Financial control and internal audit

Risk management is a continuous process of identifying, assessing and monitoring the different types of risks that can have an impact on the achievement of the organization's strategic and operational goals, and therefore risk management must be an integral part of the overall management of any organization.

Successful risk management enables management to make timely and informed decisions to achieve the organization's goals.

The control and compliance of the business activities with the requirements of the applicable legislation and the internal rules, policies and procedures guarantees compliance with the principles of legality, good financial management and transparency in the realization of the set goals.

Every organization is different and has its own corporate culture, work environment and management style. For this reason, there is no one-size-fits-all and correct way to develop and implement the risk management and compliance process.

Considering these specifics, our team can assist you in identifying, analyzing and managing the risks that may affect the achievement of the set goals by providing the following services:

Internal control

• Review of internal control systems and suggestions for improvement
• Review/draft internal policies and procedures
• Preparation of a list of sample internal controls on business processes (best practices)
• Trainings on topics in the field of internal control

Internal audit

• Internal audit (out-sourcing, co-sourcing)
• Creation of an Internal Audit function
• External evaluation of the quality of the internal audit activity
• Review the effectiveness of internal controls
• Trainings on topics agreed with the client in the field of internal audit

Achieving compliance

• Review to achieve compliance of the organization's activities with internal/group policies and/or regulatory requirements
• Compliance checks for specific contracts (discounts, donations, etc.)
• Review of documentation for conducted tenders for compliance with the requirements of internal procedures and/or the Law on Public Procurement