Internal Controls

Internal control is the set of procedures that monitors and directs the company’s operational and financial performance, which helps preventing and detecting potential risks, misstatements, or fraud in addition to supporting the board of directors to make the most effective and applicable decisions.

Mazars solutions:

  • Internal control Framework effectiveness testing to assess the operational and the financial risks and Internal Control Assessment report stating the outcome findings and recommended actions.
  • Designing the control activities (Preventive/detective) jointly with the business owners includes the definition of the control documentation (Evidences, Checklists, and standard outcome reports).
  • Conducting internal control workshop training to the assigned employees to conduct the control activities to ensure completeness of the control design and effectiveness of the control implementation.
  • The Design of control testing procedures includes self-assessments and monitoring procedures.