Implementation of an internal control framework
Our client is a public Company with annual revenues of approximately 1 billion SEK. The Company has identified a need to formalize its internal control environment, to increase reliability of internal and external financial reports, and to ensure that operational risks are managed. Further, a formalized process for fraud reporting is needed.
Lind Andersson has been engaged to assist the Company with this project. During phase one, Lind Andersson prepared the scoping of the project and conducted a companywide risk assessment with key personnel, based on COSO’s framework for internal control. In phase two, we established an internal control function, and assisted the internal control manager in implementing an internal control framework in the organization.