Internal controls should be designed appropriately to your needs and requirements without adding unnecessary burden and cost to the operation of your business. Internal Controls Optimization (ICO) can support better finance functions and business operations, help to manage complexity and achieve effective governance, regulation and compliance. ICO is a process of continuous improvement. It is built around a proven risk based approach to internal control. There is no ‘one size fits all’ solution. We help our clients to optimise internal controls through:

• Perform risk assessment and analyse the current internal control environment at the corporate, business process, and IT systems level;
• Identify opportunities to improve existing business processes, systems and controls which will reduce cost, improve risk management and drive real business benefit;
• Implement optimised internal controls and monitor if controls are designed adequately;
• Periodically testing the operation of internal controls to ensure that they are operating as intended over time.

Contact us for further discussion that how we can help you on optimisation of your internal control system.