Internal Controls services
Always be ahead
Internal Controls services
Strong internal control services are essential for building a resilient organization that operates efficiently and minimizes risk. Our experts at Waslat Al-Amal specialize in designing, implementing, and maintaining a robust internal control system tailored to your business model. Whether you’re a fast-growing SME or a large enterprise, we provide strategic support in the evaluation of internal controls to detect vulnerabilities, ensure policy compliance, and strengthen financial governance.
With our internal control analysis services, we go beyond the surface to examine your organization’s operational procedures, identify gaps, and recommend proactive improvements. The importance of internal controls lies in their ability to prevent fraud, reduce errors, and enhance decision-making – and that’s exactly what our services aim to achieve.
internal control consulting services
Waslat Al-Amal delivers specialized internal control consulting services designed to help your business scale securely and confidently. We offer customized solutions that align with your regulatory environment and organizational goals. From strategic planning to hands-on implementation, we guide you through establishing a strong internal control system that supports compliance and performance.
Our consultants conduct an in-depth evaluation of internal controls, offering data-driven insights and best practices that mitigate operational and financial risks. Through our structured internal control analysis services, you gain a clear view of process inefficiencies, control gaps, and improvement opportunities. With our guidance, you can unlock the true importance of internal controls as a strategic asset—not just a compliance necessity.
Policies and Procedures, Risk Appetite, and Key Risk Indicators
- Review and Update Policies and Procedures: Regularly assess and update existing policies and procedures, and define a Risk Champions Addendum.
- Risk Identification: Identify risks through document reviews, discussions, and assessment of internal and external environments.
- Define Risk Likelihood and Impact Criteria: Establish criteria to evaluate the likelihood and impact of risks.
- Enterprise Risk Appetite: Define and communicate the organization’s risk appetite.
- Develop Key Risk Indicators (KRIs): Create KRIs to monitor and manage risk levels effectively.
Risk Reporting
- Quarterly Risk Management Reporting: Develop a template for quarterly risk management reports that incorporate the defined risk appetite and KRIs for the Board of Directors.
Strategic Planning and Risk Integration
- Facilitate Strategic Planning: Conduct strategy management workshops to integrate risk considerations into strategic planning.
- Templates for Management: Provide templates to help management incorporate updated strategic objectives in response to changing market dynamics.
- Categorize Strategic Risks: Identify and categorize risks that hinder the achievement of strategic objectives.
Enterprise Risk Registers and Training
- Risk Categorization: Categorize risks that impact organizational objectives.
- Risk Assessment: Assess each risk based on likelihood and impact to determine an inherent risk rating.
- Voting Session: Conduct sessions to identify top residual risks and existing controls.
- Personnel Training: Provide training for relevant personnel on risk management and internal controls.
Our internal control Services
Develop SOPs and clearly define roles and responsibilities to ensure efficient and compliant operations.
Ready to take control?
If you’re ready to enhance oversight, reduce risks, and strengthen performance—then it’s time to partner with Waslat Al-Amal. Our internal control services empower leadership teams to make informed decisions with confidence. Through our thorough evaluation of internal controls, we help you spot issues before they become liabilities.
Whether you’re looking for full internal control consulting services or a one-time internal control system audit, we’re here to support your journey. Let us help you recognize the importance of internal controls in building a sustainable business advantage.
