Enhancing your risk and control framework

As a result of Sarbanes-Oxley and further regulations expected from Canadian-based bodies, it is clear that many organizations need help implementing new controls and processes to ensure compliance with public expectations and the law.

A company must assess its current risk and control environment — including financial reporting and disclosure controls — and determine what procedures must be in place to be in a position to certify their financial statements and control environment.

On a short-term basis, we can help:

• Identify disclosure requirements and document current processes for disclosure
• Provide a better understanding of your current financial reporting process and internal accounting controls
• Conduct high-level and detailed risk assessments to identify gaps in operating controls and procedures
• Develop an internal accountability and certification framework
• Implement a field-proven process (SmartClose) that helps reduce the time and resources required to close the books and prepare financial reports

On a long-term basis, we can advise you on:

• Long-term control structures
• Continuous monitoring and compliance programs
• Training required to manage the processes around internal controls and disclosure controls and procedures

Contact a professional in your area to discuss your unique business concerns.