We apply the COSO Framework and adopt the risk-based/benchmark approach to perform our internal control review. The followings are the procedures:
We will study the current policies, procedures and practices of the internal control with the support of the documentations and corroborative enquiries.
We will evaluate the adequacy and effectiveness of the internal control procedures so as to identify internal control deficiency.
Our team will make cost effective and feasible recommendations to strengthen the efficiency and effectiveness of the internal control system so as to meet the corporate objectives.
We will assist clients to implement the recommendations with a view to ensuring the recommendations are implemented effectively.
We will evaluate the effectiveness of the implementation of the recommendations via conducting compliance tests and enquires.
Employees responsible for the execution or enforcement of the new system are also encouraged to provide feedback and opinion to us for improvment.