Internal Control

Financial regulatory authority commonly defines five major components of internal control:

  • Organisation
  • Distribution of information
  • Risk management
  • Control
  • Monitoring

For publicly listed groups and companies, the importance of internal control is demonstrated in the regulatory framework by the need for these companies and their chairmen to prepare a report on the internal control procedures related to the preparation and processing of accounting and financial information.

Within small and medium-sized companies, thanks to a less cumbersome legal framework and often a lack of dedicated manpower, the two main components of internal control are:

  • Procedures
  • Segregation of duties

These two components aim to avoiding errors and reducing the temptation of fraud.

Within the framework of our approach of internal control, we intervene on topics such as the analysis and diagnosis of existing processes and the implementation and optimisation of a segregation of duties. Our interventions will help identifying any potential weaknesses of one or several departments of the company.