Is your company planning to create an internal audit department? Or perhaps you would like to outsource internal audit? Is your internal audit department able to fulfil all the goals and tasks (in terms of effectiveness, applied tools and work techniques, lack of staff)? Or maybe you would like to make a one-off evaluation of the internal control system and compare it to best practices?
How can PwC help your company?
Our team offers:
Support in creating and developing internal audit functions in the following areas: Company’s regulations, human resources, work methodology, tools applied, planning and processing, risk identification and assessment and others;
Transforming the function of internal control into a modern internal audit function;
Trainings in developing and improving the skills of internal auditors;
Conducting joint projects (audits) with internal audit department employees (co-sourcing);
Performing internal audit assignments with PwC resources – outsourcing;
Overviews of chosen processes, internal procedures, internal controls in the aspect of internal regulations/procedures compliance, accordance with good practices and minimising risks for the Company.
Internal audit – models of functioning:
Individual
Co-sourcing
Outsourcing
Skills and knowledge fully used within the organisation in order to create an effective and functional internal audit.
We do not use services of external specialists in internal audit.
Conducting internal audits together with external specialists (knowledge, skills, best practices).
Full outsourcing of internal audit services. Internal audit commissioned to an external company.
The management does not perceive an internal audit department as a core business need.
CONSULTING REGARDING THE SOX SERVICE
Are you planning to issue securities on the New York Stock Exchange and therefore you need to meet the requirements of the Sarbanes-Oxley Act? Or has your company been bought out by a joint venture quoted on the New York Stock Exchange and you are legally bound to formalize/improve your internal control system? Would you like to evaluate your internal control system and compare it to existing good practices?
How can PwC help your company?
Our team offers:
Trainings in the Sarbanes-Oxley Act,
Planning the process and managing the implementation of SOX in your company,
Support in preparing documentation that meets the SOX requirements, evaluating control effectiveness and identifying the weaknesses in the internal control system,
Preparing reparation plans regarding the identified weaknesses and supporting their implementation,
General control environment evaluation, including higher rank control,
Developing a process of maintaining the Sarbanes-Oxley requirements and incorporating them into the integrated system of compliance.
OPTIMISING THE INTERNAL CONTROL SYSTEM
Has your company undergone numerous organisational changes and you wish to adjust the internal control system to the new organisational structure? Or perhaps you would like to implement a new system and you wish to ensure that the scheduled controls are appropriate? Or maybe the existing internal control system is ineffective and does not prevent and detect crucial errors quickly enough or create significant risks for the company?
How can PwC help your company?
Our team offers:
Developing and implementing internal control model adjusted to your needs and consistent with good practices,
Overview of the planned solutions in terms of automatic controls,
Integrating and harmonising business processes and reporting channels,
Optimising the existing control solutions in order to improve transparency in the areas of responsibility and division of duties,
Training employees in order to improve their awareness of risks and control.
Our approach:
Clients' needs evaluation,
Evaluating the condition of existing controls,
Risk assessment,
Linking risks to control,
Streamlining control,
Implementing new control solutions,
Designing and implementing an appropriate operational structure for the internal control system.
RISK MANAGEMENT
Does your company lack risk management tools/system/model or the existing model does not live up to your expectations? Or perhaps you wish to identify and assess existing risks and threats related to your company’s activity? Or maybe you would like to reduce threats related to running a business or implement a business continuity plan for crisis situations?
How can PwC help your company?
Our team offers:
Diagnosis/overview of the risk management model, comparing it to good practices,
Designing and implementing the organisation risk management model that would include internal regulations, indicators, monitoring and reporting system,
Conducting an identification process and assessing risk in the organisation,
Preparing a business continuity plan for crisis situations and crises management workshops for the managing staff.
CORPORATE GOVERNANCE
Do you plan to issue securities on the Warsaw Stock Exchange (GPW) and your company is obliged to implement the necessary corporate governance rules, abiding to good practices of the companies quoted on the GPW? Or perhaps you plan to implement or evaluate the implemented solutions of corporate governance and compare them to best practices or improve the supervisory bodies efficiency?
How can PwC help your company?
Our team offers:
Developing and implementing Good Governance and Management Model,
Evaluation of the implemented corporate governance solutions and comparing them to good practices - benchmarking,
Developing and implementing mechanisms of supporting corporate governance culture in the company,
Supporting the functioning of the supervisory bodies, creating effective communication channels with the Management Board,
Developing transparent remuneration programmes for the managing staff.
