Control Identification and Implementation

One of our teams just completed a Control Identification and Implementation project for a great client partner that is implementing a new ERP system. Our team analyzed business processes to understand process steps and identified controls in business and IT processes including manual controls and automated system controls. In cases where gaps in controls were identified, we worked with our client to design and implement new controls.  We documented the processes in process flow diagrams and documented the risks, controls and internal audit test procedures in the client’s Risk and Control Matrix. As a result of this project, we helped our client improve the design and operating effectiveness of their controls and provided internal and external stakeholders with a better understanding of the control environment.