In today’s business ecosystem, IT and financial reporting environments are becoming increasingly complex, as even greater reliance is being placed on the information produced by these systems and processes. Improved data and information, standardised processes, common platforms and improved supply chains are just a few of the key drivers of this reliance. In addition, new regulations in other countries have laid a greater emphasis on internal controls and often require independent assurance of the effectiveness of internal controls.
Attention to the design, documentation and operation of controls is critical to ensure the accuracy and timeliness of information used for financial reporting and management decision-making. Good business controls in and around your systems and processes are critical to ensure that your organisation gets value from your investments with sustainable, effective and reliable controls.