The Internal Control System (ICS) is one of the key management instruments at an organisation’s disposal. The Internal Control System covers the entire range of procedures, methods and controls established by an organisation’s Board and Management for the purpose of ensuring proper functioning of business operations. Internal controls are an integral part of the entity’s business processes.


ICS projects (i.e. projects to document, assess and enhance internal controls) should be conducted under the responsibility of the Board and actively involve Management. While ultimate responsibility cannot be delegated to people outside the company, it can often make sense to seek support from external advisors or the statutory auditors. Our Firm has many years of experience in this area and would be glad to assist you in optimizing your Internal Control System