Accounting Systems Services and Financial Systems Development

Internal Control Systems & Assurance Services

Designing and evaluating internal control systems to ensure operational effectiveness, financial reporting reliability, and regulatory compliance.

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Internal Control Systems & Assurance Services

Service Overview

Internal Control Systems & Assurance Services

We develop and implement robust internal control systems covering operational, financial, and technical risks to ensure the protection of company assets, the accuracy of financial data, and the efficiency of business processes.

We also provide independent assurance services, including internal audits, compliance reviews, and IT process audits, to ensure regulatory compliance and enhance data reliability.

Our service aims to prevent fraud and errors, improve operational efficiency, and build trust among shareholders, investors, and regulatory authorities, supporting sustainable organizational performance.

Required Documents

Organizational structure, policies, and approved procedures
Financial statements and management reports
Operational manuals and Standard Operating Procedures (SOPs)
Financial and administrative transaction records
Previous audit or review reports (if available)
Risk register and existing control activities

What's Included

Designing and assessing internal control systems aligned with the organization’s nature and scale
Identifying and assessing operational and financial risks and mapping them to appropriate controls
Reviewing the efficiency of financial and administrative procedures and enhancing control effectiveness
Performing internal audit and assurance engagements in accordance with professional standards
Verifying the accuracy and reliability of financial data, statements, and reports
Preparing independent professional reports with findings and recommendations to support decision-making

Service Execution Steps

1
Understanding the Business Environment and Defining Scope

Analyzing business activities, operations, and key risks

2
Assessment of Current State and Existing Controls

Reviewing procedures and controls to identify strengths and gaps

3
Risk Analysis and Control Mapping

Assessing risks and evaluating the adequacy of existing controls

4
Designing or Enhancing Controls and Remediation Plans

Proposing practical and implementable controls

5
Performing Testing and Assurance Procedures

Testing the effectiveness of controls and the accuracy of information

6
Preparing Professional Reports and Discussing Findings

Presenting findings and recommendations to management

Service Benefits

Safeguarding organizational assets and reducing fraud and error risks
Enhancing the efficiency of financial and administrative operations
Increasing transparency and credibility
Supporting compliance with local and international regulations and standards
Improving the quality of financial reporting and information
Providing independent assessments that strengthen management and stakeholder confidence