We review the internal control system to assess its effectiveness. The purpose of internal control is to ensure that the organisation’s activities comply with policies and regulations, to safeguard assets, to prevent fraud and error and to ensure the accuracy and reliability of financial and operational information. We analyse information flows, operational processes, information systems, supervision and monitoring mechanisms, as well as responsibilities and authorisations within the organisation. Our aim is to identify the strengths and weaknesses of the existing internal control system.
Assessment of administrative procedures
We examine the organisation’s administrative procedures, such as the processes for managing human resources, purchasing, sales, invoicing, treasury, etc. Our aim is to check that these procedures are adequate, well documented, effective and in line with best practice. We can also assess the effectiveness of the information systems used to support administrative operations and recommend improvements where necessary.
Diagnosis and recommendations
Once the assessment has been carried out, we draw up an objective and professional diagnosis, identifying the strengths and weaknesses of the internal control system and administrative procedures. On this basis, we make recommendations for improving the entity’s administrative organisation and internal control.
The objective of our assignment is to provide support to the entity to strengthen its internal control system, improve its administrative processes, minimise risks and promote compliance with applicable standards and regulations.
It is also important to note that our assignments can be adapted to meet the specific needs and objectives of each client organization. Our work is carried out independently and professionally, with the aim of providing an objective diagnosis and relevant recommendations.
Any entity wishing to have its internal control system and administrative procedures reviewed with a view to establishing an objective and professional assessment.
Based on a transversal understanding of the organization and its internal flows, our tests aim not only to evaluate the procedures implemented, but also to identify recommendations for improving the system’s effectiveness and efficiency.
Our company is fully committed to complying with the strict requirements governing the profession of registered auditors in Belgium, particularly with regard to ethical principles, permanent training, auditing standards, quality standards, etc.