Internal Controls | KPMG | RU

Internal Control

Internal Control

Internal control system implementation is one of the strategic priorities for companies operating in various industries.

Internal control system implementation is one of the strategic priorities for companies

Today internal control system implementation is one of the strategic priorities for companies operating in various industries. The leadership recognize the internal control system as a reliable management tool with ever-increasing frequency.

An effective system of internal controls provides necessary assurance in the company’s ability to respond promptly to the adverse external disturbances and involve internal resources to achieve the objectives set for each business process. In the situation of economic turbulence, modern companies should not consider internal controls as a secondary structure where additional labor and time resources are required. The internal controls should be embedded in the employees' daily routine and carried out at each stage of the business process.

We believe that the high-quality analysis of existing processes and global practices, the effective integration of regulatory requirements and business realities coupled with the internal controls standardization will deliver the desired and visible results, raising the company’s risk management systems to a higher level. What is more, all this will help the leadership establish an effective and reliable tool supporting business governance and control through analysis and regular monitoring of the current situation in the company.

Our services include:

  • Internal controls assessment and implementation (including corporate controls);
  • Review of the company’s internal control systems when preparing for an IPO. Compliance with the stock exchange requirements (SOX-compliance) relating to internal controls and risk management;
  • Cost-cutting projects providing internal controls optimization;
  • Independent external audit of internal control systems for their compliance with the stock exchange requirements;
  • Training of the company’s staff aimed at imparting necessary professional knowledge and technical skills.

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