What do we offer?
Internal control is a tool that ensures your organization operates efficiently. The goal of internal control is to ensure compliance with legal regulations and internal procedures, effectiveness, reliability of reporting, and resource protection. It provides procedures that help streamline processes and remove potential obstacles within the organization. Effective internal control guarantees the proper functioning of the organization, regardless of its size and location, by standardizing management processes.
We offer an analysis of existing solutions in your organization and the design of an internal control system. We will develop a control plan and risk management methodology for you. We will assess the current state of management and propose changes that will help your organization leverage its potential and capabilities, leading to increased effectiveness. This, in turn, will allow you to focus on your primary objectives, knowing that all actions within the organization during a given period are lawful, cost-effective, and timely.
Leverage our experience and elevate your internal control standards.
How do we work?
1. Analysis of solutions and specification of needs
We will examine the needs and expectations in the context of building the system. We will conduct an analysis of the existing solutions in the organization regarding risk management and control. We will assess the tools, procedures, and methods currently in use, which will form the basis for developing the internal control system concept.
2. Development of regulations
We will prepare an internal control regulation for use in organizational units. It will include the structure of authority and responsibility, as well as planning and reporting on the achievement of goals outlined in the unit’s activity plan.
3. Preparation of self-assessment procedures
Self-assessment of internal control is essential for continuously improving the internal control system. We will develop procedures that will provide reliable results and valuable insights, which you can use to enhance the functioning of your organization.
4. Development of risk management procedures and methodology
We will design risk management models and procedures, taking into account system documentation. We will construct risk management principles in accordance with applicable legal regulations and the organization’s specifications.
Let's talk about your project! Please fill out the form
What else do we offer?
We can help you implement a full internal control system or its individual components in your organization. Check out our offer for other services related to internal control systems.
Why us?
Knowledge and experience
Individual approach
Favorable conditions
A business-oriented approach
They trusted us
Key Questions About Developing an internal control concept
What is the development of an internal control concept?
The development, preceded by an audit, results in:
- A concept for the internal control system
- Drafts of system documentation, including the Internal Control Regulations, Risk Management Procedure, and Internal Control Self-Assessment Procedure.
How much does the development of an internal control concept cost?
The cost of developing an internal control concept depends on various factors such as the size of the organization, the specifics of its operations, the market environment, regulations, and the complexity of the processes involved. The number of locations and the expected project timeline also play a role in determining the cost structure and final price. Each development is priced individually based on the scope of needs and the preferred schedule.
How long does it take to develop an internal control concept?
The comprehensive implementation of internal control takes approximately 5 weeks, but the exact duration depends on the size of the organization and the specifics of the project. We adjust the schedule to meet the individual expectations of your organization.