Forensics

Forensic Investigations: Internal Controls & Risk Assessments

Internal controls play a critical role in public and private companies because they establish safeguards to an organization’s assets and minimize the opportunities to commit fraud and allow errors to go undetected. The ability to identify, assess, and test the effectiveness of critical internal controls is an integral part of assessing the overall compliance program. Internal controls are foundational to reliable financial reporting, and deficient controls can lay the groundwork or create the opportunity for future misstatement or misconduct.

  • Regulatory investigations
  • Independent monitorships
  • Process improvement and remediation
  • Information governance
  • Periodic testing of controls through transaction testing
  • Design of automated red flag routines

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