RISK AND INTERNAL CONTROL

InC Blue provides business focused risk and internal control services to major corporations.

Our objective is to provide solutions that enhance business decision making and operational processes. Our business approach to risk management and internal control differentiates us from the purely technical approach employed by many. We consistently deliver high quality solutions at a very competitive price.

We believe that the increasing regulatory emphasis on mandating internal control, spreading from the United States in 2004 and most recently arriving in India in 2017 has obscured the many positive reasons for establishing an effective internal control framework.

For us compliance with SOX or equivalent regulations is a by-product, and the real benefits of a well designed system of internal control are found in operational effectiveness. These benefits include increased reliability of business processes, better and more reliable information flows and better senior management decision making.

We blend our leaders’ senior management experience in various global companies with undoubted technical expertise and thus bring a unique operational perspective to internal control issues. Underpinning our solutions is our proprietary, business oriented design and review methodology, which also integrates the technical requirements of the regulatory bodies and the COSO and CoBiT global standards.

The services we provide include annual SOX reviews on behalf of management, analysis of internal control structures, creation of risk management frameworks, design of internal control systems, business process re-engineering, special reviews for audit committees, training for financial and non-financial staff, including internal auditors, and many other risk and internal control related functions. We work well and co-operatively with external auditors, other external consultants and internal audit teams.

We offer these services in the United States, Australia, New Zealand, the Baltic Region and Italy and to foreign subsidiaries of companies located in those areas. We are also experienced in China, Hong Kong, Taiwan, Southeast Asia, Brazil, Dubai, Russia and Kazakhstan.

OUR METHODOLOGY

Our proprietary methodology is designed to ensure a clear focus on important internal control issues and to eliminate unnecessary or duplicative work. It is driven by control objectives derived from the COSO and CoBiT standards and our professionals search for the controls in each client that meet each relevant objective. The advantage of our control objective based approach is that the review is tailored to the circumstances of each client. Instead of approaching an assignment client’s operations with a list of required controls to be imposed, we are able to tailor an effective solution around the client’s business operations.

The methodology in its current form was developed in 2004 to meet the demands of US clients with a SOX reporting obligation. It is solidly based on the generally accepted principles of the COSO framework, updated for the 2013 enhancements. It provides our professionals with a clear path to a successful review. It includes strict documentation standards, a work flow guide and clear guidance on control objectives and risk parameters that Company controls must meet. Our quality standards are set at the highest level and all work performed is reviewed for quality by senior professionals.