Business controls advisory
Good business controls in and around your systems and processes are critical to ensure that you get value from your investments. Attention to the design, documentation and operation of controls allows you to get accurate and timely information for financial reporting and management decision-making.
Our aim is to help clients enhance value by mitigating risks to an acceptable level, and also ensuring that the control framework that is deployed is cost effective and efficient in terms of operational results.
Controls review and advisory
Strengthen your internal controls to deliver operational results
- Design and review existing standard operating procedures to reflect the current operating environment
- Benchmark processes and/or systems against leading industry control templates
- Optimise existing internal controls to address the most critical business risks
- Develop arisk-based, internal control framework
- Upskill your team on controls documentation in accordance with COSO (Committee of Sponsoring Organisations of the Treadway Commission) method
Design and review - Schedule of authority
Expedite your decision making process
- Understand your appetite for risk in your business dealings
- Assess the maturity of your current internal controls, as well as the nature and volume of transactions
- Expedite your business decision making process with a business friendly schedule of authority (SoA)
Sarbanes-Oxley compliance solutions
Deliver internal controls advisory services in accordance with Section 404 of the US Sarbanes-Oxley Act (SOX), Japanese Financial Instruments and Exchange Act (J-SOX), Korea Sarbanes Oxley Act (K-SOX), China's Basic Standard for Enterprise Internal Control (C-SOX) and other laws and regulations through:
- Delivering customised, interactive training programs and workshops focused on the familiarisation of employees with SOX, J-SOX, K-SOX, C-SOX requirements
- Delivering Risk Assessment /Scoping exercises
- Assessing the degree of readiness and the level of maturity of company controls in meeting SOX, J-SOX, K-SOX, C-SOX requirements
- Documenting key business processes (through narratives / flowcharts / risk matrices), identifying key controls, performing walkthroughs and assessing the design effectiveness of controls, based on PCAOB standards and the COSO framework
- Testing the operating effectiveness of company controls
- Evaluating identified deficiencies and providing recommendations for improvement
Contact us
Pho Duc Giang, CISSP, CISA
Partner, Digital Trust and Cybersecurity Services, PwC Vietnam Cybersecurity Services Company
Tel: +84 28 3823 0796
Get in touch
Pho Duc Giang, CISSP, CISA
Partner, Digital Trust and Cybersecurity Services, PwC Vietnam Cybersecurity Services Company
Tel: +84 28 3823 0796