RDB Robert Düsterwald
The Internal Control Systemaims to eliminate or to minimise inherent risks of your business processes, such as the lack of effectiveness, efficiency or non-compliance with your business strategy, your company rules or legal requirements.
Internal Audit reviews and assesses independently the implemented control structures which are dedicated to encounter business strategy-related and external risks and to ensure the effectiveness and efficiency as well as the compliance of your business processes with ethical, juridical and other important aspects. Internal audit provides recommendations to improve the internal control system so that your process risks may be managed accordingly.
Risk management identifies and assesses strategy related and external business risks to the company and defines measures to manage these risks.
Compliance is the adherence to ethical, legal, supervisory and other internal and external rules including the process to ensure this compliance and to manage occurred compliance conflicts.
The interaction of the above mentioned processes contributes to an effective Corporate Governance, which adhere to the guidelines of the ‘Deutscher Corporate Governance Kodex’ (German Corporate Governance Codex).
Internal Control System, Corporate Governance, Company guidelines, Audits, Compliance, Risk identification, Risk assessment and Risk management.
The following questions may arise in this context:
We may review the issues above and assess the status of your ‚Corporate Governance’. With our recommendations we give basic hints, how to resolve the issues, so that your Internal Control System, your risk management and your compliance programme may work effectively and efficiently. If you want to know, whether Internal Audit works appropriately, we may conduct a Quality assessment according to the standards of the IIA and the DIIR.
We explain our recommendations and advise you with regard to the issues mentioned above or we create a consistent solution design, which resolves the issues.
Your compliance situation may be evaluated in a specific workshop or we may train your employees in compliance and its implications to your daily business. In addition, you may visit one of our open seminars executed in cooperation with educational institutes.
We may accompany the implementation of the required concepts by reviewing the results or by permanent consulting, clarifying detail questions.