Internal Control Implementation
An Internal Control Implementation Consultant can help your organization in a number of ways, such as:
- Assessing the organization’s current internal control environment and identifying areas for improvement.
- Developing and implementing internal control policies and procedures to ensure compliance with laws, regulations, and industry standards.
- Designing and implementing systems and procedures for monitoring compliance with internal control policies and procedures.
- Conducting risk assessments and recommending measures to mitigate identified risks.
- Assisting in the development of a control framework such as COSO or COBIT
- Reviewing and testing financial and operational controls, including financial reporting and accounting, inventory, payroll, and purchasing controls.
- Providing training and education to employees on internal control best practices and procedures.
- Communicating with management and stakeholders to provide updates on internal control status and report on potential issues.
- Assisting in the implementation of remediation plans to address any issues identified during the internal control assessment.
