Improve Controls for Improved Performance and Governance

Controls Advisory

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Improve Controls for Improved Performance and Governance


Our Controls Advisory solution is designed to assist organisations in establishing and maturing a robust internal control framework to support their business and compliance objectives. The offering encompasses the entire control environment including business process controls, IT application controls (ITAC), IT general controls (ITGC) and entity level controls (ELCs). Embracing technology, our Controls Advisory solutions are designed to flex to a range of scenarios depending emerging risks and regulatory requirements.

Why Now?

In the wake of continuous newsworthy corporate failures, accounting scandals and a regulatory landscape requiring Boards to ensure that financial and non- financial risks are being effectively managed the importance of having an effective control environment has never been more important.

If you would like to discuss how we can assist you, please contact:

Sukhdev Bal

Trevor Hillier

Surya Mantha

Oleksandr Vertyporokh

In the UK, the Government is due to publish a white paper following the recent Brydon Report that envisages the introduction of a US Sarbanes-Oxley (SOX) like regulation in the UK to establish a framework for Internal controls over financial reporting (ICFR) for public listed companies and, most likely, public interest entities. In addition, it is envisaged that there will be a requirement to publish an Audit and Assurance policy, to be approved by shareholders, that details how all risks – financial and non-financial - are being managed. For both the ICFR and Audit and Assurance policy the board will need to obtain assurance that the controls are designed and operating effectively to manage these risks.


At Protiviti, we believe that an effective, well designed and scaleable control framework will help organisations to improve process performance, increase management reliability over reporting (internal and external) and be compliant with regulatory requirements. It will help to manage their risks to an appropriate level, provide greater certainty over financial and operational outcomes, and reduce the overall cost associated with control.

Key Questions to Consider:

  • Is your company currently listed or plan to do so?
  • Are you prepared for the potential requirements of Brydon?
  • Do you have a formal risk management framework?
  • Have you implemented a system of internal controls?
  • Does the current internal controls framework address key business, technology, compliance, and financial reporting risks?
  • Do you have a process in place to routinely evaluate the effectiveness of your internal controls?
  • Do you know what sources of assurance there are in your business over the risks you are facing?
  • Were there any past instances of ‘fraud’, financial statement errors or restatements or other significant audit issues identified?
  • Are there any major change programmes (planned or ongoing) which have a long-term impact on the business? Do these programmes consider internal controls in the target future state?

How we can help?

Our solutions are tailored to provide value to our clients. We assist organisations across a full spectrum of internal controls programmes from “year one” builds, ongoing controls monitoring and testing, transforming or enhancing existing control programmes, and lifting and shifting the entire controls monitoring and testing to our controls excellence centres to minimise the ‘cost of assurance’. We also assist clients in optimising and automating their control programmes with the use of analytics and robotic process automation.

Our solutions are designed to suit a wide range of client scenarios depending on their size, geographical spread, risk and control maturity and regulatory requirements.