Internal control

Improve your response to risks with effective systems and controls.

Anticipating and responding to business, operational, financial and compliance risks is critical for success. Failure to do so can not only result in financial loss, but also non-compliance with regulations and a risk of reputational damage. Our integrated team of specialists can help you design and implement an internal control system so you can focus on your business objectives.

Our approach

To ensure good internal controls, you need to have robust systems and processes in place. Without them, your company not only runs the risk of being exposed to multiple risks, but also non-compliance with regulations. For financial companies in particular, internal controls form a critical role in regulatory and legal compliance. Failure to have the correct controls in place can expose a company to various risks, including financial loss and fraud, and even threaten its business objectives.

The team at Mazars offers broad expertise across sectors and disciplines, and can help you to design, implement and monitor the systems of internal control in your organisation. We have the resources and expertise necessary to help you meet your control objectives, offered through outsourcing, co-sourcing and secondment arrangements.

Our specialists work as an integrated team and take the time to understand your business and your strategy. With their international perspective and deep experience, they can help you to:

• Create, enhance, and protect stakeholder value;
• Setup and assess the internal control framework (including mapping of risk and mitigating controls);
• Transform your organisation so that it is risk-focused;
• Increase your credibility with regulators, customers and financers;
• Provide more timely and accurate management information for key decision makers;
• Enable a more efficient and value-added assurance framework.

In today's dynamic landscape, effective systems and controls are paramount for mitigating risks and ensuring compliance. Here's our approach:

Understanding internal controls:

Robust internal controls are essential for safeguarding against financial loss, fraud, and regulatory non-compliance. They form the backbone of organizational resilience and integrity.

Compliance and risk management:

Compliance with regulatory frameworks such as the Sarbanes-Oxley Act (SOX) controls is crucial for maintaining financial transparency and investor confidence. Our specialists assess and monitor internal controls to ensure SOX compliance and mitigate risks.

Key control activities:

We focus on preventive, detective, and corrective controls, including segregation of duties (SoD), to minimize errors, fraud, and operational risks. Our approach includes monitoring transactions and overseeing delegates to enhance oversight and accountability.

Advisory and governance:

Our integrated team collaborates closely with your organization to design, implement, and assess internal control frameworks. We provide advisory services to enhance stakeholder value, credibility with regulators, and decision-making processes.

Tailored solutions:

We understand the unique needs of your business and offer flexible solutions, including outsourcing, co-sourcing, and secondment arrangements, to meet your control objectives effectively.

Our commitment is to empower your organization with agile and responsive systems and controls, enabling you to navigate risks and achieve sustainable growth.