ICR
Internal Control Review
Assessment of control design and operating effectiveness across selected processes.
The service
What it is
An internal control review looks at whether the controls in selected processes are well designed and work in practice, and recommends improvements to strengthen accountability and reduce exposure. It suits situations where management wants a control-focused assessment, for example before or after a system change, a reorganization, or a change of ownership.
Business problems
When this helps
- A new system, structure or owner has changed how processes run
- Management is unsure whether key controls are actually performed
- A parent company or funder requires an independent control assessment
Activities
Selected according to your needs
- Process walkthroughs and control identification
- Assessment of control design
- Testing of operating effectiveness
- Segregation of duties and access review
- Recommendations and action planning with process owners
Possible outputs
Depending on the agreed scope
- Control assessment report
- Observations rated by significance
- Recommendations and agreed action plan
Who it suits
Typical situations
- Indonesian subsidiaries of regional or global groups
- Programs and organizations reporting to funders
- Companies after a system implementation or restructuring
Team experience
Our team has performed internal control reviews for the Indonesian subsidiaries of a global life sciences group and for a major United Nations program in Indonesia.
Discuss a control review
Tell us about your organization and what you want to achieve. We will propose a scope and approach.