Process & Controls
Corporate governance, risk management and internal controls are terms that are on the minds of most CEOs, CFOs and CIOs. Regardless of the industry, size of organization or profit status of a business, the management team must understand, plan for and respond to higher expectations of its company’s control environment.
Recent court cases, federal and state actions (eDiscovery) and new compliance standards have changed the way companies design and monitor their internal control systems and manage risks. Central to compliance is identifying, testing and documenting internal controls related to the company’s information assets and financial reporting. Management can now be held legally responsible for the effectiveness and operation of the internal control systems.
The relationship between the financial statement auditor and the company also has changed dramatically. Most companies are using accounting firms other than their financial statement auditor to assist them with their evaluation and documentation of the internal control environment, including IT general controls and other non-audit services.
BlumShapiro’s Process and Controls Consulting Group has developed, evaluated and enhanced the internal control systems of many companies and organizations. You can benefit from the invaluable knowledge that our team has gained as a result of this first-hand experience.
Through our experiences of assisting many companies, we have developed a proven methodology and project approach that results in effective and efficient compliance based projects. This includes performing risk assessments, developing documentation and evaluating internal controls for Sarbanes-Oxley, GLB, HIPAA HITECH and Red Flag Rule compliance standards. We understand and work with your team to expedite the attestation of the effectiveness of a company’s internal controls.
Our process and controls consulting services include: