Internal Control Advisory - Financial Advisory

      • Financial & Tax Due Diligence
      • Seller Support
      • Post Deal Integration

      • Bookkeeping and Tax Filings
      • US GAAP and IFRS Reporting
      • Process Payments
      • Payroll,Benefits and Compensation
      • Billings and Collections

      » Internal Control Advisory
      • Process Consulting
      • Policy & Procedure Design

We have unique expertise in internal control over financial reporting. Through analyzing controls in data capture, data input, data transfer, date processing and data output, which are embedded in business processes, we evaluate financial information integrity in terms of completeness, timeliness and accuracy. These information forms financial statements and various management reports based on which management makes decisions.

We use a number of tools in evaluating controls. These tools include the COSO model, Control Self-Assessment, and Information Flow Diagram. We give constructive suggestions on control design and process design, as well as how to mitigate risks or reduce risks to acceptable level.

We also help clients test the operation of controls. Our expertise in sampling, designing work programs and determining test scope and extent helps client manage the project efficiently and effectively.

Currently, our Internal Control Advisory service includes:

•	Internal control risk diagnostic
•	Internal control improvement
•	Internal audit and process review
•	Sarbanes-Oxley Act Section 404 implementation support
•	Design and set up of Standard Operating Procedures
•	Business and financial risk management



•	Our Client is a mega-sized manufacturing company listed in the New York Stock Exchange. In order to comply with the Sarbanes-Oxley Act Section 404, all subsidiaries located in Mainland China and Taiwan are required to implement the Act. We assisted the Client document critical processes and internal controls over financial reporting in narrative texts and flow charts, designed sample basis and tested internal controls. We also submitted remediation plans to internal control weaknesses. We finally helped the Client’s Greater China region successfully implement the Section 404 project.