Internal control

The swift evolution of the business environment and risk landscape, coupled with rising business complexity and stricter regulatory demands, has highlighted the critical importance of effective internal control. As the primary mechanism for mitigating risks, enhancing regulatory compliance, fostering continuous process improvement, boosting process efficiency, and ensuring the reliability and accuracy of financial reporting, internal control plays a vital role in achieving a range of organisational objectives. At PwC, our mission is to assist our clients in developing, implementing, and operating fit-for-purpose IC frameworks that address their unique needs and organisational drivers.

How we can help:

Internal control framework evaluation, design, and implementation: Comprehensive assessment and establishment of internal control frameworks including policies and monitoring models.
Internal control monitoring and reporting: Development and execution of internal control monitoring procedures, including reporting results to management, and supporting board or audit committee reporting.
Internal control efficiency and automation: Identification and implementation of control efficiency improvements and automation of control procedures through technical settings, configurations, and custom solutions.
GRC/IC tool assessment and implementation: Evaluation, selection, and implementation of Governance, Risk, and Compliance (GRC) and internal control tools, including continuous controls monitoring (CCM).
Cross-functional integration and coverage development: Enhancement of internal control integration and alignment across different organisational functions and newly acquired businesses.
Training and communication: Creation and implementation of internal control training plans and communication strategies to ensure organisational awareness and alignment.