In an environment that recognizes and rewards accuracy and transparency of financial statements, regulatory compliance and strong internal framework as a basis for the company's financial growth, business leaders are more determined than ever to improve existing internal controls and risk management systems to the fullest extent possible, as well as to get the most out of the internal audit function. The need for a comprehensive approach for the companies to improve their existing practices is driven by economic environment, where it is crucial not only to consider external growth factors, but also to use the full potential of existing internal capabilities, creating new resources and activating the latent ones. KPMG’s IARCS practice helps our clients to focus their attention and efforts on a detailed analysis of risks inherent in existing business processes and their mitigation techniques. After all, the effectiveness of each business process and interaction between such processes have a direct impact on the business objectives and its further growth.
Since an adequate control system is a must in meeting the set objectives and risk management goals, KPMG will provide your business with solutions built on proven methodology and tools to ensure development and implementation of efficient and leveraged controls. This toolkit leads to better efficiency and effectiveness of key business processes and adds value to measures and recommendations of the Internal Audit Service. The effect of such measures is further improvement in the financial position of your company along with clear and transparent inter-functional relations.
KPMG professionals from Internal Audit, Risk & Compliance Services (IARCS) offer a wide range of services that are designed to implement, assess and improve key business processes and systems of internal controls taking into account global best practices, as well as to foster better communication between the company’s key functions.