» IA Co- Sourcing/ Out-Sourcing – Risk Remediation Improve- Advise on Design
Assist clients on the design of improvements to processes and controls to help achieve their desired future state. To help with the design effort, we leverage our knowledge, including analytical and benchmarking tools, leading practices, and industry specific knowledge such as process maps and risk and controls matrices. Improvements typically take the form of revised processes and control activities as well as the related organizational and information systems re-alignment.
Value Proposition
We help our clients by:
- Recommending improvements that positively impact the bottom-line while aligning operational performance with control and risk requirements.
- Recommending improvements to remediate issues identified through risk assessments, controls compliance and internal audit findings.
» Risk Remediation Assess to Diagnose & Define Customer & Market Segmentation
Assist clients on development of a portfolio of risk issues to be addressed through the design and deployment of improvements. The starting points to develop this improvement portfolio may include a risk assessment or a list of remediation issues needing improvement that have been identified through internal control activities (or through other advisory work, such as Finance Transformation, Transactions or other Risk Advisory projects). Finally, these issues are analyzed and prioritized to determine the high impact areas that the client will focus on.
» Risk Remediation Improve – Assist with Deployment
Assist clients to deploy the improvements to their programs, infrastructure, processes, and/or controls. We may work with the client to provide project oversight to help deploy these improvements. Upon completion, we provide the client with an evaluation of the project compared to its design objectives.
Value Proposition
We help our clients by:
- Recommending improvements that positively impact the bottom-line while aligning operational performance with control and risk requirements. Example benefit areas include cash flow enhancement, productivity improvements or waste reduction.
- Delivering improvements by working with the business as an advisor, facilitator of change and source of knowledge and experience.
» IA Co- Sourcing/ Out-Sourcing – Internal Controls Financial Reporting
Perform an assessment of a client’s financial reporting risks and controls. Help clients to identify and document financial reporting risks and controls and evaluate the design effectiveness of internal controls over financial reporting across the enterprise relative to regulations.
Value Proposition
By combining our knowledge of financial, strategic, operational, and compliance risks with our deep internal controls experience, we can help companies develop a financial risk-focused internal control program that will help enhance their process and control efficiency, leverage their investment in internal controls, and address their financial reporting compliance needs.
» IA Co- Sourcing/ Out-Sourcing – Internal Controls Assess/ Monitor
Perform an assessment of a client’s internal controls relative to strategic, compliance, operational and/or financial risks of their business environment.
Assessment oriented engagements are generally high-level reviews of the current state to confirm control design effectiveness or compare current state to leading practice (e.g, a gap analysis). Assist clients to evaluate the operating effectiveness of controls across strategic, operational, financial, and compliance areas, evaluate control deficiencies and formulate appropriate action plans.
Value Proposition
We help our clients by:
- Deeper understanding of key business risks across the enterprise
- Evaluation of entity-level controls and their impact on the control environment
- Evaluation of IT controls and their impact on the control environment
- Evaluation of fraud controls and their impact on the control environment
- Identification of ineffective controls and development of remediation strategies
- Identification of process improvement opportunities
» IA Co- Sourcing/ Out-Sourcing – IA Risk Assessment/ Improve
Perform an assessment of the client’s business risks. Help clients’ Internal Audit Department/ Senior Management to understand and prioritize their business risks, and develop an internal audit plan to address areas of focus identified by management.
Assist clients to design and implement improvements to address deficiencies/ gaps in processes and / or controls, that have been identified as a result of an internal audit - monitor project or an internal audit risk assessment.
Value Proposition
The internal audit service is enabled by internal audit methodology, technology, and knowledge focused on helping provide clients with broader coverage and increased contributions through an integrated approach.
» IA Co- Sourcing/ Out-Sourcing – Control Risk Services Monitor - AUP Standards/ Finding and Recommendations
Perform agreed-upon procedures related to attributes of a client’s contracts, related contract systems, processes, and controls, contract agreement structure and counterparty’s adherence to contract terms on behalf of client. We perform the procedures specified by our client, primarily through data extraction and analysis, systems review, and trend and industry analysis.
Provide advisory services in connection with a contract, a portfolio of contracts, or review of related processes, systems and controls and adherence to contract terms on behalf of the client. We co-develop procedures with the client and perform compliance verification procedures through data extraction and analysis, systems review, and trend and industry analysis.
Value Proposition
Our Servicess help our clients to achieve more sustainable efficiency and effectiveness of contract management practices, regarding:
- Key contractual issues and control mechanisms to address these issues
- Delivering timely, accurate, and more complete reporting
- Establishing a clear measurement system
- Improving contract management processes and systems
- Achieving better contract terms
- Enhancing supplier relationships
- Impacting revenue and cost