control standards, directly refers to the COSO II risk management model as the one that should be adopted by organizations for management control purposes.
What is the scope of activities in the comprehensive implementation of management control?
- Compliance analysis of implemented solutions in the context of the requirements of the Act,
- Development of the management control concept within the organization,
- Training for management personnel on the requirements of the Act and the adopted management control model,
- Training for employees on the requirements of the management control model,
- Workshops on risk analysis,
- Development of risk management plans and documentation for management control,
- Development and implementation of a self-assessment questionnaire,
- Preparation of a management control reporting form,
- Advanced training on the adopted management control solutions.
Can a single action from the implementation of management control be outsourced?
Of course, we will tailor the scope of the service to the needs of your organization. Do you want to conduct an audit, analysis, or training on a specific topic? Contact us!.
Meet erisk
erisk is a unique and innovative service available to every enterprise and public administration unit.
erisk is a service of Integrated Risk Management (ERM) It is the result of many years of experience in risk management combined with cutting-edge cloud technology. It supports management control in businesses and public administration units, enabling effective risk management.
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If you’re interested in learning more about services related to implementing and developing Management Control, we are happy to answer all your questions. We will suggest the best collaboration model for your needs and share our experience with project implementation. Feel free to reach out to us!