Public policy issues are being raised by legislators, institutional investors, regulators, and enforcement agencies concerning the internal control and risk management obligations of corporations and their directors and officers. There is a clear and pressing need to establish and sustain effective risk management, control, and compliance programs. New kinds and sources of risk are not only adding to the management challenge, but forcing a rethinking of the very concept of control. We believe that effective control, rather than being a drag on the bottom line, can and should make positive contributions to an organization's sustained success. Strengthening control structures to deal with increasing risk requires a framework of internal control.
Many clients find their existing control frameworks are no longer effective.
They have not kept pace with restructuring, mergers and acquisitions, reengineering, enterprise-wide application solutions, global expansion, and new technologies. We help transform control frameworks, rethinking the entire process from development of a control strategy through implementation of monitoring and performance measurement processes. We focus on providing organizations with control frameworks, techniques and technology, and the necessary awareness to achieve control objectives and lay the groundwork for sustainable self-assessment. Risk and control awareness materials. Risk profiles of the control culture and exposure, including the likelihood and impact of key business risks.