OPTIMIZING INTERNAL CONTROLS
Secure your processes and protect your business with internal controls.
Ready to strengthen your internal controls?
Contact our team today to discuss your needs and build strong, secure and effective internal controls together.
Reliable, efficient processes are at the heart of sound, sustainable management. Internal controls don’t just prevent fraud or error: they also improve performance, reduce risk and strengthen stakeholder confidence.
At Demers Beaulne, we help you evaluate, optimize and implement internal controls that support your business objectives.
OUR INTERNAL CONTROL SERVICES
Your processes, our expertise:
controls that inspire confidence
Complete assessment of your control procedures
Identify strengths, weaknesses and areas of risk in your financial and operational processes.
Control design and optimization
Implementation or improvement of measures adapted to your reality and in line with best practices.
Support during organizational change
Integrate robust controls during rapid growth, mergers or digital transformation.
What you get with our services
A clear view of your risks and priorities thanks to an in-depth, documented analysis.
Concrete, applicable recommendations that take into account your resources and corporate culture.
Sustainable improvement of your processes to ensure reliable financial information and regulatory compliance.
By working with our consulting firm, you benefit from…
A clear view of your risks and priorities thanks to an in-depth, documented analysis.
Concrete, applicable recommendations that take into account your resources and corporate culture.
Sustainable improvement of your processes to ensure reliable financial information and regulatory compliance.
Frequently Asked Questions
How to define internal control? (definition)
The internal control system is the set of measures put in place by an organization to control its activities and guarantee the achievement of its objectives. This structured approach encompasses the methods, procedures and measures that ensure the smooth running of operations.
A concrete example: when it comes to supplier payments, the separation of tasks between the person approving the invoice and the person making the bank transfer is a fundamental internal control measure. This practice significantly reduces the risk of error or fraud.
The system is designed to provide reasonable assurance that assets are protected, financial information is reliable and applicable laws are complied with. Implementing it requires the involvement of all personnel, from management to operational teams. Hence theimportance of well-structured internalcontrols.
What are the 5 components of internal control, according to COSO?
The COSO framework structures the system around five fundamental pillars. The internal control environment establishes the ethical and organizational foundations, notably through the clear definition of responsibilities and the commitment of management.
Risk assessment enables us to identify and analyze potential threats. Let’s take the example of a technology company that maps its cybersecurity vulnerabilities to better anticipate them.
Internal control activities include day-to-day procedures such as transaction validation and asset protection. The information and communication component ensures the efficient circulation of relevant data. Monitoring, the final component, regularly evaluates the effectiveness of the system through audits and regular follow-ups.
What are the different types of internal control?
Preventive internal controls act upstream to avoid errors. An excellent example: double validation of bank transfers over a certain amount prevents financial fraud.
Detective internal controls quickly identify anomalies during operations. The daily verification of cash register discrepancies is a concrete application of this approach.
Corrective internal controls come into action once a problem has been detected. After detecting an erroneous transaction via an internal audit or monitoring system, a resolution procedure is launched to correct the transaction, prevent future impacts and reinforce existing controls. This proactive approach strengthens overall system performance.
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