Research shows that good corporate governance does more than keep auditors and investors relaxed - it actually makes good business sense as the cost of significant financial restatements averages around 18% of market capitalization. Conversly, good governance practices are rewarded by the investors willing to pay significant premiums on stock price.

With increasing pressure and expectations from both outside and inside today's corporations, management's approach to corporate governance and internal controls is under scrutiny. Partially, these expectations are driven by government mandates and shareholder demands and partially by internal pressure from the organization as response to years of organizational downsizing and streamlining. WIth years of experience under their belts, Consuit's consultants have worked with companies around the world exceeding these expectations. Our methodologies, experience and expertise help our clients go beyond compliance to reduce costs, increase value and improve efficiency by leveraging the mandated documentation and work.

This gives us – and our clients – a head start.

Assessing, documenting and testing internal controls and business processes is only the first stage of a three stage process. The logical sequential steps would be to benchmark processes across the organization, homogenize control processes and implementing them. The end results are reduced costs and increased productivity. Complying with legislation and mandates does not have to be costs only, there are lots of benefits that can be had from the process without even adding costs, if the compliance work is done the right way

 

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Internal Controls and Compliance
Sarbanes Oxley
Sarbanes Oxley Act of 2002
Sarbanes Oxley Act of 2002
Sarbanes Oxley Act of 2002
Strategic Sourcing
Restructuring
Structured Testing
Interim Management