Methodology: Our Internal Control System Assessment service is designed based on the requirements of the COSO Internal Control Framework and prevailing legal regulations. We adhere to international standards and domestic guidelines to ensure that the internal control system of business meets the highest standards of efficiency, relevance, and risk management capabilities. This methodology enables us to provide a comprehensive and objective assessment of the current state of organization’s internal control system, thereby offering tailored recommendations for improvement.
Service Implementation Steps
Step 1: Internal control system assessment planning
- Define the objectives and scope of the service.
- Gather initial information from the client.
- Conduct a preliminary assessment of risks and current status.
- Develop a comprehensive plan, including timelines, resources, and implementation methods.
- Agree on the plan with the client.
Step 2: Plan execution
- Interview related parties and conduct field observations (if necessary).
- Carry out surveys and collect detailed data.
- Perform an in-depth evaluation based on relevant methodologies and standards.
- Discuss findings, issues, and preliminary solutions with the client.
Step 3: Reporting and Recommendation
- Draft a detailed report on the evaluation results and findings.
- Provide recommendations for improvements and an implementation roadmap.
- Present the report and discuss the results with the client.
- Support the client in implementing the solutions (if applicable).
Service deliverables
After the evaluation process, we provide a detailed Internal Control System Evaluation Report, including:
- Assessment of the maturity level of the internal control system: The report will determine the maturity level of the company's internal control system.
- Identification of weaknesses and areas for improvement: The report will highlight weaknesses in the current internal control system or areas that need improvement to meet the COSO framework or relevant legal requirements.
- Recommendations and improvement roadmap: Based on the evaluation results, we provide specific recommendations and develop an improvement roadmap for the company, aiming to enhance internal control capabilities, increase transparency, and improve operational efficiency.
Contact us
We provide services to enterprises across Vietnam. Should you want a meeting set-up, quotation, proposal or feedback