Internal control system (COSO)

One of the main challenges in managing internal controls is developing efficient and tangible mechanisms that aid in achieving the organization’s goals and ensuring regulatory compliance, building the confidence of investors, shareholders, regulators, and employees, as well as creating value and a competitive advantage. 

Although every company has Internal Control, some require a formal model of internal control. The makeup of these companies may entail an important financial and human effort for the entity in order to put in place the structure, infrastructure, specialized personnel, methodologies, and even to design and implement the internal controls, which could result in significant non-recoverable costs if not carried out by experienced personnel.

In order to face the aforementioned challenges, Mazars offers the following services:

• Diagnosis of system maturity
• Implementation and/or strengthening of the system
• Evaluation of internal control performance
• Control environment surveys
• Design and implementation of nonexistent or deficient internal controls
• Response to findings reported by the authorities and/or external auditors
• Development of policies and standards including those relevant to ethics and conflicts of interest.
• Implementation of the Internal Control Model using technological tools.  

We want to help you develop an Internal Control system based on internationally recognized best practices (principally in the COSO model) that will allow you to implement or improve management of the company.

We offer an integral service with everything from the implementation of a technological system to the development of specialized consulting services in the Internal Control System, helping to efficiently strengthen your business objectives. 

Are you interested in our Internal Control System services? Contact our team.