Preparation of Internal Financial Control Framework and associated Risk Control Matrix
Services provided include:
- Understanding the significant business processes of the organization vide in-depth meetings with the client’s management
- Understanding the significant account balances/disclosures and flow of related transactions
- Identifying risks and associated controls in the significant business processes, appropriately classifying them and documenting the same
- Reviewing existing documentation available with the client and suggesting improvements/updations of the same
- Mapping the Entity Level, Process Level and IT General Controls (ITGC) to the identified risks in the organization and preparation of the Risk Control Matrix
- Testing Design, Implementation and Operating effectiveness of Controls
- Document the findings and discuss the same with client management with suggestions for improving the same
