organisations operate differently, and one of the main reasons for this is that
their goals are different, as is their overall business strategy. Our process
consulting service offering aims to help you translate your business vision and
strategy into viable policies, operational processes, and easy to follow
With every aspect of your operations optimally documented and
monitored, you can rest assured that the overall efficiency within
your organisation shall see a significant improvement.
internal controls so important?
Sound internal controls are an essential part of any defence against fraud. Internal controls are the policies and procedures established
by management as a response to internal and external risks. According to the
2010 report on Occupational Fraud and abuse compiled by The Association of
Certified Fraud Examiners (ACFE) it was estimated that the average organisation
lost about 5% of its annual turnover to fraud. A much quoted statistic states
that 10% of the work force is incorruptible and will never steal, even if they
have the opportunity. On the other hand 10% is dishonest and will actively seek
opportunities to steal. The remaining 80% are honest by inclination, but could
be tempted given the opportunity. Situations where there are no controls or
where the controls are weak, creates these kinds of opportunities for
employees. By creating a functional control environment, an organisation should
have about 90% of employees being faithful and will therefore be more equipped
to deal with the other 10%.