Internal Control Audit
We identify risks, evaluate controls, and analyze processes to strengthen management, prevent contingencies, and improve your company's efficiency.
Internal control evaluation
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Surveying and documenting existing processes and controls.
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Identification of risks associated with operations.
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Evaluation of the design and operation of internal controls.
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Review of preventive and detective controls.
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Evaluation of segregation of duties and authorization levels.
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Identification of control weaknesses and recommendations for improvement.
Process audit
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Evaluation of financial, administrative, and operational processes.
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Review of compliance with internal policies and procedures.
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Analysis of critical activities and risk points.
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Identification of inefficiencies, duplications, and operational gaps.
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Evaluation of the effectiveness of established procedures.
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Recommendations to optimize processes and strengthen their oversight.
Risk management and controls
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Identification and assessment of financial and operational risks.
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Development and updating of risk and control matrices.
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Analysis of the probability and impact of identified risks.
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Design and strengthening of control activities.
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Definition of mitigation measures and improvement opportunities.
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Support in the development and monitoring of action plans.
COSO, SOX, and control frameworks
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Evaluation of the internal control system using the COSO framework, where applicable.
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Review and documentation of key controls over financial reporting.
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Evaluation of controls in environments subject to SOX requirements.
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Identification and analysis of control deficiencies.
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Support in the implementation and strengthening of control environments.
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Consideration of financial reporting requirements under US GAAP, where applicable.
More control, better decisions.
An effective internal control system allows for the timely identification of risks, protects company resources, and strengthens the reliability of its processes and information.
At TIME, we evaluate your organization's controls and processes with a risk-based approach, delivering well-founded findings and practical recommendations that contribute to more efficient and secure management.