Internal Control and Compliance
Standard Operating Procedures (SOP) Implementation
A good SOP project will also accomplish the following objectives:
– Create an effective, efficient and fully integrated operational and control environment within the company and enhance local staff awareness of risk management concepts
– A formal standard operating procedures (SOP) for identified key functions which contain key financial controls to promote efficiency of operations, accuracy of financial reporting and compliance of Company policies
– A detailed SOP implementation plan that will facilitate company management’s efforts to launch, manage, complete, and follow-up on the results of the project
Our services include
- - Diagnostic review of existing procedures with gap analysis and provide improvement recommendation
- - Development of SOP
- - Roll-out and subsequent follow-up/review and testing
Internal Controls Review
SP assists in evaluating internal control systems, systematically monitoring operational processes to ensure quality financial reporting and compliance.
We also provide insights on your organization’s control processes and performance improvement opportunities.
Our services include
- - Implementation, documentation, evaluation, improvement and maintenance of internal control systems
- - Examining a wide range of internal control issues, including controls over financial reporting, business and compliance risks
Internal Auditing
Our internal audit offers all the above, on top of customizable support as both an outsourced and a co-sourced service model.
We provide your organization with comprehensive guidance throughout the whole audit process while undertaking internal audit responsibilities, such as analyzing risks and multi-year planning.
Our services include
- - Internal audit outsourcing and co-sourcing services
- - Setting up of internal audit function
- - Undertaking internal audit risk assessments
Sarbanes Oxley S404 Advisory/Implementation
Our Sarbanes Oxley S404 readiness service helps your organization solve its internal control issues while ensuring S404 compliance. Our team of experienced personnel, reliably equipped with an accounting background with audit experience, are committed to providing professional advice when needed.
Our work systematically undergoes examination and approval by external auditors, thus guaranteeing adherence with international standards of excellence.
Our services include
- - Evaluating your current processes, systems and operations to determine the gap
- - Conducting S404 process and control design and operating effectiveness testing
- - Developing action plans to optimize controls through standardization, centralization and automation
- - Working with you to advise on the design and implementation of policies and procedures
- - Performing post-implementation system review, annual managerial testing and more
FCPA and ABAC Review/Investigation Support
Our services include
- - Bribery/corruption risk gap analysis
- - Investigation support
- - Support of Internal Audit/ABAC due diligence
Expense Compliance Review
To provide increased comfort on the legitimacy and validity of expenditures as well as fraud prevention and detection.
We can help in the following areas
- - Expense compliance review
- - Secondment of specialized person
Inventory and Sales Data Compliance Review
Our services include
- - Regular check on the distributors’ inventory system and on-site physical count
- - Sales data comparison and analysis
- - Sales data supporting documents review