INTERNAL CONTROL
Companies perform their operations based on business processes. Processes such as sales, collection, procurement, payment, financial reporting and fund management are important processes for companies that are subject to numerous risks. Ability to control and manage these risks is gained through internal control practices. Control systems integrated into processes are aimed at preventing the risks before occurrence and/ or impacts thereof grow.
Internal control systems serve towards proper functioning of processes in accordance with company rules. Internal control services provided by RoyalCert consist of the following processes:
- Process Analysis
- Identification of risks
- Creation of internal control points
- Implementation
- Monitoring and Reporting
