|Issues you are facing||Our solutions|
Governance and compliance
Costs and complexity
Reliability of information
For companies with preidentified business process and control issues, we are also able to evaluate the root cause(s). For companies currently planning an IPO, we can provide a diagnostic of the current corporate governance and business process control environment currently established. Such a diagnostic, would provide an overview of the company’s business processes and control environment, identifying gaps, and recommendations for improvement.
Our diagnostic procedures includes the evaluation of the following factors:
Diagnostics results are summarized in a report that includes business process and control gaps, and recommendations for improvement.
In case of need diagnostic may include business processes and controls benchmarking:
For companies that has already identified gaps and areas for improvement of business process and controls, we propose a full cycle of internal control optimization procedures as follows:
For companies implementing SoX, J-SoX and Euro-SoX, we propose the following procedures:
For companies that are implementing internal control optimization using their own resources, we can perform targeted consulting procedures as follows:
In addition, PwC provides regular training in risks and controls.
Internal Controls Optimization is a continuous process of improvement, reflecting a company’s objectives and risks, and the risk appetite of management by establishing effective and efficient internal controls at the right cost for the organization.
PwC Risk Assurance Solutions can assist clients in building effective business processes and controls.